Everest Re Group Ltd reported Q3 2024 revenue of $4.285 billion, up 7.4% year over year and 1.4% quarter over quarter, with net income of $509 million and diluted earnings per share (EPS) of $11.81. While topline momentum remained positive, profitability showed signs of pressure: gross profit was $640 million for the quarter (gross margin â14.9%), and operating income was $577 million, yielding an operating margin of about 13.5% and a net income margin near 11.9%. Year-over-year comparisons show a meaningful decline in gross profit and a softer net income trajectory despite revenue gains, implying a shift in mix, higher expenses, or prior-period adjustments impacting the year-ago base. In parallel, Everest generated robust operating cash flow of roughly $1.738 billion and reported free cash flow of the same magnitude, underscoring strong liquidity and capital-generation capacity even as underwriting conditions and investment dynamics evolve.