EVEREST GROUP, LTD.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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14. Other Comprehensive Income (Loss)
- OTHER COMPREHENSIVE INCOME (LOSS)
The following table presents the components of other comprehensive income (loss) in the consolidated statements of operations for the periods indicated:
| Years Ended December 31, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2023 | |||||||
| (Dollars in millions) | Before Tax | Tax Effect | Net of Tax | Before Tax | Tax Effect | Net of Tax | Before Tax | Tax Effect | Net of Tax |
| URA(D) of securities (1) | $876 | $(136) | $740 | $(167) | $70 | $(97) | $843 | $(101) | $743 |
| Reclassification of net realized losses (gains) | |||||||||
| included in net income (loss) (1) | 142 | (28) | 114 | (18) | 6 | (12) | 285 | (41) | 244 |
| Foreign currency translation and other adjustments | 236 | 6 | 242 | (139) | 11 | (128) | 64 | (5) | 59 |
| Benefit plan actuarial net gain (loss) | (12) | 2 | (9) | 43 | (9) | 34 | 19 | (4) | 15 |
| Reclassification of benefit plan liability amortization | |||||||||
| included in net income (loss) | (2) | — | (1) | (2) | — | (1) | 2 | — | 2 |
| Total other comprehensive income (loss) | $1,241 | $(155) | $1,086 | $(283) | $79 | $(204) | $1,214 | $(151) | $1,063 |
(1) URA(D) of securities and Reclassification of net realized losses (gains) included in net income (loss) include URA(D) of fixed maturity, available for sale securities and equity method investments.
The following table presents details of the amounts reclassified from accumulated other comprehensive income (loss) (“AOCI”) for the periods indicated:
| Years EndedDecember 31, · Affected line item within the statements of operations and comprehensive income (loss) | |||
|---|---|---|---|
| AOCI component · 2025 · 2024 | |||
| (Dollars in millions) | |||
| URA(D) of securities (1) | $142 | $(18) | Net gains (losses) on investments |
| (28) | 6 | Income tax expense (benefit) | |
| $114 | $(12) | Net income (loss) | |
| Benefit plan net gain (loss) | $(2) | $(2) | Other underwriting expenses |
| — | — | Income tax expense (benefit) | |
| $(1) | $(1) | Net income (loss) | |
(1) URA(D) of securities includes URA(D) of fixed maturity, available for sale securities and equity method investments.
The following table presents the components of AOCI, net of tax, in the consolidated balance sheets for the periods indicated:
| Years EndedDecember 31, | ||
|---|---|---|
| (Dollars in millions) | 2025 | 2024 |
| Beginning balance of URA(D) of securities (1) | $(831) | $(723) |
| Current period change in URA(D) of securities | 854 | (109) |
| Ending balance of URA(D) of securities | 23 | (831) |
| Beginning balance of foreign currency translation and other adjustments | (323) | (195) |
| Current period change in foreign currency translation and other adjustments | 242 | (128) |
| Ending balance of foreign currency translation and other adjustments | (81) | (323) |
| Beginning balance of benefit plan net gain (loss) | 16 | (16) |
| Current period change in benefit plan net gain (loss) | (10) | 33 |
| Ending balance of benefit plan net gain (loss) | 6 | 16 |
| Ending balance of accumulated other comprehensive income (loss) | $(52) | $(1,138) |
(1) URA(D) of securities includes URA(D) of fixed maturity, available for sale securities and equity method investments.
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