COMMITMENTS AND CONTINGENCIES |
9 Months Ended |
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Sep. 30, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company is involved in lawsuits, arbitrations and other formal and informal dispute resolution procedures, the outcomes of which will determine the Company’s rights and obligations under insurance and reinsurance agreements. In some disputes, the Company seeks to enforce its rights under an agreement or to collect funds owing to it. In other matters, the Company is resisting attempts by others to collect funds or enforce alleged rights. These disputes arise from time to time and are ultimately resolved through both informal and formal means, including negotiated resolution, arbitration and litigation. In all such matters, the Company believes that its positions are legally and commercially reasonable. The Company considers the statuses of these proceedings when determining its reserves for unpaid loss and LAE. On October 28, 2026, two purported shareholders filed a putative securities class action in the United States District Court for the Southern District of New York against Everest Group, Ltd. and certain current and former officers. The complaint purports to assert claims on behalf of purchasers of the Company's common shares during the period from February 8, 2024 through October 27, 2025 and alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint generally alleges that defendants made materially false or misleading statements or omissions concerning, among other things, the Company's U.S. casualty business, underwriting, pricing, loss development and reserves, and seeks damages and other relief. The Company intends to vigorously defend the action. The litigation is at a preliminary stage, and the Company is unable at this time to predict its outcome or reasonably estimate the amount or range of any potential loss. Aside from litigation and arbitrations related to insurance and reinsurance agreements and as otherwise referred to above, the Company is not a party to any other material litigation or arbitration.
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