Everest Group Reports Resilient Q1 2025 Performance

Everest Group, Ltd. ( (EG) ) has released its Q1 earnings. Here is a breakdown of the information Everest Group, Ltd. presented to its investors.

Everest Group, Ltd. is a global leader in underwriting, specializing in property, casualty, and specialty reinsurance and insurance solutions, known for its disciplined approach to risk management and capital deployment. In its first quarter of 2025, Everest Group reported a net income of $210 million and a net operating income of $276 million, with a total shareholder return of 5.6% annualized. The company faced significant challenges due to the highest Q1 catastrophe losses in over a decade, primarily from the California wildfires, which impacted its underwriting results. Despite these challenges, Everest Group demonstrated resilience with strong growth in property and specialty lines, although offset by reductions in certain casualty lines.

Key financial metrics revealed a gross written premium of $4.4 billion, with a slight year-over-year decrease. The combined ratio for the group stood at 102.7%, with catastrophe losses contributing significantly. The company also recorded a pre-tax underwriting loss of $104 million, largely due to the $472 million in pre-tax catastrophe losses. However, net investment income improved to $491 million, showcasing the company’s robust investment strategy.

Everest Group’s strategic initiatives included $200 million in common share repurchases during the quarter, reflecting confidence in its long-term value creation. The company also continued its focus on U.S. casualty remediation and capital deployment in property and specialty lines, aiming to achieve excellent expected returns.

Looking ahead, Everest Group remains committed to executing its strategic plan, with management expressing confidence in achieving return objectives despite the challenging environment. The company continues to explore opportunities for capital deployment and growth in its core business areas.