Everest maintains U/W profitability despite $150mn Covid-19 reserve charge; growth accelerates in insurance
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Everest maintains U/W profitability despite $150mn Covid-19 reserve charge; growth accelerates in insurance

IPC Research
May 07, 2020
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Everest’s underwriting income fell 85% in the first quarter following a $150mn reserve charge for anticipated losses tied to the ongoing pandemic, but remained positive overall as the top line continued to surge.

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