Everest Group Ltd. Common Stock Q3 2026 Earnings Recap

Everest shares rose 3.5% after earnings, with investors responding to $7.62 in operating EPS, record net investment income, and accelerated capital returns. The positives came alongside reserve strengthening in reinsurance and a year-over-year decline in reinsurance premiums as the company cut casualty exposure.

Key Takeaways

• Operating earnings per share were $7.62; core businesses generated $3.7 billion in gross written premium, modestly below the prior year.
• Everest strengthened casualty reserves and reinsurance, and said its reserve position is now more than $850 million above its actuarial central estimates.
• Reinsurance gross written premium fell about 6% year over year on a constant-dollar basis, excluding reinstatement premiums; casualty premiums declined 18%. Catastrophe losses were $277 million net of estimated recoveries and reinstatement premiums.
• Global Wholesale & Specialty gross written premium rose more than 3%; its attritional loss ratio improved 90 basis points to 60%, while the combined ratio was 97.3%.
• Capital return was approximately $550 million in the quarter, including dividends, bringing the year-to-date total to more than $1.4 billion.