Everest releases 2023 financials

Year an "exceptional" period, says chief executive

Everest releases 2023 financials

Insurance News

By Terry Gangcuangco

Everest Group has published its latest set of financial results.

In its earnings report, the global underwriter announced the following figures:


Q4 2023

Q4 2022

FY 2023

FY 2022

Net income (loss)

US$804 million

US$496 million

US$2.5 billion

US$597 million

Operating income (loss)

US$1.1 billion

US$478 million

US$2.8 billion

US$1.1 billion


Commenting on the numbers, president and chief executive Juan C. Andrade said: “Everest’s strong fourth quarter performance capped off an exceptional 2023, delivering record annual results in underwriting income, net investment income, operating income, net income, and cash flow from operations.

“We executed on our strategic objectives, while delivering an operating ROE (return on equity) of over 23% and a total shareholder return of over 26% for the full year. 2023 was the most profitable year in our history.

“The Everest of today is a stronger and more sophisticated company. We are delivering leading financial returns, and we are on track to achieve the targets we set out at our most recent Investor Day.”

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