Jun 2026 (Q2 FY26) — Jul 30, 2026
Everest Group Q2 FY26 — Strong Underwriting and Capital Generation, Increased Share Repurchases
Read the full callEverest Group (EG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Everest Group earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,961 | −11.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 559 | −17.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
17 of 20 judged targets kept · 44 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Baltimore bridge incremental loss reserve | A few tens of millions of dollars of additional reserve in Q2 or Q3 FY26 if preliminary settlement indications prove correct | Mar 2026 | we did increase our reserves for the Baltimore bridge matter, and we increased it by about $55 million. | Achieved |
| Global Wholesale & Specialty all-in combined ratio | Mid-90s all-in combined ratio for full-year 2026 | Dec 2025 | While underwriting profitability was strong this quarter, we continue to expect this business to deliver combined ratios in the mid to high 90s in the near term. | Diluted |
| Capital release from retail insurance exit and runoff | Substantial capital relief to become more visible in the second half of 2026 | Sep 2025 | we've got over $1 billion of capital sitting behind legacy. That amount will free up over time as the reserves and legacy come down. | On Track |
3 of EVEREST GROUP, LTD.'s 64 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 61 more targets are in the full ledger.
Claimed
- Operating income reached $585 million, contributing to an annualized after-tax net operating ROE of 14.9%.
- Book value per share, excluding unrealized gains and losses, grew 12% year-over-year to $408.
- Core businesses (Reinsurance Treaty and Global Wholesale & Specialty) generated underwriting income of $317 million on a combined ratio of 90%.
- The company repurchased 1.2 million shares for $395 million at an average price of $342/share in Q2, contributing to $1.5 billion in repurchases since January 2025, reducing shares outstanding by over 10%.
- Net investment income was strong at $523 million, with a book yield of 4.5% and new money yield closer to 5%.
Qualified
- Market property pricing was down 15-20% at the 6/1 and 7/1 renewals, though Everest's portfolio saw a more limited 10% decline.
- Casualty lines in Reinsurance Treaty experienced a 19% decrease in gross written premium year-over-year.
- The industry loss estimate for the Baltimore bridge collapse increased by $55 million, and North America casualty reserves were strengthened by just under $200 million.
- The core businesses' expense ratio increased to 5.1%, and Global Wholesale & Specialty's underwriting-related expense ratio rose to 12.6%.
Price
$390.49 +0.36% · +$1.39
Performance +11.8% 1Y
1Y: $349.13 on 17 Oct 2025 → $390.49. High $398.7 (28 Jul 2026), low $304.91 (28 Oct 2025).
- Previous close
- $389.1
- 52-week range
- $304.91 – $398.7
- One year
- +11.27%
Overview
- Symbol
- EG
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
17 of 20 judged targets kept · 44 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Baltimore bridge incremental loss reserve | A few tens of millions of dollars of additional reserve in Q2 or Q3 FY26 if preliminary settlement indications prove correct | Mar 2026 | we did increase our reserves for the Baltimore bridge matter, and we increased it by about $55 million. | Achieved |
| Global Wholesale & Specialty all-in combined ratio | Mid-90s all-in combined ratio for full-year 2026 | Dec 2025 | While underwriting profitability was strong this quarter, we continue to expect this business to deliver combined ratios in the mid to high 90s in the near term. | Diluted |
| Capital release from retail insurance exit and runoff | Substantial capital relief to become more visible in the second half of 2026 | Sep 2025 | we've got over $1 billion of capital sitting behind legacy. That amount will free up over time as the reserves and legacy come down. | On Track |
Claimed
- Operating income reached $585 million, contributing to an annualized after-tax net operating ROE of 14.9%.
- Book value per share, excluding unrealized gains and losses, grew 12% year-over-year to $408.
- Core businesses (Reinsurance Treaty and Global Wholesale & Specialty) generated underwriting income of $317 million on a combined ratio of 90%.
- The company repurchased 1.2 million shares for $395 million at an average price of $342/share in Q2, contributing to $1.5 billion in repurchases since January 2025, reducing shares outstanding by over 10%.
- Net investment income was strong at $523 million, with a book yield of 4.5% and new money yield closer to 5%.
Qualified
- Market property pricing was down 15-20% at the 6/1 and 7/1 renewals, though Everest's portfolio saw a more limited 10% decline.
- Casualty lines in Reinsurance Treaty experienced a 19% decrease in gross written premium year-over-year.
- The industry loss estimate for the Baltimore bridge collapse increased by $55 million, and North America casualty reserves were strengthened by just under $200 million.
- The core businesses' expense ratio increased to 5.1%, and Global Wholesale & Specialty's underwriting-related expense ratio rose to 12.6%.
The full ledger
Open EVEREST GROUP, LTD.’s full ledger
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Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Everest Group Q1 FY26 — Strong Underwriting, Accelerated Capital Return, and Strategic Repositioning
Read the full callEvery analysed call
Everest Group earnings calls (EG)
Financials
What the filings say
Net profit, year on year: −18% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,285 | 4,636 | 4,263 | 4,491 | 4,319 | 4,423 | 4,068 | 3,961 |
| Profit before tax | 577 | -748 | 248 | 815 | 269 | 555 | 736 | 683 |
| Tax rate | 11.8% | 20.7% | 15.7% | 16.6% | 5.2% | 19.5% | 11.3% | 18.2% |
| Net profit | 509 | -593 | 210 | 680 | 255 | 446 | 653 | 559 |
| EPS ($ per share) | 11.80 | — | 4.90 | 16.10 | 6.09 | — | 16.21 | 14.22 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 9,531 | 10,307 | 10,567 | 11,700 | 12,042 | 14,270 | 15,309 | 16,565 |
| Total liabilities | 16,890 | 18,191 | 22,985 | 28,046 | 31,525 | 36,197 | 42,466 | 47,054 |
| Investments | 3 | 2 | 1 | 3 | 4 | 2 | 331 | — |
| Total assets | 24,751 | 27,324 | 32,712 | 38,185 | 39,966 | 49,399 | 56,341 | 62,514 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 610 | 1,852 | 2,874 | 3,833 | 3,695 | 4,553 | 4,957 | 3,068 |
| Cash from investing | -280 | -1,412 | -3,683 | -3,869 | -3,418 | -5,902 | -4,478 | -2,096 |
| Cash from financing | -317 | -276 | 800 | 674 | -359 | 1,409 | -383 | -1,175 |
| Net cash flow | 21 | 152 | -6 | 639 | -42 | 38 | 112 | -231 |
EG operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Assets under management (AUM) Mt. Logan | $2.6B+Logan continues to build momentum with assets under management now exceeding $2.6 billion.Source: earnings call transcript | ~$3.4BLogan Capital Management, has approximately $3.4 billion of AUM as of July 1, up 89% from the beginning of 2025.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
69 filings between Oct 29, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$4.45M
2 purchases by 2 insiders
Sales
$272.7K
1 sale by 1 insider
Compensation
not trading decisions- 36
- Award — granted as compensation
- 29
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| GALTNEY WILLIAM F JR | $3.50M | — | Oct 29, 2025 |
| Levine Allan | $948.8K | — | Oct 29, 2025 |
| Keen Jason | — | $272.7K | May 7, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Howard John M Director | Award | 85 | $31.1K |
| Oct 1, 2026 | Keen Jason EVP & CEO of GW & S Division | Tax withheld | 456 | $167.1K |
| Oct 1, 2026 | Page Alan Darryl Director | Award | 85 | $31.1K |
| Oct 1, 2026 | Levine Allan Director | Award | 85 | $31.1K |
| Oct 1, 2026 | Beggs Jill EVP and CEO of Reinsurance | Tax withheld | 496 | $181.8K |
| Oct 1, 2026 | HARTZBAND MERYL D Director | Award | 85 | $31.1K |
| Jul 1, 2026 | Levine Allan Director | Award | 86 | $31.0K |
| Jul 1, 2026 | Howard John M Director | Award | 86 | $31.0K |
| Jul 1, 2026 | HARTZBAND MERYL D Director | Award | 86 | $31.0K |
| May 12, 2026 | Habayeb Elias F. EVP & CFO | Award | 7,128 | $2.50M |
| May 12, 2026 | Habayeb Elias F. EVP & CFO | Award | 13,970 | $4.90M |
| May 7, 2026 | Keen Jason EVP & CEO of GW & S Division | Sale | 775 | $272.7K |
| Apr 1, 2026 | Levine Allan Director | Award | 96 | $31.2K |
| Apr 1, 2026 | Howard John M Director | Award | 96 | $31.2K |
| Apr 1, 2026 | Page Alan Darryl Director | Award | 96 | $31.2K |
| Apr 1, 2026 | HARTZBAND MERYL D Director | Award | 96 | $31.2K |
| Mar 13, 2026 | Beggs Jill EVP and CEO of Reinsurance | Award | 684 | $220.8K |
| Mar 13, 2026 | KOCIANCIC MARK EVP & CFO | Tax withheld | 701 | $226.3K |
| Mar 13, 2026 | KOCIANCIC MARK EVP & CFO | Award | 1,369 | $442.0K |
| Mar 13, 2026 | WILLIAMSON JAMES ALLAN President and CEO | Tax withheld | 634 | $204.7K |
| Mar 13, 2026 | Beggs Jill EVP and CEO of Reinsurance | Tax withheld | 350 | $113.0K |
| Mar 13, 2026 | WILLIAMSON JAMES ALLAN President and CEO | Award | 1,129 | $364.5K |
| Mar 2, 2026 | Freiling Robert J SVP&Chief Accounting Officer | Tax withheld | 81 | $27.4K |
| Mar 2, 2026 | Anzaldua Ricardo Insider | Tax withheld | 184 | $62.2K |
| Mar 2, 2026 | Anzaldua Ricardo Insider | Tax withheld | 256 | $86.5K |
| Mar 2, 2026 | WILLIAMSON JAMES ALLAN President and CEO | Tax withheld | 2,060 | $696.3K |
| Mar 2, 2026 | Beggs Jill EVP and CEO of Reinsurance | Tax withheld | 213 | $72.0K |
| Mar 2, 2026 | Beggs Jill EVP and CEO of Reinsurance | Tax withheld | 247 | $83.5K |
| Mar 2, 2026 | KOCIANCIC MARK EVP & CFO | Tax withheld | 1,442 | $487.4K |
| Mar 2, 2026 | WILLIAMSON JAMES ALLAN President and CEO | Tax withheld | 673 | $227.5K |
| Mar 2, 2026 | Freiling Robert J SVP&Chief Accounting Officer | Tax withheld | 87 | $29.4K |
| Mar 2, 2026 | KOCIANCIC MARK EVP & CFO | Tax withheld | 737 | $249.1K |
| Feb 26, 2026 | GALTNEY WILLIAM F JR Director | Award | 960 | $325.1K |
| Feb 26, 2026 | HARTZBAND MERYL D Director | Award | 960 | $325.1K |
| Feb 26, 2026 | Howard John M Director | Award | 960 | $325.1K |
| Feb 26, 2026 | Levine Allan Director | Award | 960 | $325.1K |
| Feb 26, 2026 | Hay Laura J Director | Award | 960 | $325.1K |
| Feb 26, 2026 | Singer Roger M. Director | Award | 960 | $325.1K |
| Feb 26, 2026 | McNeilage Hazel Director | Award | 960 | $325.1K |
| Feb 26, 2026 | Amore John J Director | Award | 960 | $325.1K |
| Feb 26, 2026 | GRAF JOHN A Director | Award | 960 | $325.1K |
| Feb 26, 2026 | WILLIAMSON JAMES ALLAN President and CEO | Award | 7,751 | $2.63M |
| Feb 26, 2026 | KOCIANCIC MARK EVP & CFO | Award | 3,691 | $1.25M |
| Feb 26, 2026 | Beggs Jill EVP and CEO of Reinsurance | Award | 1,477 | $500.2K |
| Feb 26, 2026 | Freiling Robert J SVP&Chief Accounting Officer | Award | 752 | $254.7K |
| Feb 26, 2026 | Page Alan Darryl Director | Award | 960 | $325.1K |
| Feb 26, 2026 | Vidovich Anthony EVP and General Counsel | Award | 5,315 | $1.80M |
| Feb 26, 2026 | Vidovich Anthony EVP and General Counsel | Award | 1,846 | $625.2K |
| Feb 26, 2026 | Losquadro Geraldine Director | Award | 960 | $325.1K |
| Feb 23, 2026 | WILLIAMSON JAMES ALLAN President and CEO | Tax withheld | 293 | $100.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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