Companies · EG
Everest Group
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Latest analysis
Updated Aug 3, 2026
Everest Group 2Q26: Combined ratio improves to 92.0% as Legacy runoff and catastrophe normalization offset core premium declines driven by strategic retail exit.
Everest Group's H1 2026 results reflect a company mid-transformation: the deliberate exit from commercial retail insurance via AIG renewal rights sales has compressed consolidated gross written premiums by 18.7% year-over-year, but the Core businesses (Reinsurance Treaty + Global Wholesale & Specialty) delivered a combined $655 million underwriting gain on $6.3 billion of earned premiums, a substantial improvement from $358 million in H1 2025. The critical structural positive is catastrophe loss normalization — H1 2026 CAT losses of $181 million versus $554 million in H1 2025 — which drove the consolidated loss ratio down 6.3 points to 62.1%, validating the portfolio repositioning thesis. The BMA's formal designation of Everest as subject to group supervision, with Bermuda Re as designated insurer, is the most consequential new regulatory development: it introduces capital requirement uncertainty, potential dividend restriction risk, and compliance cost escalation through at least January 2027.
Tone: mixedRevenue
$17.5B
EG 10-K · FY 2025
Employees
3,064
Revenue growth YoY
+1.2%
Headquarters
Hamilton, Bermuda
Profile
EG 10-K Item 1 · Feb 26, 2026Everest Group, Ltd. is a Bermuda-based global reinsurance and insurance organization operating across more than 100 countries. The company writes property, casualty, and specialty lines through two reportable segments — Reinsurance and Insurance — distributing through brokers, surplus lines, and general agents. In 2025, it generated $17.7 billion in gross written premiums, with reinsurance representing approximately 72% of that volume.
Read filing description ↓ Collapse description ↑
Everest is a Bermuda-based reinsurance and insurance organization. As part of the Standard & Poor's ('S&P') 500 Index, we are a leading financial services institution focused on diversifying our portfolio and geographic presence. Through our direct and indirect subsidiaries operating in the U.S. and internationally, we serve a diverse group of clients worldwide, providing what we believe are extensive product and distribution capabilities, a strong balance sheet, an innovative culture and access to world-class talent. The Company's principal business, conducted through its Reinsurance and Insurance reportable segments, is the underwriting of reinsurance and insurance in the U.S., Bermuda and other international markets. Our global network spans more than 100 countries across six continents. In 2025, the Company had gross written premiums of $17.7 billion with approximately 72.4% representing Reinsurance and 27.1% representing Insurance with the remaining 0.5% of gross written premium coming from our 'Other' operating segment. The Company underwrites reinsurance both through brokers and directly with ceding companies, giving it the flexibility to pursue business based on the ceding company's preferred reinsurance purchasing method. The Company underwrites insurance principally through brokers, including for surplus lines, and general agent relationships. Group's active operating subsidiaries are each rated A+ ('Superior') by A.M. Best Company, a leading provider of insurer ratings that assigns financial strength ratings to insurance companies based on their ability to meet their obligations to policyholders.
Primary products
- Property Pro Rata reinsurance
- Property Non-Catastrophe Excess of Loss reinsurance
- Property Catastrophe XOL reinsurance
- Casualty Pro Rata reinsurance
- Casualty XOL reinsurance
- Financial Lines reinsurance
Business segments
End markets
Geographies
Named customers
For the year ended December 31, 2025, no single customer (ceding company or insured) generated more than 3.6% of the Company's gross written premiums.
“It is our long-standing client and broker relationships that help us continue to grow and maintain our global leadership position.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues increased 1.2% to $17.5 billion in 2025 from $17.3 billion in 2024, driven by growth in premiums earned and net investment income, partially offset by investment losses and lower other income.
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