Everest Group recasts Q2 2026 financial metrics in 8-K filing

Everest Group, Ltd. published a recast quarterly financial supplement for the second quarter of 2026 on October 19, 2026, disclosing changes to non-GAAP financial measures in a Form 8-K filed with the U.S. Securities and Exchange Commission. The Bermuda-based insurance company, which trades on the New York Stock Exchange under the ticker symbol EG, updated its investor relations website with prior period data covering the second quarter of 2025 through the second quarter of 2026. The filing was signed by Robert J. Freiling, the company's Senior Vice President and Chief Accounting Officer.

The recast supplement introduces specific refinements to the definition of after-tax net operating income, or After-tax NOI. This change alters the presentation of After-tax NOI return on equity and After-tax NOI per diluted share. Additionally, the company refined the definition of underwriting income and loss to adjust for prior year favorable or unfavorable reserve development on reserves subject to the adverse development cover, or ADC. This adjustment also includes the related amortization of the deferred gain from prior year incurred losses and loss adjustment expenses. These changes were made to better align with the refinement to After-tax NOI, resulting in a modified presentation of the loss ratio and combined ratio.

Everest Group also introduced a new performance measure for the Legacy reporting segment: Net Reserve for losses and loss adjustment expenses before impact of ADC performance. The filing notes that the presentation of gross written premium by line of business results for the Global Wholesale & Specialty reporting segment was revised. The second quarter 2026 recast financial supplement is unaudited.

The information is furnished under Item 7.01, Regulation FD Disclosure, and is not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to its liabilities. Everest Group is incorporated in Bermuda, with its principal executive offices located at Seon Place, 4th Floor, 141 Front Street, Hamilton, Bermuda. The company's IRS Employer Identification Number is 98-0365432, and its Commission File Number is 1-15731.