What does reinsurance treaty — incurred losses and LAE mean?

Represents the total cost of claims incurred during the period, including both paid losses and changes in loss reserves, plus the associated Loss Adjustment Expenses (LAE). This is a primary measure of the underwriting risk and claims-handling efficiency of the reinsurance treaty segment.

Everest Group (EG) Reinsurance Treaty — Incurred losses and LAE

Screener

Other segment segments

Global Wholesale & Specialty

$453M—

Legacy

$316M—

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%

SIGIInsurance Operations — Loss and loss expense incurred

$816.27M-0.9%

AGOAnnuity Reinsurance Segment — Segment loss and loss adjustment expense (LAE) (benefit)

$0—

AIGGlobal Personal — Losses and loss adjustment expenses incurred

$851M-7.3%

AIGInternational Commercial — Losses and loss adjustment expenses incurred

$1.34B+14.9%

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 reinsurance treaty — incurred losses and LAE?: Everest Group (EG) reported reinsurance treaty — incurred losses and LAE of $1.45B in Q1 2026.
What does reinsurance treaty — incurred losses and LAE mean?: Represents the total cost of claims incurred during the period, including both paid losses and changes in loss reserves, plus the associated Loss Adjustment Expenses (LAE). This is a primary measure of the underwriting risk and claims-handling efficiency of the reinsurance treaty segment.