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StocksMedium•5 May 2026•

1 min read

Everest Group Beats Q1 Estimates and Accelerates Share Buybacks

Key Facts

1Everest Group reported Q1 earnings of $16.08 per share, beating analyst estimates.

2The company increased its buyback floor to $300 million quarterly, with share count down 6.3% year-over-year.

3The company recorded a 91.2% combined ratio and $33 million in favorable reserve development.

Everest Group reported robust financial results for the first quarter, with earnings per share reaching $16.08, significantly beating analyst estimates. The period saw a marked improvement in operational performance, evidenced by a combined ratio of 91.2% and $33 million in favorable reserve development. In a move to bolster shareholder returns, the company increased its share buyback floor to $300 million per quarter, contributing to a 6.3% year-over-year reduction in share count. These results stem from the company's strategic pivot to refocus on its core reinsurance business while divesting underperforming insurance lines. This turnaround strategy underscores EG's commitment to improving margins and enhancing capital efficiency in the current market environment.