secwatch.observer — SEC 8-K summary
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Issuer:     EVEREST GROUP, LTD. (EG)
CIK:        0001095073
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001095073-24-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everest Q3 net income $509M vs $678M YoY; expects $300-400M Milton loss in Q4
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- Net income $509M ($11.80/diluted share), down from $678M ($15.63) YoY; net operating income $630M, up from $613M.
- Combined ratio 93.1% (7.9pts catastrophe losses) vs 91.4% (5.0pts) Q3 2023; attritional combined ratio 85.8%.
- Gross written premium $4.4B (+0.6% YoY); net investment income $496M (+22% from $406M).
- Pre-tax underwriting income $272M; Reinsurance combined ratio 91.8%, Insurance 97.1%.
- Hurricane Milton estimated pre-tax net catastrophe loss of $300-400M in Q4 2024 based on $25-35B industry loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095073/000109507324000042/0001095073-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095073/000109507324000042/everestre-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001095073-24-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer