Everest Group, Ltd. (EG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Everest Group-Limited Second Quarter 2025 Earnings Conference Call. All participants will be in the Sunni mode. If you need assistance, please signal conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. Now I would like to turn the conference over to your host today, Matthew Orman, Senior Vice President and Head of HR. Please go ahead. Thank you, Keith. Good morning, everyone, and welcome to Everest Group-Limited Second Quarter of 2025 Earnings Conference Call. The Everest executives leading today's call are Jim Williamson, President and CEO, and Mark Kosyanski, Senior Vice President and CFO. We're also joined by the members of the Everest Management Team. Before we begin, I'll preface the comments by noting that today's call will include forward-looking statements. Actual results may differ materially, and we undertake the obligation to publicly update forward-looking statements. Management comments regarding estimates, projections, and similar subjects to the risk, uncertainties, and assumptions, as noted in Everest SEC filings. Management may also refer to certain non-GAAP financial measures. Available explanations and reconciliations to the GAAP can be found in the earnings press release, investor presentation, and financial supplement on our website. With that, I'll turn the call over to Jim. Thanks, Matt, and good morning, everyone. Everest delivered a strong second quarter. Contributions from underwriting and investments drove net operating income of $734 million and an annualize...