Everest Group Ltd posted second-quarter 2026 operating income of $585 million and an annualized after-tax net operating return on equity of 14.9%. The company's core businesses, comprising Reinsurance Treaty and Global Wholesale & Specialty, generated underwriting income of $317 million on a combined ratio of 90%, while gross written premium in those core businesses declined approximately 7% year over year on a comparable basis to $3.7 billion. Book value per share excluding unrealized gains and losses grew 12% year over year to roughly $408, and the company returned over $470 million to shareholders through $395 million in share repurchases and dividends. Everest strengthened casualty reserves by nearly $200 million due to elevated loss trends and adverse development in older accident years, and its third-party capital platform, Mt. Logan Capital Management, saw assets under management rise 89% to approximately $3.4 billion as of July 1.
Everest Group LtdStrong operating income, ROE, and shareholder returns despite reserve strengthening.