Everest posts FY 2025 net investment income up 36.3% to USD 2.1 billion

Everest reported FY 2025 net income of USD 1.6 billion (up 15.9%), on total revenues of USD 17.5 billion (up 1.2%). Premiums earned were USD 15.6 billion (up 2.5%), while gross written premiums were USD 17.7 billion (down 2.9%) and net written premiums were USD 15.5 billion (down 1.9%). The FY 2025 combined ratio improved to 98.6% from 102.3%, with a 69.8% loss ratio and catastrophe losses contributing 5.3 percentage points to the combined ratio. Net investment income rose to USD 2.1 billion (up 8.7%), while net investment losses were USD 143 million (vs. net gains in FY 2024). Book value per share increased to USD 379.83 (up 17.6%), and shareholders’ equity rose to USD 15.5 billion (up 11.4%). For FY 2025, Everest disclosed unfavorable prior-year loss reserve development of USD 657 million (including USD 751 million of unfavorable prior-year attritional development), and highlighted U.S. casualty reserve strengthening actions. The company also announced an adverse development cover reinsurance agreement effective October 1, 2025, covering accident years 2024 and prior North American liabilities within the Insurance and Other segments up to a gross limit of USD 1.2 billion; carried reserves for the covered business were USD 5.0 billion at December 31, 2025, and covered losses ceded to State National were USD 1.3 billion at year-end. Separately, Everest agreed on October 26, 2025 to sell renewal rights for certain commercial retail insurance lines to AIG for an aggregate purchase price of USD 252 million plus USD 49 million, with the renewal rights representing an estimated USD 2.0 billion of aggregate gross premiums written; Everest recorded a USD 127 million gain from the sale of renewal rights in FY 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Everest Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001095073-26-000006), on February 26, 2026, and is solely responsible for the information contained therein.