Everest Q3 net income $678M vs loss $319M YoY; combined ratio 91.4% vs 112.0%

EVEREST GROUP, LTD.

2023-Q3 EPS reported $41.49 revenue$10,927,000,000

Net income $678M ($15.63/diluted share) vs net loss $319M in Q3 2022; operating income $613M ($14.14/diluted share).
Combined ratio improved to 91.4% from 112.0% YoY; catastrophe losses fell to $170M from $730M.
Gross written premium grew 23.4% constant currency to $4.4B; Reinsurance GWP +32.7% constant, a record quarter.
Net investment income $406M, up from $151M YoY; operating cash flow record $1.4B.
Book value per share $258.71 (up from $215.54 Dec 2022); ROE 21.2% net income, 19.2% operating.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EVEREST GROUP, LTD. reported third quarter 2023 results: net income Net Income of $678 million, EPS $15.63 per diluted share.

Period: third quarter 2023
Net income: Net Income of $678 million
EPS: $15.63 per diluted share
Result: reported results

Exact text from the filing

Everest Reports Third Quarter 2023 Results Net Income of $678 million and Operating Income of $613 million

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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 0001095073-23-000045

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