Everest Group (EG) Q4 Results: Revenue -$4.6%Y/Y, Profit -$4.1%Y/Y Amid Portfolio Restructuring

Everest Group (NYSE:EG) reported Q4 CY2025 revenue of $4.42B, down 4.6% year-over-year, and non-GAAP profit of $13.26 per share, 4.1% below estimates. The results reflect the sale of its commercial retail business and deliberate reductions in U.S. casualty lines, offset by higher net investment income. CEO James Williamson said gross written premiums declined due to the divestiture and disciplined underwriting in both businesses, with elevated catastrophe losses and adverse development cover adding pressure. CFO Mark Kociancic noted expense ratios are expected to improve as restructuring charges subside. Looking ahead, Everest Group remains focused on a Wholesale and Specialty transition, prudent underwriting, and capital efficiency, with guidance influenced by portfolio optimization and ongoing share repurchases. The stock closed at $326.97, down from $333.42 pre-earnings.