EVEREST GROUP, LTD.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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 Statements of Cash Flows for the Years Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| (In millions of U.S. dollars) | 2025 | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income (loss) | $1,591 | $1,373 | $2,517 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Decrease (increase) in premiums receivable | (116) | (715) | (1,064) |
| Decrease (increase) in funds held by reinsureds, net | 138 | (81) | (66) |
| Decrease (increase) in reinsurance recoverables | (1,453) | (1,091) | 143 |
| Decrease (increase) in income taxes | 150 | (277) | (559) |
| Decrease (increase) in prepaid reinsurance premiums | 360 | (232) | (46) |
| Increase (decrease) in reserve for losses and loss adjustment expenses | 3,602 | 5,612 | 2,256 |
| Increase (decrease) in unearned premiums | (278) | 809 | 1,387 |
| Increase (decrease) in amounts due to reinsurers | (235) | 135 | 18 |
| Increase (decrease) in losses in course of payment | (98) | 75 | 93 |
| Change in equity adjustments in limited partnerships | (364) | (261) | (168) |
| Distribution of limited partnership income | 195 | 163 | 120 |
| Change in other assets and liabilities, net | (463) | (431) | (339) |
| Non-cash compensation expense | 61 | 63 | 49 |
| Amortization of bond premium (accrual of bond discount) | (166) | (167) | (64) |
| Net (gains) losses on investments | 143 | (19) | 276 |
| Net cash provided by (used in) operating activities | 3,068 | 4,957 | 4,553 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Proceeds from fixed maturities matured/called/repaid - available for sale | 4,497 | 3,783 | 2,310 |
| Proceeds from fixed maturities sold - available for sale | 1,571 | 6,257 | 3,849 |
| Proceeds from fixed maturities matured/called/repaid - held to maturity | 199 | 157 | 105 |
| Proceeds from fixed maturities sold - held to maturity | 10 | — | — |
| Proceeds from equity securities sold | 56 | 37 | 126 |
| Distributions from other invested assets | 334 | 409 | 245 |
| Cost of fixed maturities acquired - available for sale | (10,364) | (11,563) | (10,653) |
| Cost of fixed maturities acquired - held to maturity | (7) | (49) | (112) |
| Cost of equity securities acquired | (9) | (50) | (17) |
| Cost of other invested assets acquired | (507) | (936) | (902) |
| Net change in short-term investments | 1,875 | (2,494) | (1,034) |
| Net change in unsettled securities transactions | (83) | (27) | 181 |
| Proceeds from sale of renewal rights | 331 | — | — |
| Net cash provided by (used in) investing activities | (2,096) | (4,478) | (5,902) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Common shares issued (redeemed) during the period for share-based compensation, net of expense | (21) | (24) | (23) |
| Proceeds from public offering of common shares | — | — | 1,445 |
| Purchase of treasury shares | (797) | (200) | — |
| Dividends paid to shareholders | (335) | (334) | (288) |
| Net FHLB borrowings (repayments) | — | 200 | 300 |
| Cost of shares withheld on settlements of share-based compensation awards | (22) | (25) | (24) |
| Net cash provided by (used in) financing activities | (1,175) | (383) | 1,409 |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | (28) | 16 | (23) |
| Net increase (decrease) in cash | (231) | 112 | 38 |
| Cash, beginning of period | 1,549 | 1,437 | 1,398 |
| Cash, end of period | $1,318 | $1,549 | $1,437 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Income taxes paid (recovered) | $150 | $397 | $196 |
| Interest paid | 150 | 147 | 130 |
| NON-CASH TRANSACTIONS: | |||
| Non-cash limited partnership distribution | $8 | $23 | $— |
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