8-KItem 2.02 · Results of OperationsItem 9.01 · Financial Statements
Everest reports lower third-quarter profit after $600 million casualty reserve strengthening
Filed with the SEC on · Summarized by InvestorsBot
Everest Group reported third-quarter 2026 net income of $233 million, or $6.12 per diluted share, compared with $255 million, or $6.09 per share, a year earlier; net operating income was $290 million, or $7.62 per share. The company recorded about $268 million of net unfavorable prior-year reserve development, including roughly $600 million of gross casualty reserve strengthening, while net investment income rose to $634 million; Everest also repurchased $474 million of common shares during the quarter.