Every material Form 8-K Everest has filed with the SEC since July 30, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Everest reported third quarter 2026 net income of $233 million, or $6.12 per diluted share, compared with $255 million, or $6.09, a year earlier. The results included $268 million of unfavorable prior-year reserve development and a pre-tax underwriting loss of $223 million for the group, while the company repurchased $474 million of common shares during the quarter.
Net income of $233 million ($6.12 per diluted share) vs. $255 million ($6.09) in Q3 2025
Net operating income of $290 million ($7.62 per diluted share) vs. $316 million ($7.54) in Q3 2025
Group combined ratio affected by $268 million of unfavorable prior-year reserve development; Core businesses combined ratio was 105.8%
Common share repurchases of $474 million in the quarter; book value per share was $381.04 at September 30, 2026
Everest Group posted a recast Q2 2026 quarterly financial supplement on its investor relations website on October 19, 2026, covering prior period data from Q2 2025 through Q2 2026. The changes refine how the company defines after-tax net operating income and underwriting income, which affects reported return on equity, per-share metrics, loss ratio and combined ratio. The filing contains no new financial results, and the recast data is unaudited.
Refined definitions of after-tax net operating income and underwriting income, changing presentation of after-tax NOI return on equity, after-tax NOI per diluted share, loss ratio and combined ratio
Introduced a Net Reserve for losses and loss adjustment expenses before impact of ADC performance measure for the Legacy segment
Revised Global Wholesale & Specialty gross written premium by line of business presentation
Second quarter 2026 recast financial supplement is unaudited
Everest Group reported second quarter 2026 net income of $559 million, or $14.22 per diluted share, down from $680 million, or $16.10 per share, a year earlier. Underwriting results weakened as the group combined ratio rose to 92.0% from 90.4%, while the company repurchased $395 million of its common shares during the quarter.
Net income $559 million, or $14.22 per diluted share, versus $680 million, or $16.10, in Q2 2025
Group combined ratio 92.0% versus 90.4% a year earlier; underwriting income $281 million versus $385 million
Gross written premium $3.8 billion, down 19.4% year over year
Share repurchases of $395 million in the quarter, up from $200 million in Q2 2025
At its May 13, 2026 annual general meeting, Everest Group shareholders elected all 11 director nominees, appointed KPMG as auditor for 2026, approved a non-binding advisory vote on 2025 executive pay, and approved an amendment to the 2020 Stock Incentive Plan. The plan amendment increases the number of common shares available for delivery under the plan by 812,000 shares, which affects potential future share issuance to employees and officers.
Plan amendment adds 812,000 common shares available for delivery under the 2020 Stock Incentive Plan.
KPMG appointed as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 39,914,892 votes for.
Non-binding say-on-pay vote on 2025 executive compensation: 35,258,009 for and 3,086,503 against.
Of 40,021,446 shares represented, each of the 11 director nominees received more votes for than against; John Amore had the most against votes at 4,006,981.
Everest Group reported first quarter 2026 net income of $653 million, or $16.21 per diluted share, up from $210 million, or $4.90 per diluted share, a year earlier. Gross written premium fell 18.5% on a comparable basis to $3.6 billion, and the company repurchased $331 million of common shares during the quarter.
Net income $653 million ($16.21 per diluted share) vs. $210 million ($4.90) in Q1 2025
Net operating income $648 million ($16.08 per diluted share) vs. $276 million ($6.45) in Q1 2025
Combined ratio 91.2% vs. 102.7% a year earlier; pre-tax catastrophe losses $130 million vs. $472 million
Gross written premium $3.6 billion, down 18.5% on a comparable basis; $81.0 million pre-tax expense tied to the sale of Commercial Retail Insurance renewal rights to AIG
On March 22, 2026, Everest Underwriting Group (Ireland) Limited agreed to sell Everest Insurance Company of Canada, which holds the company's Canadian Retail Insurance operations, to The Wawanesa Mutual Insurance Company for CAD 410 million, subject to adjustment. The company describes the sale as a step in its plan to exit Commercial Retail Insurance and focus on Reinsurance and Global Wholesale and Specialty Insurance, and expects the deal to close in the second half of 2026. The filing does not state the sale's effect on earnings or book value.
Buyer is The Wawanesa Mutual Insurance Company; purchase price is CAD 410 million, subject to adjustment
Agreement signed March 22, 2026 and announced in a March 23, 2026 press release
Closing requires Canadian antitrust approval from the Commissioner of Competition and insurance approval from the Minister of Finance
Everest Reinsurance Company (Canadian Branch) will reinsure certain pre-closing liabilities of the unit under a loss portfolio transfer
Everest Group signed a separation and transition services agreement dated March 13, 2026 with former General Counsel Ricardo Anzaldua. The company agreed to pay $7.25 million for accrued payments and other compensation and benefits, and Mr. Anzaldua forfeited previously granted equity awards in exchange for a full release of claims. The filing is a notable governance item for shareholders because it details the terms of a senior officer's exit, though it does not describe a change to financial results.
Agreement dated March 13, 2026 with former Executive Vice President and General Counsel Ricardo Anzaldua
Company agreed to pay $7.25 million in accrued payments and other compensation and benefits
Mr. Anzaldua forfeited previously granted equity awards and will provide advisory services for up to nine months
Non-compete waived upon end of advisory services; employee non-solicit extended six months after employment ends
Everest reported fourth-quarter 2025 net income of $446 million, or $10.77 per diluted share, compared with a net loss of $593 million in the same quarter of 2024. For the full year, net income was $1.6 billion and net operating income was $1.9 billion, and the company repurchased $397 million of its common shares during the quarter.
Q4 2025 net operating income of $549 million, or $13.26 per diluted share, versus a net operating loss of $780 million in Q4 2024
Q4 2025 combined ratio of 98.4%, versus 135.5% in Q4 2024; gross written premium of $4.3 billion fell 8.6% on a comparable basis
Paid $122 million in premium consideration for the second layer of the Adverse Development Cover; recognized a $127.3 million pre-tax benefit from the sale of commercial retail renewal rights to AIG
Everest Group announced that CFO Mark Kociancic will retire, with his employment ending July 31, 2026, after serving as an advisor from May 1, 2026. Elias Habayeb is set to become Executive Vice President and Chief Financial Officer on or about May 1, 2026, so the company plans a handover of the finance chief role.
Elias Habayeb to become EVP and CFO effective on or about May 1, 2026
Kociancic remains through the first quarter 2026 reporting cycle, then serves as special advisor until July 31, 2026
Transition Agreement dated November 25, 2025 includes $3.9 million target bonus and equity eligibility for 2025 service and $3.8 million separation compensation
Non-competition period runs through December 31, 2026
Everest Group said Elias Habayeb, currently CFO of Corebridge Financial, will become Executive Vice President and Group Chief Financial Officer effective on or about May 1, 2026. CFO Mark Kociancic will retire after the first quarter 2026 reporting cycle and stay on as a special advisor during a transition period.
Elias Habayeb has been Corebridge Financial's EVP and CFO since September 2022; he previously held CFO roles at AIG divisions.
Habayeb's filing lists a $910,000 base salary, a 175% target bonus and a 275% target equity award as a percentage of salary.
Sign-on items include $4.9 million in target-value RSUs, $2.5 million in 2026 RSUs, and cash payments of $500,000, $1.5 million and $1.3 million.
Kociancic will retire after the first quarter 2026 reporting cycle, after five years of service.
Everest Group agreed on October 26, 2025 to sell renewal rights for certain commercial property and casualty insurance lines to American International Group (AIG). The U.S. and rest-of-world portion has an aggregate purchase price of $252 million and closed October 26, 2025, while the European Union portion is priced at $49 million and still requires European Commission antitrust approval. The company says the deals sharpen its focus on reinsurance and its Global Wholesale and Specialty Insurance business, and that they will release significant capital over time.
ROW agreement: $252 million purchase price, with the transaction closing on October 26, 2025.
EU agreement: $49 million purchase price, pending European Commission antitrust approval and other customary closing conditions.
Purchase price is adjusted to 15% of actual 2025 premiums written; if renewed premiums fall below 80% of 2025 premiums, Everest may reimburse up to $70 million.
Jason Keen was appointed CEO of Global Wholesale and Specialty Insurance; AIG pays $10 million per month for nine months for transition services.
Everest Group entered into two adverse development reinsurance agreements, dated October 26, 2025 and effective October 1, 2025, that cover future reserve development on its North American Insurance business for accident years 2024 and prior, with a $1.2 billion gross limit. The company will pay consideration at closing, and its press release says the approximately $122 million payment will be reported as an incurred loss in the fourth quarter of 2025, which affects shareholders through a near-term charge. The deal is intended to limit further reserve risk on its US Casualty portfolio, while Everest keeps authority to handle and resolve claims.
Agreements with State National Insurance Company and MS Transverse Insurance Company are dated October 26, 2025, and effective October 1, 2025.
Cover provides $1.2 billion of gross limit against future adverse reserve development on North American Insurance business, supported by Longtail Re.
State National consideration is $250 million Funds Withheld and $1.0 billion of transferred assets; MS Transverse consideration is $122 million of transferred assets.
Everest retains $100 million of co-participation in each layer, and the $122 million payment is to be reported as an incurred loss in Q4 2025.
Everest Group reported third quarter 2025 net income of $255 million, or $6.09 per diluted share, down from $509 million, or $11.80 per diluted share, a year earlier. The group combined ratio rose to 103.4% from 93.1%, driven by $478 million of unfavorable prior-year reserve development, including $361 million of U.S. casualty reserve strengthening in the Insurance segment. The company also entered an adverse development cover and agreed to sell its retail commercial insurance renewal rights to AIG, which it expects to result in a pre-tax non-operating charge of $250 million to $350 million.
Net operating income was $316 million, or $7.54 per diluted share, versus $630 million, or $14.62 per diluted share, in Q3 2024.
Group combined ratio was 103.4% versus 93.1%; Insurance segment combined ratio was 138.1%.
Gross written premium was $4.4 billion, down 1.2% on a comparable basis from a year earlier.
Expected pre-tax non-operating charge of $250 million to $350 million on the AIG renewal rights sale, recognized over 2025 and 2026.
Everest Group announced that Anthony Vidovich will become Executive Vice President and General Counsel, effective on or before January 5, 2026, succeeding Ricardo Anzaldua, who is retiring after a transition period. The change replaces a long-serving legal head with an executive who previously led insurance legal work at AIG, and it is an administrative leadership change that does not include financial results.
Anthony Vidovich appointed Executive Vice President and General Counsel, effective on or before January 5, 2026
Ricardo Anzaldua, Executive Vice President and General Counsel, retiring after a transition period; retirement was first announced September 24, 2025
Vidovich previously Global Head of Insurance Legal at AIG and held executive roles at XL Group/XL Catlin and The Hartford
Everest Group said on September 24, 2025 that Executive Vice President and General Counsel Ricardo Anzaldua intends to retire in the coming months. The company has started a search for a successor, and Mr. Anzaldua will remain in the role during the transition.
Ricardo Anzaldua, EVP and General Counsel, plans to retire in the coming months.
Everest has commenced a search to identify a successor.
Mr. Anzaldua will continue as General Counsel in the interim to support a seamless transition.
He joined Everest in June 2023 and is a member of the Executive Leadership Team.
Everest Group elected Laura J. Hay as an independent director effective August 20, 2025, and she will serve on the Audit and Risk Committees. Hay retired in 2023 as Global Head of Insurance at KPMG LLP; the filing shows her director pay but no financial results or change in company operations.
Laura J. Hay elected independent director effective August 20, 2025
Joins Audit Committee and Risk Committee
Annual retainer of $125,000, pro-rated from election date, plus restricted shares with a fair market value of $325,000
Retired in 2023 as Global Head of Insurance at KPMG LLP; currently serves on the MetLife, Inc. board
Everest Group reported second quarter 2025 results on July 30, 2025. Net income was $680 million, or $16.10 per diluted share, down from $724 million, or $16.70 per diluted share, a year earlier, while net operating income rose to $734 million from $730 million. Underwriting income was $385 million and the combined ratio was 90.4%, compared with $358 million and 90.3% in the prior-year quarter.
Net income of $680 million ($16.10 per diluted share) vs. $724 million ($16.70) in Q2 2024
Net operating income of $734 million ($17.36 per diluted share) vs. $730 million ($16.85) in Q2 2024
Group gross written premium of $4.7 billion, down 0.7% on a comparable basis; Q2 pre-tax catastrophe losses of $20 million vs. $135 million a year earlier
Company repurchased $200 million of common shares in the quarter, and the annualized net income ROE was 18.2%
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