AI English summary of an SEC filing — figures as filed
Everest Group EGGross written premiums fell to $3.7 billion in Q3 2026 from $4.4 billion a year earlier, down 14.5%, the company said. Net income was $233 million in the quarter, compared with $255 million a year earlier, and $1.4 billion for the 9 months, compared with $1.1 billion a year earlier.
Key points
AI summaryGross written premiums fell to $3.7 billion in Q3 2026 from $4.4 billion a year earlier, down 14.5%, the company said. Net income was $233 million in the quarter, compared with $255 million a year earlier, and $1.4 billion for the 9 months, compared with $1.1 billion a year earlier.
Everest said incurred losses for its Reinsurance Treaty segment rose 20.6% to $1.8 billion in Q3 2026, with current-year catastrophe losses up $245 million. Incurred losses and LAE for the Legacy segment fell 78.9% to $186 million, and the company cited the U.S. casualty reserve strengthening recorded in Q3 a year earlier.
The company said it repurchased 3.4 million common shares on the open market for $1.2 billion and paid common dividends of $233 million in 2026 over the 9 months. Net cash provided by operating activities for the same 9 months was $1.6 billion, compared with $3.5 billion a year earlier.
The company said it announced the completion of the sale of its Canadian Commercial Retail Insurance operations on October 1, 2026. It also said Everest Colombia entered into an agreement to be sold to AIG, with closing expected on May 19, 2026 and Q4 2026, and Everest Mexico entered into an agreement to be sold to Fairfax, with closing expected on August 5, 2026 and in 2027.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Gross Written Premiums Decline and Net Income
Gross written premiums fell to $3.7 billion in Q3 2026 from $4.4 billion a year earlier, down 14.5%, the company said. Net income was $233 million in the quarter, compared with $255 million a year earlier, and $1.4 billion for the 9 months, compared with $1.1 billion a year earlier.
Source · Based on the MD&A text of the filing
Reinsurance Treaty and Legacy Segment Losses
Everest said incurred losses for its Reinsurance Treaty segment rose 20.6% to $1.8 billion in Q3 2026, with current-year catastrophe losses up $245 million. Incurred losses and LAE for the Legacy segment fell 78.9% to $186 million, and the company cited the U.S. casualty reserve strengthening recorded in Q3 a year earlier.
Source · Based on the MD&A text of the filing
Shareholder Returns and Operating Cash Flow
The company said it repurchased 3.4 million common shares on the open market for $1.2 billion and paid common dividends of $233 million in 2026 over the 9 months. Net cash provided by operating activities for the same 9 months was $1.6 billion, compared with $3.5 billion a year earlier.
Source · Based on the MD&A text of the filing
Divestitures of Commercial Retail Insurance Operations
The company said it announced the completion of the sale of its Canadian Commercial Retail Insurance operations on October 1, 2026. It also said Everest Colombia entered into an agreement to be sold to AIG, with closing expected on May 19, 2026 and Q4 2026, and Everest Mexico entered into an agreement to be sold to Fairfax, with closing expected on August 5, 2026 and in 2027.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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