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Everest Reinsurance Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$116M in Q2 2026 · $630M over twelve months

Operating cash flow−$116M
Free cash flow−$116M
Cash / net income-0.4×

Analysis

In Q2 2026, Everest Reinsurance Holdings generated −$116M of operating cash flow. That is $676M less than in Q2 2025 ($560M).

Over the twelve months to Jun 30, 2026, operating cash flow was $630M; the largest uses were other investing ($1.2B); the cash balance fell by $542M.

Operating cash flow was −$116M against net income of $305M — -0.4× profit, less cash than reported earnings, worth checking against working capital. The largest differences: stock-based pay +$16.0M, gains on investments +$8.0M, other operating capital +$4.0M.

Free cash flow

Everest Reinsurance Holdings: free cash flow by quarterEverest Reinsurance Holdings: free cash flow by quarter$1.0BQ3 2024$430MQ4 2024$332MQ1 2025$560MQ2 2025$924MQ3 2025−$302MQ4 2025$124MQ1 2026−$116MQ2 2026
Operating cash flow less capital spending.
Everest Reinsurance Holdings: operating cash flow against capital spendingEverest Reinsurance Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$1.0B$0Q3 2024$430M$0Q4 2024$332M$0Q1 2025$560M$0Q2 2025$924M$0Q3 2025−$302M$0Q4 2025$124M$0Q1 2026−$116M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$116M, Capital spending $0.

Capital allocation, year by year

Everest Reinsurance Holdings: where the cash came from (up) and went (down), by fiscal yearEverest Reinsurance Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingFY2021: Operating cash flow $2.6BFY2021: Net borrowing $968M$3.6BFY2021FY2022: Operating cash flow $2.1BFY2022: Net borrowing −$6.0M$2.1BFY2022FY2023: Operating cash flow $2.4B$2.4BFY2023FY2024: Operating cash flow $2.5B$2.5BFY2024FY2025: Operating cash flow $1.5B$1.5BFY2025
Over these 5 years operating cash flow totalled $11.1B; the largest uses were net borrowing ($6.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$329M
Debtnone
Net cash$329M
Cash runway9 months

Everest Reinsurance Holdings is burning cash: its operations consume cash, a free cash flow of −$464M a year at the current rate against $329M of cash and investments: a runway of about 9 months before any new financing.

Where the cash came from and went

Everest Reinsurance Holdings: sources (+) and uses (−) of cash, Q2 2026Everest Reinsurance Holdings: sources (+) and uses (−) of cash, Q2 2026Operating cash flow−$116MCash drawn (+) / kept (−)$82.0MOther investing$32.0MExchange rates$2.0M
Everest Reinsurance Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Everest Reinsurance Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Other investing−$1.2BOperating cash flow$630MCash drawn (+) / kept (−)$542MExchange rates−$2.0MNot reconciled−$1.0M

From profit to cash

Everest Reinsurance Holdings: net income to operating cash flow, Q2 2026Everest Reinsurance Holdings: net income to operating cash flow, Q2 2026Net income$305MStock-based pay$16.0MGains on investments$8.0MGains on disposals−$1.0MOther operating capital$4.0MOperating cash flow−$116M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCash drawn (+) / kept (−)Free cash flow
Q2 2026−$116M$82.0M−$116M
Q1 2026$124M−$13.0M$124M
Q4 2025−$302M$253M−$302M
Q3 2025$924M$220M$924M
Q2 2025$560M−$292M$560M
Q1 2025$332M$38.0M$332M
Q4 2024$430M−$50.0M$430M
Q3 2024$1.0B−$54.0M$1.0B

Everest Reinsurance Holdings: income statement and cash flow

Everest Reinsurance Holdings, Q2 2026: revenue $2.3B (-12% year over year), operating margin 16.2%. The chart follows the revenue to costs, profit and cash.

Everest Reinsurance Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.