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27.10.25 - 23:18
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EVEREST GROUP, LTD. Reveals Fall In Q3 Profit (AFX)
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LONDON (dpa-AFX) - EVEREST GROUP, LTD. (EG) reported earnings for third quarter that Dropped, from last yearThe company's earnings totaled $255 million, or $6.09 per share. This compares with $509......
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27.10.25 - 21:18
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Everest Reports Third Quarter 2025 Results (Business Wire)
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Annualized Total Shareholder Return of 12.3%
Sharpened focus on core business with renewal rights sale of retail commercial insurance business
Reduced future volatility with $1.2 billion ADC, attaching over strengthened reserve balanceHAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today reported its third quarter 2025 results.
Third Quarter 2025 Highlights
Net income of $255 million, equal to $6.09 per diluted share versus third quarter 2024 net income of $509 million, equal to $11.80 per diluted share
Net operating income of $316 million, equal to $7.54 per diluted share versus third quarter 2024 net operating income of $630 million, equal to $14.62 per diluted share
Total Shareholder Return of 12.3% annualized1; Annualized 6.6% Net Income ROE and 8.2% Net Operating Income ROE
$4.4 billion in gross written premium, a year-over-year decrease of 1.2% for the Group...
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27.10.25 - 21:18
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AIG to Acquire Renewal Rights for a Majority of Everest Group′s Retail Insurance Portfolios Worldwide (Business Wire)
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$2 billion of aggregate premium supports EPS and Return on Equity expansionNEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has entered into definitive agreements to acquire the renewal rights for a majority of Everest Group Ltd.'s (NYSE: EG) retail insurance portfolios worldwide, representing in aggregate approximately $2 billion of premium. Exposure to all liabilities will remain with Everest, who will also continue to administer claims with respect to its policies.
"We expect these renewal rights transactions to drive incremental growth in our general insurance portfolio, and we will be able to write these policies within our existing balance sheet with no incremental capital required,” said Peter Zaffino, Chairman & CEO, AIG. “Jim Williamson, President and CEO of Everest Group, and the underwriting team at Everest have done a very good job repositioning Everest's global retail insurance portfolio, and we see these portfolios as very additive ...
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16.10.25 - 22:18
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Everest Appoints Anthony Vidovich as Executive Vice President and General Counsel (Business Wire)
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Experienced insurance executive and trusted advisor joins Everest's leadership team to support its long-term strategyHAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing world-class property, casualty, and specialty reinsurance and insurance solutions, today announced the appointment of Anthony Vidovich as Executive Vice President and General Counsel, effective on or before January 5, 2026.
Mr. Vidovich will report to Jim Williamson, Everest's President and Chief Executive Officer, and will join the Company's Executive Leadership Team. He succeeds Ricardo Anzaldua, who, as previously announced, will retire following a transition period to ensure a seamless handover of responsibilities.
Mr. Vidovich is a seasoned legal and business leader with nearly 30 years of experience across the global property and casualty (re)insurance industry. He was most recently Global Head of Insurance Legal at AIG, advising on legal matters for the company's insurance, ...
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