What does reinsurance treaty — underwriting income (loss) mean?

Represents the profit or loss generated by the reinsurance treaty segment, calculated as premiums earned minus incurred losses, LAE, and all underwriting expenses. This is the primary measure of the segment's core operational profitability before investment income.

Everest Group (EG) Reinsurance Treaty — Underwriting Income (Loss)

Screener

Other segment segments

Global Wholesale & Specialty

$23M—

Legacy

-$22M—

Similar metrics at other companies

SPNTReinsurance — Underwriting Income (Loss)

$19.6M-30.2%

SPNTInsurance & Services — Underwriting Income (Loss)

$35.4M-10.4%

GLREInnovations — Underwriting Income (Loss)

-$572K-154%

GLREOpen Market — Underwriting Income (Loss)

$6.76M+176%

SKWDApollo Segment — Underwriting Income (Loss)

$80.14M—

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

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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

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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 reinsurance treaty — underwriting income (loss)?: Everest Group (EG) reported reinsurance treaty — underwriting income (loss) of $315M in Q1 2026.
What does reinsurance treaty — underwriting income (loss) mean?: Represents the profit or loss generated by the reinsurance treaty segment, calculated as premiums earned minus incurred losses, LAE, and all underwriting expenses. This is the primary measure of the segment's core operational profitability before investment income.