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Everest Re FY 2024 net income shrinks to $1.4b
Although, gross written premiums climbed 9.1% YoY.
Everest Group’s full-year 2024 net income dwindled to $1.4b, a 45.5% year-on-year (YoY) contraction.
Meanwhile, gross written premiums pencilled $18.2b, a 9.1% YoY increase. Reinsurance premiums grew by 12.2%, whilst insurance premiums rose by 4.0% on a comparable basis.
Net investment income reached a record $2b, increasing by more than $500m from the prior year.
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