Quarterly ResultApr 29, 2026, 04:43 PM
EG Q1 Net Income $653M, ROE 16.8%; Underwriting Income $316M
AI Summary
Everest Group, Ltd. reported a strong first quarter 2026, with net income surging to $653 million and an annualized net income ROE of 16.8%. The company achieved $316 million in underwriting income and a combined ratio of 91.2%, significantly improving from the prior year. Everest also repurchased $331 million of common shares during the quarter, reflecting its capital efficiency strategy.
Key Highlights
- Net income increased to $653 million ($16.21 diluted EPS) from $210 million in Q1 2025.
- Annualized Net Income ROE reached 16.8%, and Net Operating Income ROE was 16.7%.
- Underwriting income was $316 million, a significant improvement from a $104 million loss in Q1 2025.
- Combined ratio improved to 91.2% from 102.7% in Q1 2025, driven by lower catastrophe losses.
- Repurchased $331 million of common shares and paid $80 million in dividends.
- Reinsurance Treaty segment underwriting income was $315 million with an 87.2% combined ratio.
- Global Wholesale & Specialty segment gross written premiums increased 1.6% on a comparable basis.
- Net investment income rose to $567 million from $491 million in the prior year quarter.