What is Everest Group's legacy — underwriting income (loss)?

Everest Group (EG) reported legacy — underwriting income (loss) of -$22M in Q1 2026.

What does legacy — underwriting income (loss) mean?

This is the profit or loss generated by the Legacy segment from its core underwriting activities, calculated as earned premiums minus losses, LAE, and underwriting expenses. It excludes investment income, providing a pure measure of the segment's ability to price risk profitably. It is the primary indicator of the segment's operational success.

Everest Group (EG) Legacy — Underwriting Income (Loss)

Screener

Other segment segments

Reinsurance Treaty

$315M—

Global Wholesale & Specialty

$23M—

Similar metrics at other companies

GLREInnovations — Underwriting Income (Loss)

-$572K-154%

SPNTReinsurance — Underwriting Income (Loss)

$19.6M-30.2%

GLREOpen Market — Underwriting Income (Loss)

$6.76M+176%

SKWDApollo Segment — Underwriting Income (Loss)

$80.14M—

SPNTInsurance & Services — Underwriting Income (Loss)

$35.4M-10.4%

AIGGlobal Personal — Underwriting Income (Loss)

$114M+356%

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:UnderwritingIncomeLoss.

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
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
Net gains (losses) on investments				(10)
Corporate expenses				(38)
Interest, fee and bond issue cost amortization expense				(36)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Everest Group's legacy — underwriting income (loss)?: Everest Group (EG) reported legacy — underwriting income (loss) of -$22M in Q1 2026.
What does legacy — underwriting income (loss) mean?: This is the profit or loss generated by the Legacy segment from its core underwriting activities, calculated as earned premiums minus losses, LAE, and underwriting expenses. It excludes investment income, providing a pure measure of the segment's ability to price risk profitably. It is the primary indicator of the segment's operational success.