Everest falls to $205mn operating loss as cats add 27.4 points to CR
Everest Re fell to a deeper-than-in-the-prior-year-period net operating loss of $205mn in Q3 2022 as $730mn of pre-announced pre-tax catastrophe losses impacted the (re)insurer’s bottom line and added 27.4 points to the group-wide combined ratio of 112.0 percent.