Everest Q2 net income surges to $670M ($16.26 EPS) from $123M; record operating income $627M

EVEREST GROUP, LTD.

2023-Q2 EPS reported $25.74 revenue$6,936,000,000

Record operating income of $627M vs $386M a year ago; net income $670M vs $123M.
Group combined ratio improved 410 bps to 87.7%; attritional combined ratio 86.7%.
Gross written premium grew 21.3% to $4.18B; Reinsurance GWP record +26.9% (constant currency).
Net investment income rose to $357M from $226M; completed $1.5B public equity offering in May.
Book value per share $251.17; adjusted BVPS ex-URAD $288.64; 25.3% annualized TSR.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EVEREST GROUP, LTD. reported second quarter 2023 results: net income $670 million, EPS $16.26 per diluted share.

Period: second quarter 2023
Net income: $670 million
EPS: $16.26 per diluted share
Result: reported results

Exact text from the filing

On July 26, 2023, the registrant issued a news release announcing its second quarter 2023 results.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

EVEREST GROUP, LTD. filing history →

Source: SEC EDGAR

accession 0001095073-23-000034

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