Everest Q1 net income triples to $653M; combined ratio 91.2%, $331M buyback

EVEREST GROUP, LTD.

2026-Q1 EPS reported $16.21 revenue$4,068,000,000

Net income of $653M ($16.21 diluted EPS) vs $210M ($4.90) in Q1 2025; net operating income $648M.
Gross written premium $3.6B, down 18.5% YoY; Reinsurance Treaty down 8.5%, Global Wholesale & Specialty up 1.6%.
Pre-tax underwriting income $316M; combined ratio 91.2% (Reinsurance 87.2%, Global Wholesale 96.8%).
Net investment income $567M vs $491M; catastrophe losses $130M vs $472M in prior year quarter.
Repurchased $331M of common shares; annualized net income ROE 16.8%, operating ROE 16.7%.

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