Everest Q1 operating income up 60% to $709mn on record UW revenue and investments

Published: Thu 16 May 2024
Everest Group’s operating income increased 60.0 percent to $709mn in Q1 2024 as it benefited from a combination of both a record pre-tax underwriting gain and strong net investment income generation, with the (re)insurer reporting earnings that were comfortably ahead of analysts’ consensus forecast.