EG Everest Group
FY2024 10-K
Everest Group (EG) filed its fiscal year 2024 10-K annual report with the SEC on Feb 27, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business model: global underwriting of property and casualty reinsurance and insurance via brokers, direct placement, with diversified geographic and product portfolio
- • New segment created in Q4 2024: "Other" for run-off business including sports and leisure sold October 2024, asbestos/environmental exposures, and discontinued lines
Management Discussion & Analysis
- • Revenue $17.3B in 2024, up 18.5% YoY from $14.6B; gross written premiums $18.2B (+9.6%), net written premiums $15.8B (+7.4%)
- • Operating combined ratio 102.3% in 2024 vs 90.9% in 2023; loss ratio 74.4% vs 62.7%, commission ratio 21.7% vs 22.0%, other underwriting expense ratio 6.2% vs 6.3%
Risk Factors
- • Regulatory/legal risk from A.M. Best rating below A-, triggering reinsurance contract terminations and collateral requirements
- • Geopolitical risk exposure: 29.1% of coverages and 22.7% of investments in non-U.S. currencies (Euro, GBP, CAD) impacting net income via FX fluctuations
Financial SummaryXBRL
Revenue
$17.3B
Net Income
$1.4B
Net Margin
7.9%
ROE
9.9%
Total Assets
$56.3B
EPS (Diluted)
$31.78
Operating Cash Flow
$5.0B
Source: XBRL data from Everest Group FY2024 10-K filing on SEC EDGAR. All figures in USD.
Other Everest Group Annual Reports
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