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?

This represents the total cost of claims and the associated Loss Adjustment Expenses (LAE) incurred by the Legacy segment during a specific period. It includes both paid losses and changes in reserves for future claim payments. It is a critical measure of the segment's underwriting discipline and the accuracy of its actuarial projections.

Everest Group (EG) Legacy — Incurred losses and LAE

Screener

Other segment segments

Reinsurance Treaty

$1.45B—

Global Wholesale & Specialty

$453M—

Similar metrics at other companies

KMPRLife Insurance — Policyholders’ Benefits and Incurred Losses and LAE

$63.5M0.0%

BWINIncurred losses and LAE

$7.13M+84.4%

AIGGlobal Personal — Losses and loss adjustment expenses incurred

$851M-7.3%

AIGInternational Commercial — Losses and loss adjustment expenses incurred

$1.34B+14.9%

AIGNorth America Commercial — Losses and loss adjustment expenses incurred

$1.41B+5.2%

SIGIInvestments — Loss and loss expense incurred

$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$14.31B+3.9%

P/E7×—

P/S0.8×0.0×

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 source filing: Everest Group’s 10-Q, filed May 5, 2026.

Filed: May 5, 2026, 4:28 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001095073-26-000022

(Dollars in millions)	Reinsurance Treaty	Global Wholesale & Specialty	Legacy	Total
Gross written premiums	$2,674	$793	$135	$3,602
Net written premiums	2,405	692	89	3,186
Premiums earned	$2,456	$719	$399	$3,574
Incurred losses and LAE	1,448	453	316	2,217
Commission and brokerage	632	152	41	825
Other underwriting expenses	61	90	65	216
Underwriting gain (loss)	$315	$23	$(22)	$316
Net investment income				567

ITEM 1. FINANCIAL STATEMENTS

FAQ

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?: This represents the total cost of claims and the associated Loss Adjustment Expenses (LAE) incurred by the Legacy segment during a specific period. It includes both paid losses and changes in reserves for future claim payments. It is a critical measure of the segment's underwriting discipline and the accuracy of its actuarial projections.