Everest Group FY 2024 Net Income Drops 45.5%, Premiums Rise

Everest Group’s net income for the full year of 2024 decreased by 45.5%, falling to $1.4 billion, compared to the previous year.

Despite this decline in profitability, the company saw a 9.1% year-on-year (YoY) increase in gross written premiums, totaling $18.2 billion. Reinsurance premiums rose by 12.2%, while insurance premiums grew by 4.0% on a comparable basis.

In a positive development, Everest Group’s net investment income reached a record $2 billion, marking a significant rise of over $500 million from the previous year.

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