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AI brief of an SEC Form 8-K · Everest (EG)

Everest Q1 net income rises to $653 million; premiums fall 18.5%

Mixed Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyEverest (EG)
Form8-K, current report
Filed with the SECApr 29, 2026, 4:17 PM ET
Accession number0001095073-26-000019

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing 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 April 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.