Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Everest Group, Ltd. who purchased shares between February 8, 2024 and October 27, 2025.
According to the Complaint, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
Specifically, the lawsuit alleges that after the market closed on October 27, 2025, less than three months after Defendants last assured investors that the Insurance division’s casualty reserves were adequate, Everest disclosed that it had recorded $478 million in net unfavorable prior year reserve development, driven principally by adverse development in U.S. casualty losses from accident years 2022 through 2024. The Company also entered into an agreement providing up to $1.2 billion of protection against further adverse development on approximately $5.4 billion of North American Insurance and Other segment reserves for accident years 2024 and prior.
On this news, the price of Everest’s shares fell $39.07 per share, or 11.4%, from $343.98 on October 27 to $304.91 on October 28, 2025.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until December 28, 2026 to request that the court appoint them lead plaintiff.