Everest Group, Ltd., a Bermuda-based reinsurance and insurance organization, reported a net income of $1.6 billion for the year ended December 31, 2025, a 15.9% increase compared to $1.4 billion in 2024. The company's gross written premiums decreased by 2.9% to $17.7 billion, with reinsurance contributing 72.4% and insurance 27.1%. Shareholders' equity stood at $15.5 billion, and total assets reached $62.5 billion as of December 31, 2025.
The company's financial performance was influenced by several factors, including a $657 million unfavorable development of prior-year loss reserves, primarily in excess casualty and U.S. liability lines. Net investment income increased by 8.7% to $2.1 billion, driven by higher income from fixed maturities and limited partnerships. The combined ratio improved to 98.6% from 102.3% in the previous year, reflecting a lower loss ratio.
Strategic developments included the sale of renewal rights for certain commercial retail insurance businesses to American International Group, Inc. (AIG) for $252 million, plus an additional $30 million for originating and structuring the transaction. AIG also agreed to pay $10 million per month for nine months for transition services. These transactions are expected to sharpen the company's focus on its core global reinsurance and wholesale/specialty insurance businesses. The renewal rights sold represent an estimated $2 billion of aggregate gross premiums written.
Operationally, Everest Group entered into adverse development reinsurance agreements with State National Insurance Company, Inc. and MS Transverse Insurance Company, supported by Longtail Re, to reinsure potential adverse loss development for accident years 2024 and prior, up to a gross limit of $1.2 billion. The company's employee headcount was 3,064 as of February 1, 2026. The company's active operating subsidiaries are rated A+ ("Superior") by A.M. Best. The company's underwriting strategies emphasize disciplined underwriting, prioritizing underwriting profitability over premium volume and flexibility to adjust and respond to changing market conditions.
About EVEREST GROUP, LTD.
Everest Group, Ltd. is a Bermuda-based reinsurance and insurance company serving global markets. It underwrites property, casualty, specialty, and life reinsurance and insurance products through its subsidiaries across more than 100 countries. Known for strong financial strength and diversified risk portfolio, Everest provides tailored solutions to insurance companies, multinational corporations, and brokers, emphasizing disciplined underwriting, risk management, and global presence.
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