Everest Group, Ltd. (EG) Q3 2025 10-Q TL;DR
Financial Performance & Profitability Decline: For the nine months ended September 30, 2025, Net Income plummeted 41.7% YoY to $1.145 Billion (from $1.966B in 2024), translating to Basic EPS of $27.06 (down from $45.40). The sharp decline was driven by significantly higher incurred losses and loss adjustment expenses, which rose to $8.20B (vs. $7.13B prior year). The overall Combined Ratio deteriorated to 98.7% (vs. 90.8% in 2024), and the Total Underwriting Gain fell drastically to $151M (from $1,039M). Q3 Net Income specifically ha
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