$75m of catastrophe losses and low investment fail to dent

Everest Re said it expects Q3 after-tax operating income to range between $2.55 (£1.59) and $2.75 per diluted common share with net income between $2.95 and $3.20 per share.

It said it had been hit by approximately $75m of catastrophe losses, net of reinstatement premiums and taxes, including the New Zealand earthquake and the hailstorm in Calgary.

It also suffered lower net investment, due to lower equity market valuations. But with share repurchases of $99.7m it said it expects book value per share to increase approximately 6% in the quarter.

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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