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Everest Reinsurance Holdings earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026

Q2 2026 Revenue down 12% year over year to $2.3B · 13¢ of every $1 of revenue kept as net profit · operating margin 16.2%

Everest Reinsurance Holdings made $2.3B in Q2 2026 (-12% Y/Y). Operating margin 16.2%, net earnings $305M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$2.3B
Year over year-12%
Operating margin16.2%
Net earnings$305M
Operating cash flow−$116M

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Everest Reinsurance Holdings Q2 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Everest Reinsurance Holdings Q2 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.3B in Q2 2026, down 12% year over year and down 4% from the previous quarter.

Operating profit was $0.38B, a 16.2% margin (up 1.5 points year over year). Total costs fell 14% while revenue fell 12%. Net earnings were $0.30B, down 6% year over year. The effective tax rate was 19.1%.

Operating cash flow was −$0.12B. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items used $0.44B.

Quarterly history

Everest Reinsurance Holdings revenue by quarterEverest Reinsurance Holdings revenue by quarter$2.7BQ4 2024$2.7BQ1 2025$2.7BQ2 2025$2.6BQ3 2025$2.5BQ4 2025$2.4BQ1 2026$2.3BQ2 2026
Everest Reinsurance Holdings net earnings by quarterEverest Reinsurance Holdings net earnings by quarter−$854MQ4 2024$100MQ1 2025$324MQ2 2025$117MQ3 2025$234MQ4 2025$433MQ1 2026$305MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$2.3B-12%16.2%$305M−$116M
Q1 202610-QMay 15, 2026$2.4B-10%21.7%$433M$124M
Q4 202510-KMar 31, 2026$2.5B-8%10.6%$234M−$302M
Q3 202510-QNov 14, 2025$2.6B-4%4.2%$117M$924M
Q2 202510-QAug 12, 2025$2.7B+4%14.7%$324M$560M
Q1 202510-QMay 12, 2025$2.7B+6%4.7%$100M$332M
Q4 202410-KMar 18, 2025$2.7B+15%-37.3%−$854M$430M

Charts

Everest Reinsurance Holdings: revenue growth, year over year and quarter over quarterEverest Reinsurance Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q+15%Q4 2024+6%-1%Q1 2025+4%-1%Q2 2025-4%-3%Q3 2025-8%-3%Q4 2025-10%-3%Q1 2026-12%-4%Q2 2026
Latest (Q2 2026): Y/Y -12%, Q/Q -4%.
Everest Reinsurance Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Everest Reinsurance Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Other investing−$1.2BOperating cash flow$630MCash drawn (+) / kept (−)$542MExchange rates−$2.0MNot reconciled−$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Everest Reinsurance Holdings: profit against cash, quarter by quarterEverest Reinsurance Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow$279M$1.0BQ3 2024−$854M$430MQ4 2024$100M$332MQ1 2025$324M$560MQ2 2025$117M$924MQ3 2025$234M−$302MQ4 2025$433M$124MQ1 2026$305M−$116MQ2 2026
Latest (Q2 2026): Net income $305M, Operating cash flow −$116M.
Everest Reinsurance Holdings in its industry: growth against margin (56 companies, SIC 6331)Everest Reinsurance Holdings in its industry: growth against margin (56 companies, SIC 6331)revenue growth, year over year →↑ operating marginmedian +2%median 14%BRK-BPGRALLCBTRVAIGHIGLACGLMKLCNAWRBEGCINFAFGAXSTHGRNRMCYSIGIKMPRSPNTHGWTMTIPTRLISKWDKNSLUVEHMNUFCSPLMRROOTSLDELMNDSAFTHCIDGICAHRTGEIGBOWJRVRHIPOGLREASICAIIGBLIAMSFACICNODKKINSKWYPRHIKGOXBREverest Reinsurance Holdings (-12%, 16%)
Fire, Marine & Casualty Insurance; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Everest Reinsurance Holdings

Holdings, a Delaware corporation, is a wholly-owned subsidiary of Holdings Ireland. Holdings Ireland is a direct subsidiary of Group and serves as a holding company for the U.S. reinsurance and insurance subsidiaries. Group is a Bermuda holding company whose common shares are publicly traded in the U.S. on the New York Stock Exchange under the symbol “EG”. Group files an annual report on Form 10-K with the Securities and Exchange Commission (the “SEC”) with respect to its consolidated operations, including Holdings. The Company’s principal business, conducted through its Reinsurance and Insurance reportable segments, is the underwriting of reinsurance and insurance in the U.S. and international markets.

In its own words, from its 10-K, filed Mar 31, 2026.

Everest Reinsurance Holdings against its Fire, Marine & Casualty Insurance peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -12% against the peers' median +2%. Operating margin: 16.2% against the peers' median 15.5%.

CompanyQuarterRevenueY/YOp. margin
Everest Reinsurance HoldingsQ2 2026$2.3B-12%16.2%
BRK-B Berkshire HathawayQ2 2026$101.8B+10%15.5%
PGR ProgressiveQ3 2026$23.2B+3%14.0%
ALL AllstateQ3 2026$17.3B+0.5%15.1%
CB ChubbQ3 2026$16.2B+0.3%21.0%
TRV Travelers CompaniesQ3 2026$12.4B-0.5%19.1%
AIG American International GroupQ3 2026$7.4B+17%15.0%
HIG Hartford Insurance GroupQ3 2026$7.2B+4%21.9%
L LoewsQ3 2026$4.8B+2%8.5%

Source: Everest Reinsurance Holdings 10-Q on SEC EDGAR · CIK 914748 · Fire, Marine & Casualty Insurance