Everest Q1 FY26 net income rises to $653 million; revenue falls 4.6% to $4.07 billion

Everest Group, Ltd.

Everest Group, Ltd.

EG

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  • Everest Group posted net income of USD 653 million for the three months ended March 31, 2026, swinging from USD 210 million a year earlier.
  • Revenue edged down 4.6% to USD 4.07 billion, while gross written premiums fell 18% to USD 3.6 billion.
  • Combined ratio narrowed 11.6 percentage points to 91.2%, as incurred losses and loss adjustment expenses dropped 23.4% to USD 2.22 billion.
  • Net investment income climbed 15.5% to USD 567 million, led by a USD 94 million increase in limited partnership income.
  • Commercial retail exit continued, with a March 22 agreement to sell Canadian commercial retail operations for CAD 410 million, expected to close in second half of 2026 pending approvals.


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