Everest Group, Ltd. reports developments in global property, casualty, and specialty reinsurance and insurance underwriting. Company news centers on results from Reinsurance Treaty, Global Wholesale & Specialty, and Legacy reporting categories, including gross written premiums, underwriting income, combined ratios, return on equity, investment income, and book value measures.
Recurring updates also cover capital return actions such as dividends and common-share repurchases, as well as leadership appointments tied to North America treaty reinsurance and wholesale specialty insurance. The company’s announcements often describe underwriting discipline, portfolio management, distribution strategy, renewal activity, and the capital and risk management framework used across its global operating affiliates.
Everest Group (NYSE: EG) has signed a definitive agreement to sell its Chile insurance business to American International Group (NYSE: AIG). The agreement covers Everest Compañía de Seguros Generales Chile and represents the final planned divestiture of Everest’s Latin American insurance operations as part of its exit from commercial retail insurance.
Everest also completed the previously disclosed sale of its Colombia insurance business to AIG. The company expects the Chile sale to close in the first half of 2027, subject to regulatory approvals and customary closing conditions.
American International Group (NYSE: AIG) signed a definitive agreement to acquire Everest Group’s Chilean insurance subsidiary and completed its acquisition of Everest Colombia.
Under the Chile agreement, AIG subsidiaries will acquire Everest Chile’s licensed operations, employees and ongoing insurance business upon completion. Everest Chile serves corporate and upper-middle-market clients with property, energy, marine, financial lines and casualty insurance. The Chile transaction is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions.
AIG expects the transactions to expand its commercial insurance capabilities in Latin America and support long-term growth. AIG and Everest will work together on the transition for employees, clients and broker partners.
Everest Group (NYSE: EG) reported third-quarter 2026 net income of $233 million, down from $255 million a year earlier. Diluted earnings per share rose to $6.12 from $6.09. Net investment income increased to $634 million from $540 million, while the Group recorded a $223 million pre-tax underwriting loss.
Pre-tax net catastrophe losses rose to $322 million from $50 million. Approximately $268 million of unfavorable prior-year reserve development added 8.5 points to the Group combined ratio, which reached 107.1%; this ratio measures underwriting losses and expenses against premiums. Core-business gross written premiums fell 3.2% to $3.663 billion. Everest repurchased $474 million of common shares during the quarter. Annualized total shareholder return was 14.2%, based on year-to-date book-value growth excluding unrealized fixed-income gains and losses, plus dividends.
Everest Group (NYSE: EG) completed the sale of its Canadian Retail Insurance operations to The Wawanesa Mutual Insurance Company.
The business sold is Everest Insurance Company of Canada. Required regulatory approvals were received and customary closing conditions were satisfied. The definitive agreement was announced on March 23, 2026, as part of Everest’s previously announced plan to exit its Commercial Retail Insurance operations. Everest said the completed transaction advances its focus on its core Reinsurance and Global Wholesale and Specialty businesses.
Everest Group (NYSE: EG) will hold its third quarter 2026 earnings conference call on October 29, 2026, at 8:00 am Eastern Time. Financial results will be released on October 28, 2026 after the NYSE market close. The earnings release and financial supplement will be available on its investor website, which will also host a live, listen-only webcast and a replay of the call.
Everest Group (EG) appointed Nandini Mani SVP, Group Chief Claims Officer, effective immediately.
She succeeds Andrew McBride, who will retire after five years at Everest. Mani previously served as Everest’s Chief Compliance Officer and earlier led Chubb Overseas General Claims, overseeing more than 2,000 employees.
Everest Group (NYSE: EG) announced the publication of its 2025 Global Loss Triangles for the year ended December 31, 2025. The loss development disclosures are available on the company’s investor relations website under Financials/Annual Disclosures, alongside annual reports and related materials for investors.
Everest Group (NYSE: EG) announced that its Board of Directors has declared a cash dividend of $2.00 per common share.
The dividend is scheduled to be paid on or before September 25, 2026 to shareholders of record as of September 9, 2026. Everest is a global property, casualty, and specialty reinsurance and insurance provider and a component of the S&P 500 index.
Everest Group (NYSE: EG) has entered into a definitive agreement to sell its Mexico insurance company, Compañía de Seguros Generales Everest México, to Fairfax Financial Holdings (TSX: FFH, FFH.U). The transaction is part of Everest’s planned exit from its remaining commercial retail insurance businesses, following earlier agreements to sell its Colombia and Canada operations.
According to Everest, the sale supports its strategy to focus capital and resources on core Reinsurance and Global Wholesale and Specialty franchises. The deal is expected to close in 2027, subject to customary regulatory approvals and closing conditions. Guy Carpenter Capital & Advisory acts as financial advisor and Debevoise & Plimpton as legal counsel to Everest.
Everest (NYSE: EG) reported second quarter 2026 net income of $559 million ($14.22 per diluted share) and net operating income of $585 million ($14.85 per diluted share). Annualized returns on equity were 14.2% for net income and 14.9% for net operating income, with an annualized Total Shareholder Return of 16.8%.
Group combined ratio was 92.0%, while Core businesses (Reinsurance Treaty and Global Wholesale & Specialty) generated $317 million of underwriting income with a 90.0% combined ratio and 87.3% attritional combined ratio. Book value per share rose to $398.83 (or $407.67 excluding unrealized AFS fixed-maturity gains/losses). Gross written premium was $3.8 billion for the Group, down 19.4% year over year, including a 5.9% decline in Core businesses. Net investment income was $523 million. Everest returned capital via $395 million of common share repurchases and $78 million in dividends during the quarter.