Everest Q1 net income jumps to $733M from $365M; combined ratio 88.8%

EVEREST GROUP, LTD.

2024-Q1 EPS reported $16.87 revenue$4,133,000,000

Net income $733M ($16.87 diluted EPS) vs $365M ($9.31) YoY; operating income $709M ($16.32).
Combined ratio 88.8%, record underwriting income $409M; net investment income record $457M.
Reinsurance GWP +20.4% constant currency, combined ratio 87.3% (improved 350 bps).
Insurance GWP +9.8% constant currency, combined ratio 93.1% (deteriorated 0.8 pts).
Annualized TSR 18.1%; book value per share $313.55, up from $304.29 Dec 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVEREST GROUP, LTD. reported first quarter 2024 results: net income $733 million, EPS $16.87 per diluted share.

Period: first quarter 2024
Net income: $733 million
EPS: $16.87 per diluted share
Result: reported results

Exact text from the filing

Everest Reports First Quarter 2024 Results Net Income of $733 million and Operating Income of $709 million

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

EVEREST GROUP, LTD. filing history →

Source: SEC EDGAR

accession 0001095073-24-000022

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