Everest (US:EG)2025-07-31 12:00Financial Performance - Net investment income reached $532 million for the second quarter of 2025[18], driven by higher assets under management and strong alternative investment returns[18, 23] - The company's combined ratio was 904%[18], resulting in underwriting income of $385 million[18] - Net operating income for the second quarter of 2025 was $734 million[21, 66], and $1010 million year-to-date[21, 66] - The company repurchased $200 million of common shares during the quarter[34] - Total Shareholder Return (TSR) was 148% annualized for the first half of 2025[19, 33, 61] Reinsurance Division - Reinsurance gross written premiums (GWP) year-to-date reached $6463 million[25], a 16% increase compared to $6385 million in the same period of 2024[25] - The attritional combined ratio for reinsurance improved to 845% year-to-date[28] Insurance Division - Insurance gross written premiums (GWP) year-to-date were $2559 million[31], a decrease of 33% on a constant dollar basis[32] - The insurance division's attritional combined ratio increased to 994% year-to-date[31] Capital and Risk Management - Shareholders' equity stood at $153 billion[33], excluding $252 million of unrealized losses on fixed maturity portfolio[33] - The company's invested assets totaled $443 billion[33, 57], with 87% in fixed income and cash/short-term securities[57]