EVEREST GROUP, LTD. — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Everest reported Q3 2026 net income of $233M ($6.12/share) vs. $255M ($6.09/share) YoY. Core business gross written premiums declined 4.0% YoY to $3.7B; Reinsurance Treaty down 6.2%, Global Wholesale up 3.2%. Company took $268M net unfavorable prior-year reserve development (primarily $600M casualty reserve strengthening in Treaty segment). Repurchased $474M of stock in Q3 (1.27M shares) and $1.2B YTD (3.43M shares). Book value per share $381.04 vs. $379.83 year-end. Investment income rose to $634M from $540M YoY.
Why this rating
Reserve charges ($268M) and premium decline material to earnings but manageable within $14.3B cap base; capital return signals confidence; investment gains offset underwriting pressure.
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