Everest | 10-Q: FY2025 Q3 Revenue: USD 4.319 B

LB filings
2025.10.31 20:24
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Revenue: As of FY2025 Q3, the actual value is USD 4.319 B.

EPS: As of FY2025 Q3, the actual value is USD 6.09, missing the estimate of USD 14.2525.

EBIT: As of FY2025 Q3, the actual value is USD -133 M.

Reinsurance Segment

  • Gross Written Premiums: $3,206 million for the three months ended September 30, 2025, and $9,668 million for the nine months ended September 30, 2025.
  • Net Written Premiums: $2,885 million for the three months ended September 30, 2025, and $8,773 million for the nine months ended September 30, 2025.
  • Premiums Earned: $2,892 million for the three months ended September 30, 2025, and $8,835 million for the nine months ended September 30, 2025.
  • Incurred Losses and LAE: $1,678 million for the three months ended September 30, 2025, and $5,673 million for the nine months ended September 30, 2025.
  • Underwriting Gain (Loss): $376 million for the three months ended September 30, 2025, and $717 million for the nine months ended September 30, 2025.

Insurance Segment

  • Gross Written Premiums: $1,147 million for the three months ended September 30, 2025, and $3,706 million for the nine months ended September 30, 2025.
  • Net Written Premiums: $848 million for the three months ended September 30, 2025, and $2,767 million for the nine months ended September 30, 2025.
  • Premiums Earned: $939 million for the three months ended September 30, 2025, and $2,772 million for the nine months ended September 30, 2025.
  • Incurred Losses and LAE: $996 million for the three months ended September 30, 2025, and $2,280 million for the nine months ended September 30, 2025.
  • Underwriting Gain (Loss): -$357 million for the three months ended September 30, 2025, and -$381 million for the nine months ended September 30, 2025.

Other Segment

  • Gross Written Premiums: $22 million for the three months ended September 30, 2025, and $72 million for the nine months ended September 30, 2025.
  • Net Written Premiums: $21 million for the three months ended September 30, 2025, and $68 million for the nine months ended September 30, 2025.
  • Premiums Earned: $24 million for the three months ended September 30, 2025, and $92 million for the nine months ended September 30, 2025.
  • Incurred Losses and LAE: $163 million for the three months ended September 30, 2025, and $250 million for the nine months ended September 30, 2025.
  • Underwriting Gain (Loss): -$149 million for the three months ended September 30, 2025, and -$185 million for the nine months ended September 30, 2025.

Outlook and Strategy

  • Adverse Development Cover Reinsurance Agreements: Entered into agreements effective October 1, 2025, covering North American Insurance and Other Segment liabilities with a total statutory reserve of $5.4 billion.
  • Sale of Renewal Rights: Agreement with AIG to sell renewal rights for certain lines of commercial property and casualty insurance for $252 million, with additional agreements for European Union business for $49 million.
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