---
schema_version: "secwatch.filing_event.v1"
accession: "0001095073-25-000079"
form_type: "8-K"
ticker: "EG"
cik: "0001095073"
company_name: "EVEREST GROUP, LTD."
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:08:38.947713+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Everest secures $1.2B adverse development cover for North America insurance reserves

## Summary
- Transaction provides $1.2B gross limit against adverse reserve development on Insurance North America policies for accident years 2024 and prior.
- Two layers: $700M first layer (transfer $1.25B in-the-money reserves) and $500M second layer (~$122M consideration).
- Everest retains $100M co-participation in each layer; sole authority to handle and resolve claims.
- Q4 2025 incurred loss of ~$122M from second-layer consideration; agreement effective Oct 1, 2025.
- Gallagher Re acted as sole structuring agent; supported by Longtail Re (Stone Ridge affiliate).

## SEC filing metadata
- accession: 0001095073-25-000079
- form_type: 8-K
- ticker: EG
- cik: 0001095073
- company_name: EVEREST GROUP, LTD.
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095073/000109507325000079/0001095073-25-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095073/000109507325000079/everestre-20251026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095073-25-000079
- JSON: https://secwatch.observer/filing/0001095073-25-000079.json
- Plain text: https://secwatch.observer/filing/0001095073-25-000079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.