Everest's Q4 CoR climbs 5.4 points to 93.2% on casualty reserving, Otis loss
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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.

By Kyoung-son Song
February 08, 2024
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everest logo nyse 2.jpg

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

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