Everest Group Ltd 2026年季度报告

For the quarterly period endedMarch31, 2026 Commissionfile number 1-15731 441-295-0006(Registrant’s telephone number, including area code) Not Applicable(Former name, former address and formerfiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) hasfiled all reports required to befiled by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject tosuchfiling requirements for the past 90 days. Yes Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit suchfiles). YesXNo Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reporting company oran emerging growth company. See the definitions of “large acceleratedfiler,” “acceleratedfiler,” “smaller reporting company” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. EVEREST GROUP, LTD. Table of Contents Form 10-Q PART I FINANCIAL INFORMATION Item 1. Financial StatementsConsolidated Balance Sheets as ofMarch31, 2026(unaudited) andDecember31, 20251Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months endedMarch31, 2026 and 2025(unaudited)2Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March31, 2026 and2025(unaudited)3Consolidated Statements of Cash Flows for thethree months ended March 31, 2026 and 2025(unaudited)4Notes to Consolidated Interim Financial Statements (unaudited)5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations35Item 3.Quantitative and Qualitative Disclosures About Market Risk54Item 4.Controls and Procedures54 PART II OTHER INFORMATION Item 1.Legal Proceedings55Item 1A.Risk Factors55Item 2.Unregistered Sales of Equity Securities and Use of Proceeds55Item 3.Defaults Upon Senior Securities55Item 4.Mine Safety Disclosures55Item 5.Other Information55Item 6.Exhibits56 Safe Harbor Disclosure. This report contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995and other U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions forforward-looking statements in the federal securities laws. In some cases, these statements can be identified by the use of forward-looking words such as “may”, “will”, “should”, “could”, “anticipate”, “estimate”, “expect”, “plan”, “believe”, “predict”, “potential” and“intend”. Forward-looking statements only reflect our expectations and are not guarantees of performance. These statements involverisks, uncertainties and assumptions. Actual events or results may differ materially from those expressed in forward-looking statements.Important factors that could cause actual events or results to be materially different from our forward-looking statements are discussedin ourfilings with the U.S. Securities and Exchange Commission (the “SEC”) include, but are not limited to, those described under thecaption “Item 1A - Risk Factors” in our most recent Annual Report on Form 10-K (the “Form 10-Kfiling”). These include: •the effects of catastrophic events on ourfinancial results;•losses from catastrophe exposure that exceed our projections;•insufficient reserves for losses and loss adjustment expenses (“LAE”) due to the impact of social inflation or other factors;•greater-than-expected loss ratios on business written by us and adverse development on claim and/or claim expense liabilitiesrelated to business written by our insurance and reinsurance subsidiaries;•our failure to accurately assess underwriting risk and establish adequate premium rates;•decreases in pricing for property and casualty reinsurance and insurance;•our inability or failure to purchase adequate reinsurance;•our ability to maintain ourfinancial strength ratings;•our ability to execute divestitures, obtain regulatory approvals and effectuate strategic transactions, including but not limited to thesale of our commercial retail insurance business globally;•the failure of o