Everest (US:EG)2025-05-01 10:19Financial Performance - The company's net investment income was $491 million in 1Q25, driven by higher assets under management[17] - Net operating income was $276 million in 1Q25, compared to $709 million in 1Q24 and $443 million in 1Q23[20] - The annualized total shareholder return (TSR) for 1Q25 was 56%, compared to 92% in 2024 and 265% in 2023[21] Reinsurance Segment - Reinsurance gross written premiums (GWP) for 1Q25 were approximately $32 billion, a decrease of 11% on a constant dollar basis and excluding reinstatement premiums[28] - The reinsurance attritional loss ratio increased by 260 basis points to 598% in 1Q25[28] - The reinsurance attritional combined ratio increased by 270 basis points to 871% in 1Q25, primarily driven by aviation losses[28] Insurance Segment - Insurance gross written premiums (GWP) decreased 01% on a constant dollar basis to $11 billion in 1Q25[33] - The insurance attritional loss ratio increased to 688% in 1Q25[32] - The insurance attritional combined ratio increased to 991% in 1Q25[32] Capital and Risk Management - Shareholders' equity was $1414 billion, excluding $561 million of unrealized losses on the fixed maturity portfolio, resulting in a TSR of 56%[34] - The company repurchased $200 million of common shares during the quarter[35]