On a comparable basis, GWP declined 1.2% in reinsurance and 5.7% in insurance. Despite the contraction, Everest delivered a 2025 total shareholder return of 13.1%, with a net income return on equity (ROE) of 10.5% and operating income ROE of 12.4%. The group’s combined ratio for the year was 98.6%, including 91.7% in reinsurance and 114.6% in insurance, with attritional combined ratios of 89.6% for the group, 85.5% for reinsurance, and 100.7% for insurance.

