Everest Group swung to underwriting losses in Q1 2025 with a combined ratio of 102.7%, versus 88.8% for Q1 2024, as the California wildfire losses dealt a blow to its reinsurance segment.
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Everest Q1 CoR up 14 points to 102.7% as reinsurance unit hit by wildfires
The quarter’s performance was also affected by the Washington, DC aviation disaster.