Form 10-Q · Quarterly report
Everest Group 10-Q, filed Aug 3, 2026
- Filed
- CIK
- 0001095073
- Accession no.
- 0001095073-26-000032
Summary
Everest Group changed its reportable segments to Reinsurance Treaty, Global Wholesale & Specialty, and Legacy effective January 1, 2026, after selling Commercial Retail Insurance renewal rights to AIG. The Bermuda Monetary Authority formally determined it will become Everest's group supervisor, with Bermuda Re as designated insurer under a transition period ending January 2027, while Everest also launched a Stone Point-backed Bermuda sidecar, Annapurna Re, and agreed to sell its Colombian and Canadian commercial retail insurance operations.
Key points
- Everest Group changed its reportable segments effective January 1, 2026, to Reinsurance Treaty, Global Wholesale & Specialty, and Legacy, after selling Commercial Retail Insurance renewal rights in most regions to AIG.
- The Bermuda Monetary Authority formally determined it will become Everest's group supervisor, designating Everest Reinsurance (Bermuda) Ltd. as the designated insurer under a twelve-month transition ending January 2027, with possible extensions.
- Everest partnered with Stone Point Insurance Solutions to sponsor Annapurna Re Ltd., a Bermuda-based collateralized insurer and reinsurance sidecar, with Stone Point-managed funds as anchor investors.
- Everest agreed to sell its Colombian Commercial Retail Insurance Operations to AIG, expected to close in early 2027, and its Canadian Commercial Retail Insurance operations for C$410 million, expected to close in the second half of 2026, subject to approvals.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview. Everest is a global underwriting leader providing best-in-class property, casualty and specialty reinsurance and insurance solutions. As part of the Standard & Poor’s (“S&P”) 500 Index, we are a leading financial services institution focused on value creation for our shareholders while diversifying our portfolio and geographic presence. Through our direct and indirect subsidiaries operating in the U.S. …
An excerpt of the text as filed with the SEC, cut for length.
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