What is Everest Group's legacy — incurred losses and LAE?

Everest Group (EG) reported legacy — incurred losses and LAE of $316M in Q1 2026.

What does legacy — incurred losses and LAE mean?

The total cost of claims and the expenses related to investigating and settling those claims for the Legacy segment.

How do you interpret legacy — incurred losses and LAE?

Lower incurred losses relative to earned premiums indicate superior underwriting performance and effective risk selection.

How does legacy — incurred losses and LAE compare across companies?

Comparable to Incurred Losses and LAE reported by all property and casualty insurers.

Everest Group EG Legacy — Incurred losses and LAE

Other segment segments

Reinsurance Treaty

$1.45B—

Global Wholesale & Specialty

$453M—

Similar metrics at other companies

EQHLegacy — Benefits, Losses And Expenses, Adjusted

$58M-17.1%

EQHLegacy — Policyholders’ benefits

$0—

EQHLegacy — All other operating expense

-$274M-14.9%

HIGEmployee Benefits — Benefits, Losses and Loss Adjustment Expenses

$1.17B+0.2%

RNROther — Benefits, Claims, Losses and Settlement Expenses

$0—

MKLOther — Net losses and loss adjustment expenses

$0—

Other financials

Income statement

See full

Revenue$4.1B-4.6%

Net income$653.0M+211%

EPS (diluted)$16.21+231%

Balance sheet

See full

Cash & equivalents$1.4B-9.7%

Total debt$196.0M+55.6%

Total equity$15.3B+8.1%

Total assets$62.3B+7.2%

Cash flow

See full

Operating cash flow$649.0M-30.1%

Valuation

See full

Market cap$13.28B-15.4%

P/E6.5×—

P/S0.8×-0.1×

Profitability

See full

Net margin11.8%—

Returns & leverage

See full

Return on equity13.8%—

Debt / equity0×0.0×

Where this comes from

Reported directly by Everest Group in its filing.

Tagged under the XBRL concept us-gaap:PolicyholderBenefitsAndClaimsIncurredNet.

The official record: Everest Group’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Everest Group's legacy — incurred losses and LAE?: Everest Group (EG) reported legacy — incurred losses and LAE of $316M in Q1 2026.
What does legacy — incurred losses and LAE mean?: The total cost of claims and the expenses related to investigating and settling those claims for the Legacy segment.
How do you interpret legacy — incurred losses and LAE?: Lower incurred losses relative to earned premiums indicate superior underwriting performance and effective risk selection.
How does legacy — incurred losses and LAE compare across companies?: Comparable to Incurred Losses and LAE reported by all property and casualty insurers.