Everest Reports Third Quarter 2026 Results
Everest reported Q3 2026 net income of $233 million ($6.12 per diluted share) versus $255 million a year ago, with net operating income of $290 million ($7.62 per diluted share). The quarter was weighed down by $268 million of net adverse prior-year development, including roughly $600 million of gross casualty reserve strengthening on top of $200 million in 2Q26, and $322 million of pre-tax catastrophe losses, driving a 107.1% group combined ratio and a $223 million pre-tax underwriting loss.
Key figures
- Eps
- 6.12
- Revenue
- 3713000000
- Revenue Yoy
- -14.0%
- Gwp change
- -14.5%
- Annualized tsr
- 14.2%
- Net income roe
- 6.0%
- Buybacks quarter
- 474000000
- Net operating eps
- 7.62
- Net operating roe
- 7.4%
- Pre tax cat losses
- 322000000
- Combined ratio core
- 105.8%
- Book value per share
- 381.04
- Combined ratio group
- 107.1%
- Net operating income
- 290000000
- Gross written premium
- 3742000000
- Net investment income
- 634000000
- Casualty reserve strengthening
- 600000000
- Attritional combined ratio core
- 87.0%
- Prior year unfavorable development
- 268000000
AI analysis
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