Everest Q1 net income falls to $210M from $733M; catastrophe losses $472M

EVEREST GROUP, LTD.

2025-Q1 EPS reported $4.90 revenue$4,263,000,000

Net income $210M ($4.90 diluted EPS) vs $733M ($16.87) Q1 2024; net operating income $276M ($6.45) vs $709M ($16.32).
Combined ratio 102.7% (13.9 pts catastrophe losses) vs 88.8% (2.3 pts) prior year. Pre-tax cat losses $472M vs $85M.
Reinsurance combined ratio 103.3%, Insurance 100.5%. Attritional combined ratios: Group 90.2%, Reinsurance 87.1%.
Gross written premium $4.4B, down 2% YoY; double-digit growth in property/specialty offset by casualty reductions.
Net investment income $491M (+7.4% YoY); share repurchases $200M in quarter.

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