Everest Group reported a combined ratio of 93.2% for Q4 2023, up 5.4 points year on year, as the company booked elevated cat losses driven by Hurricane Otis and strengthened reserves in casualty insurance.
Pre-tax
Everest's Q4 CoR climbs 5.4 points to 93.2% on casualty reserving, Otis loss
The carrier booked a reserve charge of $392mn for casualty insurance.