secwatch.observer — SEC 8-K summary
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Issuer:     EVEREST GROUP, LTD. (EG)
CIK:        0001095073
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001095073-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everest Group Q4 net income $804M, operating income $1.1B; full-year record net income $2.5B, 20.9% ROE
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- Record annual net income of $2.5 billion; operating income of $2.8 billion; TSR 26.5%.
- Q4 gross written premium $4.3B, up 18.3% YoY; Reinsurance combined ratio 78.8% (86.4% for full year).
- Pre-tax catastrophe losses $143M in Q4; insurance segment strengthened reserves $392M for long-tail lines (social inflation).
- Net investment income record $1.4B in 2023; Q4 $411M (up 95% YoY). Sold $3.3B lower-yielding bonds to reinvest at higher rates.
- Book value per share ex-AFS URAD $320.95, up 23.8% YoY; quarterly dividend $1.75/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095073/000109507324000005/0001095073-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095073/000109507324000005/everestre-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001095073-24-000005

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