secwatch.observer — SEC 8-K summary
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Issuer:     EVEREST GROUP, LTD. (EG)
CIK:        0001095073
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001095073-25-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095073/000109507325000038/0001095073-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095073/000109507325000038/everestre-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001095073-25-000038

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