unfavorable reserve development News

Everest Group Boosts Casualty Loss Reserves $1.7B

Everest Group, Ltd. pre-announced full-year 2024 earnings yesterday, disclosing about a 45 percent drop in net income attributable to a $1.7 billion boost in its casualty insurance reserves. The ...

Allstate Q4 2023 Reserve Charge Near $200M

Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings yesterday—among them a $199 million non-catastrophe reserve charge. The carrier said the figure ...