Everest Q3 net income $233 million, $6.12 a share; underwriting loss of $223 million
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
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.