EarningsQ2 2026 Earnings Report
MX:EGN Q2 2026 EPS Results
Actual EPS$269.95
Consensus EPS$263.98
Beat/MissBeat by +$5.96
One Year Ago EPS$315.57
MX:EGN Q2 2026 Revenue Results
Actual Revenue$71.99B
Expected Revenue$72.59B
Beat/MissMissed by -$609.30M
YoY Revenue Growth-11.82%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:EGN Upcoming Earnings
Everest Group's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EGN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes strong profitability, disciplined underwriting, capital returns and strategic initiatives (book value growth +12%, ROE 14.9%, $585M operating income, robust buybacks and third-party capital growth). These positive results are balanced against proactive reserve strengthening (~$255M), soft market pricing in property (market down 15%–20%), targeted declines in GWP (core ~7% YoY) and modest investment income headwinds. Management framed the actions as deliberate and confidence-inspiring (capital flexibility, sidecar launch, enhanced disclosure), indicating the company is positioned to navigate cycle risks while returning capital. Overall, positives from earnings, capital generation and strategic execution outweigh the near-term headwinds tied to reserves, cat/weather losses and market softness.Company Guidance
Strong Operating Income and Returns
Operating income of $585 million for the quarter; annualized after-tax net operating ROE of 14.9%; annualized total shareholder return of 16.8%.
Book Value and EPS Growth
Book value per share (excluding unrealized gains and losses) grew ~12% year-over-year to roughly $408; after-tax net operating EPS of $14.85 for the quarter.
Core Underwriting Profitability
Core businesses (Reinsurance Treaty and Global Wholesale & Specialty) generated underwriting income of $317 million on a core combined ratio of 90% (inclusive of $85 million of catastrophe losses).
Reinsurance Treaty Performance
Reinsurance Treaty produced underwriting income of $283 million with a combined ratio of 88.5%; excluding weather-related losses, attritional loss ratio improved to 54.4% (a ~130 bps improvement YoY).
Gross Written Premium and Disciplined Growth
Core gross written premium of $3.7 billion; management emphasizes deliberate underwriting choices and portfolio mix optimization rather than chasing top-line growth (comparable GWP decline of ~7% YoY driven by discipline).
Third-Party Capital and Sidecar Launch
Mount Logan AUM grew to ~$3.4 billion as of July 1, up 89% from the beginning of 2025; launched the Annapurna Re casualty & specialty sidecar and expect to cede roughly $200 million of premium per quarter to it, adding capital flexibility and fee income.
Investment Income and Yield
Net investment income of $523 million for the quarter; book yield of 4.5% with new-money yields closer to ~5%.
Aggressive Share Repurchases and Capital Return
Since Jan 2025, $1.5 billion deployed to repurchases reducing shares outstanding by over 10%; Q2 repurchased ~1.2 million shares for ~$395 million at an average price of $342; management expects a $300 million quarterly repurchase floor and the ability to exceed it.
Underwriting Margin Improvements in Specialty
Global Wholesale & Specialty saw attritional loss ratio improve ~390 bps to 60.6% (year-over-year) and delivered margin expansion in targeted specialty and international niches.
Reserve and Reporting Transparency Initiatives
Management is enhancing disclosure (global loss triangles, consolidated core business reporting) and revising after-tax net operating income definition to align with peers and improve comparability.
MX:EGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed