Everest Group, Ltd. (EG) Earnings Call Transcripts

Everest Group, Ltd.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Everest Group, Ltd. reported a strong performance with operating income of $585 million and an annualized after-tax net operating ROE of 14.9%. Revenue from gross written premiums was $3.7 billion, reflecting a 7% decline year-over-year due to deliberate underwriting choices. Management maintained a disciplined approach to capital allocation, returning over $470 million to shareholders through share repurchases and dividends, and signaled confidence in future performance despite competitive market conditions.

Reported metrics

Guidance from management

Management expects to maintain a quarterly share repurchase floor of $300 million, with potential to exceed this amount based on balance sheet strength and earnings generation.

What management said

Andrew, if I may add. So taking what Jim said, I think the way to think about, at least in the near term, from an attritional loss ratio for the Treaty business, is you should be thinking about it in the mid-50s. And on Global Wholesale & Specialty, it's like where we reported this quarter, I think we'd expect to be in the same neighborhood as where we were this quarter.

Yes. Look, I think overall, it is actually on the Global Wholesale & Specialty side creating opportunities in so far as you are seeing a reaction in terms of rates, particularly around areas like political violence and marine, and we see that as an opportunity. We are obviously an active underwriter in the region. We've taken a very conservative approach during the conflict. But I think on balance, Meyer, I would vie...

What analysts pressed on

Analysts expressed concerns regarding reserve quality due to management turnover, particularly in the casualty segment. There were also questions about the impact of market conditions on future underwriting profitability and the adequacy of pricing in a competitive environment.

Main topics on the call

• Strong Underwriting Performance — Everest's core businesses generated underwriting income of $317 million with a combined ratio of 90%. CEO Jim Williamson noted, "Our discipline focused on profitability delivered a combined ratio of 88.5% and underwritin...
• Strategic Capital Management — The company repurchased approximately $395 million worth of shares, reducing shares outstanding by over 10%. CFO Elias Habayeb stated, "We expect to exceed that amount when appropriate given the strength of our balance s...
• Changes in Reporting Structure — Management announced a shift to consolidated financial results for core businesses, enhancing transparency. This change aims to exclude legacy segments, which are expected to become immaterial contributors to earnings.
• Impact of Market Conditions — Management acknowledged competitive pressures in the property market, with pricing down 15% to 20%. However, they managed to achieve a 10% reduction in their own portfolio, indicating effective risk management strategies...

Read the full Everest Group, Ltd. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Everest Group, Ltd. earnings call transcripts on record, spanning February 11, 2020 to July 30, 2026. Based on this history, Everest Group, Ltd. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EG

Exchange

NYSE

Country

US

Sector

Financials

Industry

Insurance

Calls on record

30

First call

February 11, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly