Everest Group (EG) risk factors: FY2025 10-K

1. Our results could be adversely affected by catastrophic events.
2. Our losses from future catastrophic events could exceed our projections.
3. Unfavorable loss development may adversely affect our business, financial condition, results of operations or liquidity.
4. If we are unable to or choose not to purchase reinsurance and transfer risk to the reinsurance markets, our net income could be reduced or we could incur a net loss in the event of unusual loss experience.
5. The failure to accurately assess underwriting risk and establish adequate premium rates could reduce our net income or result in a net loss.
6. Decreases in pricing for property and casualty reinsurance and insurance could reduce our net income.
7. The effects of emerging claim and coverage issues on our business are uncertain.
8. A decline in our financial strength ratings could adversely affect our standing among cedents and broker partners and our ability to grow premiums and earnings.
9. A decline in our debt ratings could increase our borrowing costs and adversely affect our ability to access capital markets at attractive rates.
10. The failure of our insureds, intermediaries and reinsurers to satisfy their obligations to us could reduce our income.
11. The value of our overall investment income could decline due to changed conditions in the financial markets and prevailing general economic conditions.reworded
12. The failure to maintain access to enough cash, readily salable or unencumbered financial assets to meet near-term financial obligations may adversely impact business relations and creditworthiness.
13. We may require additional capital or financing sources in the future, which may not be available or may be available only on unfavorable terms.
14. Because of our holding company structure, our ability to pay dividends, interest and principal is dependent on receiving dividends, loan payments and other funds from our subsidiaries.
15. We may experience foreign currency exchange losses that reduce our net income and capital levels.
16. Our business is sensitive to unanticipated levels of inflation.
17. Measures taken by domestic or foreign governments could have effects on our business.
18. Global economic conditions could adversely affect our business, results of operations or financial condition.new
19. We are dependent on our key personnel.
20. We rely on our processes, people and systems to maintain our operations and manage the operational risks inherent to our business. Any errors, omissions or misconduct by our employees or third-party agents in the execution of these processes could adversely affect our business, results of operations and financial condition.
21. We are subject to cybersecurity risks *that could negatively impact our business operations.Cybersecurity
22. We are dependent on brokers and agents for business developments.
23. Analytical models used in decision making and estimates, assumptions and valuations in these models could vary materially from actual results, which could have an adverse impact on the financial condition, results of operations and cash flows of the Company.new
24. Our operations are subject to business continuation and resiliency risk.reworded
25. Our industry is highly competitive and rapidly evolving, and we may not be able to compete successfully in the future.reworded
26. Business or asset acquisitions and dispositions may expose us to certain risks.new

Read these in Item 1A · See the changes

1. Applicable insurance laws may have an anti-takeover effect.
2. We may be subject to legal, governmental or regulatory proceedings.new
3. The ownership of common shares of Group by Everest Re Advisors, Ltd., a direct subsidiary of Group, may have an impact on securing approval of shareholder proposals that Group’s management supports.
4. Provisions in Group’s bye-laws could have an anti-takeover effect, which could diminish the value of its common shares.
5. Investors in Group may have more difficulty in protecting their interests than investors in a U.S. corporation.
6. Insurance laws and regulations restrict our ability to operate and any failure to comply with those laws and regulations could have a material adverse effect on our business.new
7. Our business is subject to certain laws and regulations relating to sanctions and foreign corrupt practices, the violation of which could adversely affect our operations.new
8. Regulatory challenges in the United States could adversely affect the ability of Bermuda Re to conduct business.
9. Bermuda Re may need to be licensed or admitted in additional jurisdictions to develop its business.
10. Bermuda Re’s ability to write reinsurance may be severely limited if it is unable to arrange for security to back its reinsurance.
11. Regulatory and legislative developments, as well as executive orders, related to cybersecurity, privacy, data protection and AI could have an adverse impact on our business.rewordedAICybersecurity
12. If international tax laws change, our net income may be impacted.
13. If United States tax law changes, our net income may be impacted.reworded
14. Group and/or Bermuda Re may be subject to U.S. corporate *income tax, which would reduce our net income.
15. Bermuda Re and Group.
16. Group and/or Bermuda Re may become subject to Bermuda tax, which would reduce our net income.
17. If U.S. tax law changes, our U.S. shareholders net income may be impacted.

Read these in Item 1A · See the changes

Headings in the FY2024 10-K with no match this year.

1. Analytical models used in decision making could vary materially from actual results.