Everest Group said net income for the 3 months ended March 31, 2025 was $210 million, compared with $733 million in the prior year period. The company said the combined ratio increased 13.9 points to 102.7% from 88.8%.

1. 01

   Everest Group said net income for the 3 months ended March 31, 2025 was $210 million, compared with $733 million in the prior year period. The company said the combined ratio increased 13.9 points to 102.7% from 88.8%.

2. 02

   Everest Group said incurred losses and loss adjustment expenses for Q1 2025 increased 29.4% to $2.9 billion. The company said that of current year catastrophe losses of $534 million, Southern California wildfires accounted for $512 million.

3. 03

   Everest Group said gross written premiums for Q1 2025 decreased 0.5% to $4.4 billion, and premiums earned increased 5.5% to $3.9 billion. Net investment income increased 7.5% to $491 million, the company said.

4. 04

   Everest Group said shareholders' equity at March 31, 2025 was $14.1 billion, an increase of $264 million from December 31, 2024. During Q1 2025, the company repurchased 574,000 common shares at a cost of $200 million and paid $85 million in dividends.

Key figures

Quarter ended March 31, 2025

Revenue

$4.3B

Net income

$210M

EPS

$4.90

Operating cash flow

$928M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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