Premiums and Revenues - Gross written premiums decreased by 1.1% to $4.375 billion for the three months ended September 30, 2025, compared to $4.425 billion for the same period in 2024[145]. - Net written premiums decreased by 1.3% to $3.754 billion for the three months ended September 30, 2025, compared to $3.805 billion for the same period in 2024[149]. - Premiums earned decreased by 1.6% to $3.855 billion during the three months ended September 30, 2025, compared to $3.918 billion during the same period in 2024[150]. - Total revenues increased by 0.8% to $4.319 billion for the three months ended September 30, 2025, compared to $4.285 billion for the same period in 2024[145]. Losses and Expenses - Incurred losses and loss adjustment expenses increased by 9.8% to $2.837 billion for the three months ended September 30, 2025, compared to $2.584 billion for the same period in 2024[145]. - The combined ratio increased to 103.4% for the three months ended September 30, 2025, compared to 93.1% for the same period in 2024[145]. - The loss ratio component increased by 7.6 points to 73.6% for the three months ended September 30, 2025, mainly due to a $537 million increase in unfavorable development on prior year attritional losses[171]. - Incurred losses and LAE increased by 64.7% to $996 million for the three months ended September 30, 2025, compared to $605 million for the same period in 2024[201]. Investment Income - Net investment income increased by 8.8% to $540 million for the three months ended September 30, 2025, compared to $496 million for the same period in 2024[145]. - For the nine months ended September 30, 2025, net investment income increased by 5.5% to $1.6 billion, up from $1.5 billion in the same period in 2024, mainly from a $73 million increase in income from fixed maturity investments[176]. - Total net gains (losses) on investments for the three months ended September 30, 2025, were $(47) million, compared to $(27) million for the same period in 2024, reflecting a $36 million loss from investment dispositions[178]. Shareholders' Equity - Shareholders' equity increased by 10.8% to $15.375 billion as of September 30, 2025, compared to $13.875 billion as of December 31, 2024[146]. - Shareholders' equity increased to $15.4 billion as of September 30, 2025, up from $13.9 billion at December 31, 2024[225]. Catastrophe Losses - Current year catastrophe losses for the three months ended September 30, 2025 were $50 million, primarily related to Typhoon Ragasa, the 2025 U.S. September floods, and the 2025 Philippines earthquake[157]. - Current year catastrophe losses for the nine months ended September 30, 2025 were $604 million, with significant losses attributed to the 2025 Southern California wildfires and other events[160]. Reinsurance Segment - Gross written premiums in the Reinsurance segment decreased by 1.8% to $3.2 billion for the three months ended September 30, 2025, compared to $3.3 billion in the same period in 2024[186]. - The loss ratio for the Reinsurance segment improved to 58.0% for the three months ended September 30, 2025, down from 65.4% in the same period in 2024[186]. - The combined ratio for the Reinsurance segment was 87.0% for the nine months ended September 30, 2025, compared to 91.9% for the same period in 2024[188]. Corporate Expenses - Corporate expenses increased to $27 million for the three months ended September 30, 2025, compared to $25 million for the same period in 2024, primarily due to a nonrecurring adjustment related to the employee benefit plan[164]. - Commission, brokerage, taxes and fees increased by 7.8% to $890 million for the three months ended September 30, 2025, compared to $826 million for the same period in 2024[162]. Cash Flow and Borrowings - The net cash flows from operating activities for the nine months ended September 30, 2025, were $3.5 billion, compared to $4.2 billion for the same period in 2024[231]. - The company had $1.0 billion of borrowings outstanding as of September 30, 2025, with borrowings beginning to expire in 2025[236]. Foreign Currency and Interest Rates - The company mitigates foreign currency risk by matching the currency and duration of assets to corresponding operating liabilities[245]. - Changes in foreign currency exchange rates impact the fair value of available-for-sale fixed maturities, reflected in other comprehensive income[245]. - If interest rates rise, the present value of reserves decreases, while it increases if interest rates decline[244].

Key Points Investors punished the stock after the publication of third-quarter earnings. Key fundamentals dived, while the combined ratio saw a worrying rise. 10 stocks we like better than Everest Group › Everest Group (NYSE: EG) might share a name with the highest mountain above sea level on our Earth, but its stock hasn't been ascending of late. The insurer's share price was falling by over 11% week-to-date as of Friday before market open, according to data compiled by S&P Global Market Intelligen ...

Core Insights - Everest Group, Ltd. reported a third-quarter 2025 operating income of $7.54 per share, which missed the Zacks Consensus Estimate by 43.7% and decreased 48.4% year over year [1][10] - The company experienced declining premiums, an underwriting loss, and higher expenses, although these were partially offset by narrower catastrophe losses and improved net investment income [1] Q3 Operational Update - Total operating revenues reached $4.3 billion, a 0.7% increase year over year, driven by higher net investment income, but fell short of the consensus mark by 2.9% [2][10] - Gross written premiums decreased by 1.1% year over year to $4.4 billion, with growth in property and specialty lines offset by reductions in certain casualty lines [2] Investment Income and Expenses - Net investment income was $540 million, an increase of 8.8% year over year, attributed to a larger asset base and strong alternative investment returns [3] - Total claims and expenses rose by 9.2% to $4 billion, primarily due to higher incurred losses and various underwriting expenses [3] Underwriting Performance - The underwriting loss was $130 million, contrasting with an underwriting income of $272 million in the same quarter last year [4] - The combined ratio deteriorated by 1030 basis points year over year to 103.4, significantly above the Zacks Consensus Estimate of 93 [4] Segmental Performance - In the Reinsurance segment, gross written premiums were $3.2 billion, down 1.8% year over year, with a mixed performance across different lines [5] - The combined ratio for the Reinsurance segment improved by 480 basis points to 87, better than the Zacks Consensus Estimate of 90 [6] - The Insurance segment generated gross written premiums of $1.1 billion, up 3.3% year over year, but the combined ratio deteriorated sharply to 138.1 [7][8] Financial Position - As of the end of Q3 2025, total investments and cash amounted to $45.8 billion, a 10.3% increase from the end of 2024 [11] - Shareholder equity rose by 10.8% to $15.4 billion, with a book value per share of $366.22, up 13.4% from the previous year [11] - Cash flow from operations was $1.5 billion, down 16% year over year, with common share dividends paid amounting to $83.7 million [12]

Core Insights - The article highlights seven insurance stocks to watch, including United Parcel Service, Berkshire Hathaway, Wells Fargo & Company, Progressive, Arthur J. Gallagher & Co., Brown & Brown, and Everest Group, based on their high trading volumes recently [2] Group 1: Company Profiles - United Parcel Service (UPS) is a package delivery company that offers a range of services including transportation, delivery, distribution, and insurance, operating through U.S. Domestic Package and International Package segments [3] - Berkshire Hathaway Inc. engages in insurance, freight rail transportation, and utility businesses, providing various insurance products and operating railroad systems in North America [4] - Wells Fargo & Company is a diversified financial services company offering banking, insurance, investments, and mortgage services, operating through multiple segments including Consumer Banking and Lending, and Corporate and Investment Banking [5] - Progressive Corporation provides personal and commercial auto and property insurance products, operating in three segments: Personal Lines, Commercial Lines, and Property [6] - Arthur J. Gallagher & Co. offers insurance brokerage and consulting services, operating through Brokerage, Risk Management, and Corporate segments [6] - Brown & Brown, Inc. is an insurance agency and brokerage firm providing various insurance services, operating through Retail, National Programs, Wholesale Brokerage, and Services segments [7] - Everest Group, Ltd. provides reinsurance and insurance products globally, operating through Insurance and Reinsurance segments [7]

Oct 29, 2025 6:37 PM Eastern Daylight Time In AM Best's view, the addition of an adverse development cover and the sale of the retail commercial insurance business provides more confidence that Everest's prospective performance will return to historically stronger levels. The negative outlooks, nevertheless, reflect heightened operational risk as the group shifts its strategy to focus exclusively on its reinsurance and global specialty insurance segments, which together comprise more than 80% of the group's ...

Group 1 - Everest Group has experienced a challenging year, with shares down 20% compared to last year [1] - The company is facing issues related to poorly underwritten policies [1]

Core Insights - EG (EG.US) has been upgraded from an A to an AA rating in the MSCI ESG ratings as of October 28, 2025 [1] Group 1 - The upgrade reflects an improvement in EG's environmental, social, and governance practices [1]

Everest Group's revenue increased by 0.8% year-over-year in Q3 2025 but fell short of the Zacks Consensus Estimate.The company's EPS significantly dropped to $7.54 from $14.62 in the same period last year, missing consensus estimates.Despite recent challenges, EG has a potential upside of 23.55% according to Barclays' price target.Everest Group (NYSE:EG) is a prominent player in the insurance industry, specifically within the multi-line sector. The company provides a range of insurance and reinsurance produ ...

Everest Group (NYSE:EG) Q3 2025 Earnings Call October 28, 2025 08:00 AM ET Company ParticipantsAndrew Andersen - Equity Research VPMark Kociancic - EVP and CFOMatt Rohrmann - Head of Investor RelationsMeyer Shields - Managing DirectorBrian Meredith - Managing DirectorJim Williamson - President and CEOGregory Peters - Managing DirectorConference Call ParticipantsNone - AnalystJosh Shanker - US Insurance Equity Research AnalystAlex Scott - Insurance Research AnalystRyan Tunis - Equity Research Analyst of Insu ...

Everest Group (NYSE:EG) Q3 2025 Earnings Call October 28, 2025 08:00 AM ET Company ParticipantsAndrew Andersen - Equity Research VPMark Kociancic - EVP and CFOMatt Rohrmann - Head of Investor RelationsMeyer Shields - Managing DirectorBrian Meredith - Managing DirectorJim Williamson - President and CEOGregory Peters - Managing DirectorConference Call ParticipantsNone - AnalystJosh Shanker - US Insurance Equity Research AnalystAlex Scott - Insurance Research AnalystRyan Tunis - Equity Research Analyst of Insu ...