Everest Q4 net income $446 million, up from a $593 million loss a year earlier
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.