Everest Group, Ltd. has recently released its 10-Q report, providing a detailed insight into its financial performance for the three and six months ended June 30, 2025. The company, headquartered in Hamilton, Bermuda, operates in the insurance and reinsurance segments, offering a wide range of products and services in the United States, Europe, and internationally.
In the 10-Q report, Everest Group described itself as a global underwriting leader, providing property, casualty, and specialty reinsurance and insurance solutions. The company emphasized its focus on value creation for shareholders and its efforts to diversify its portfolio and geographic presence. Everest Group also highlighted its extensive product and distribution capabilities, strong balance sheet, and access to world-class talent, positioning itself as a preferred reinsurance partner in the markets it serves.
The financial summary provided in the report outlined key figures for the three and six months ended June 30, 2025. Gross written premiums remained relatively constant at $4.7 billion for the three months ended June 30, 2025, compared to the same period in 2024. However, net written premiums increased by 0.8% to $4.1 billion for the three months ended June 30, 2025, driven by higher retention in certain lines of business and the overall mix of business. Revenues for the same period increased by 6.2% to $4.5 billion, primarily attributed to an 8.1% increase in premiums earned.
The report also detailed the company's claims and expenses. Incurred losses and loss adjustment expenses increased by 7.0% to $2.5 billion for the three months ended June 30, 2025, compared to the same period in 2024. The increase was primarily due to higher attritional losses and unfavorable development on prior year attritional losses, partially offset by a decrease in catastrophe losses. Commission, brokerage, taxes, and fees also increased by 11.5% to $880 million for the three months ended June 30, 2025, driven by the impact of increased premiums earned and changes in the mix of business.
Furthermore, the report provided a snapshot of Everest Group's financial position, showing a 6.7% increase in total investments and cash to $44.3 billion and an 8.2% increase in shareholders' equity to $15.0 billion as of June 30, 2025, compared to December 31, 2024.
As a result of these announcements, the company's shares have moved -1.33% on the market, and are now trading at a price of $331.34. For more information, read the company's full 10-Q submission here.
