EVEREST GROUP LTD
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
EG$422.32+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (In millions of U.S. dollars, except par value per share) | 2024 | 2023 |
| ASSETS: | ||
| Fixed maturities - available for sale, at fair value | $28,908 | $27,740 |
| (amortized cost: 2024, $29,934; 2023, $28,568, credit allowances: 2024, $(36); 2023, $(48)) | ||
| Fixed maturities - held to maturity, at amortized cost | ||
| (fair value: 2024, $759; 2023, $854, net of credit allowances: 2024, $(8); 2023, $(8)) | 757 | 855 |
| Equity securities, at fair value | 217 | 188 |
| Other invested assets | 5,392 | 4,794 |
| Short-term investments | 4,707 | 2,127 |
| Cash | 1,549 | 1,437 |
| Total investments and cash | 41,531 | 37,142 |
| Accrued investment income | 368 | 324 |
| Premiums receivable (net of credit allowances: 2024, $(54); 2023, $(41)) | 5,378 | 4,768 |
| Reinsurance paid loss recoverables (net of credit allowances: 2024, $(41); 2023, $(26)) | 207 | 164 |
| Reinsurance unpaid loss recoverables | 2,915 | 2,098 |
| Funds held by reinsureds | 1,218 | 1,135 |
| Deferred acquisition costs | 1,461 | 1,247 |
| Prepaid reinsurance premiums | 869 | 713 |
| Income tax asset, net | 1,223 | 868 |
| Other assets (net of credit allowances: 2024, $(9); 2023, $(9)) | 1,171 | 941 |
| TOTAL ASSETS | $56,341 | $49,399 |
| LIABILITIES: | ||
| Reserve for losses and loss adjustment expenses | $29,889 | $24,604 |
| Unearned premium reserve | 7,324 | 6,622 |
| Funds held under reinsurance treaties | 27 | 24 |
| Amounts due to reinsurers | 701 | 650 |
| Losses in course of payment | 241 | 171 |
| Senior notes | 2,350 | 2,349 |
| Long-term notes | 218 | 218 |
| Borrowings from FHLB | 1,019 | 819 |
| Accrued interest on debt and borrowings | 22 | 22 |
| Unsettled securities payable | 84 | 137 |
| Other liabilities | 590 | 582 |
| TOTAL LIABILITIES | 42,466 | 36,197 |
| Commitments and contingencies (Note 11) | ||
| SHAREHOLDERS' EQUITY: | ||
| Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding | — | — |
| Common shares, par value: $0.01; 200.0 shares authorized; 74.3 (2024) and 74.2 (2023) | ||
| outstanding before treasury shares | 1 | 1 |
| Additional paid-in capital | 3,812 | 3,773 |
| Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) | ||
| of $(177) at 2024 and $(99) at 2023 | (1,138) | (934) |
| Treasury shares, at cost: 31.3 shares (2024) and 30.8 shares (2023) | (4,108) | (3,908) |
| Retained earnings | 15,309 | 14,270 |
| Total shareholders' equity | 13,875 | 13,202 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $56,341 | $49,399 |
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