Everest Group Falls on Lower 3Q Profit, Plans to Sell Unit Renewal Rights

Dow Jones

Oct 28, 2025

By Kelly Cloonan

Shares of Everest Group slipped after the underwriter logged lower profit in its latest quarter and said it plans to sell its renewal rights for its retail commercial insurance business.

The stock slid 6.6%, to $321.39, in after-hours trading Monday. Shares are down 5.1% this year through market close.

The Bermuda company posted a profit of $255 million, or $6.09 a share, in its latest quarter, compared with $509 million, or $11.80 a share, a year earlier.

Adjusted earnings per share were $7.54, below estimates of $14.63 a share according to analysts polled by FactSet.

Revenue rose to $4.32 billion compared with $4.29 billion a year ago. Analysts expected $4.45 billion.

Everest also said it has agreed to sell the rights to renew its U.S., U.K., European, and Asia-Pacific commercial retail insurance businesses to AIG. The businesses total an estimated $2 billion in gross premiums written, Everest said.

The transaction is a result of strategic review of the company, and will provide further flexibility for share repurchases and investments in talent, technology and data, Chief Executive Jim Williamson said.

The company expects the transition process to begin in the current quarter. It estimates a pre-tax non-operating charge of $250 million to $350 million in connection with the transaction, which would be recognized over this year and next year.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

October 27, 2025 17:45 ET (21:45 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares are down 5.1% this year through market close. \n</p>\n<p>\n  The Bermuda company posted a profit of $255 million, or $6.09 a share, in its latest quarter, compared with $509 million, or $11.80 a share, a year earlier. \n</p>\n<p>\n  Adjusted earnings per share were $7.54, below estimates of $14.63 a share according to analysts polled by FactSet. \n</p>\n<p>\n  Revenue rose to $4.32 billion compared with $4.29 billion a year ago. Analysts expected $4.45 billion. \n</p>\n<p>\n  Everest also said it has agreed to sell the rights to renew its U.S., U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>., European, and Asia-Pacific commercial retail insurance businesses to AIG. 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It estimates a pre-tax non-operating charge of $250 million to $350 million in connection with the transaction, which would be recognized over this year and next year. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 27, 2025 17:45 ET (21:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Everest Group Falls on Lower 3Q Profit, Plans to Sell Unit Renewal Rights</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEverest Group Falls on Lower 3Q Profit, Plans to Sell Unit Renewal Rights\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-28 05:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Kelly Cloonan \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/EG\">Everest Group</a> slipped after the underwriter logged lower profit in its latest quarter and said it plans to sell its renewal rights for its retail commercial insurance business. \n</p>\n<p>\n  The stock slid 6.6%, to $321.39, in after-hours trading Monday. 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The businesses total an estimated $2 billion in gross premiums written, Everest said. \n</p>\n<p>\n  The transaction is a result of strategic review of the company, and will provide further flexibility for share repurchases and investments in talent, technology and data, Chief Executive Jim Williamson said. \n</p>\n<p>\n  The company expects the transition process to begin in the current quarter. It estimates a pre-tax non-operating charge of $250 million to $350 million in connection with the transaction, which would be recognized over this year and next year. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 27, 2025 17:45 ET (21:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0077335932.USD","symbol_name":"FIDELITY AMERICAN GROWTH \"A\" INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2578719406","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2578719406","pubTimestamp":1761601500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Everest Group slipped after the underwriter logged lower profit in its latest quarter and said it plans to sell its renewal rights for its retail commercial insurance business.The stock slid 6.6%, to $321.39, in after-hours trading Monday. 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The businesses total an estimated $2 billion in gross premiums written, Everest said.The transaction is a result of strategic review of the company, and will provide further fl","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4019":"再保险","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","EG":"Everest Group","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"珠穆朗玛峰集团第三季度利润下降，计划出售单位续签权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EG":1.5},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Shares of Everest Group slipped after the underwriter logged lower profit in its latest quarter and said it plans to sell its renewal rights for its retail commercial insurance business. \n\n\n  The stock slid 6.6%, to $321.39, in after-hours trading Monday. Shares are down 5.1% this year through market close. \n\n\n  The Bermuda company posted a profit of $255 million, or $6.09 a share, in its latest quarter, compared with $509 million, or $11.80 a share, a year earlier. \n\n\n  Adjusted earnings per share were $7.54, below estimates of $14.63 a share according to analysts polled by FactSet. \n\n\n  Revenue rose to $4.32 billion compared with $4.29 billion a year ago. Analysts expected $4.45 billion. \n\n\n  Everest also said it has agreed to sell the rights to renew its U.S., U.K., European, and Asia-Pacific commercial retail insurance businesses to AIG. The businesses total an estimated $2 billion in gross premiums written, Everest said. \n\n\n  The transaction is a result of strategic review of the company, and will provide further flexibility for share repurchases and investments in talent, technology and data, Chief Executive Jim Williamson said. \n\n\n  The company expects the transition process to begin in the current quarter. It estimates a pre-tax non-operating charge of $250 million to $350 million in connection with the transaction, which would be recognized over this year and next year. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 27, 2025 17:45 ET (21:45 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}