Everest Re Group, Ltd.
- Open
- 375.38
- Day high
- 377.44
- Day low
- 374.10
- Prev close
- 377.61
- Volume
- 451K
- Mkt cap
- $14.4B
- P/E (TTM)
- 8.0
- EPS (TTM)
- $46.95
- P/B
- 0.9
- P/S
- 0.9
- Yield
- 2.14%
- Per share
- $8.00
Everest Re Group, Ltd. (EG) is a Financial Services company listed on NYSE. The stock is up 8% over the past year. Drillr has 1 published research article covering EG.
Everest Re Group, Ltd. (EG) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $14.52 | $14.85 | +2.3% | $4.0B | -0.8% |
| Apr 30, 2026 | $13.97 | $16.08 | +15.1% | $4.1B | -2.4% |
| Feb 4, 2026 | $13.36 | $13.26 | -0.7% | $4.4B | +13.6% |
| Jul 30, 2025 | $15.14 | $17.36 | +14.7% | $4.4B | +13.3% |
| Apr 30, 2025 | $7.59 | $6.45 | -15.0% | $4.3B | +1.3% |
| Feb 3, 2025 | $11.64 | $-18.39 | -258.0% | $4.6B | +11.0% |
| Oct 30, 2024 | $11.91 | $14.62 | +22.8% | $4.3B | -1.1% |
| Jul 31, 2024 | $16.59 | $16.85 | +1.6% | $4.2B | -2.1% |
| Feb 7, 2024 | $14.63 | $25.18 | +72.1% | $3.7B | -3.0% |
| Oct 25, 2023 | $10.60 | $14.14 | +33.4% | $4.0B | +11.0% |
| Jul 26, 2023 | $11.64 | $15.21 | +30.7% | $3.7B | -0.5% |
| May 2, 2023 | $12.51 | $11.31 | -9.6% | $3.3B | -2.1% |
EG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | HARTZBAND MERYL Ddirector | Grant | 86 | $360.78 |
| Jul 2, 2026 | Levine Allandirector | Grant | 86 | $360.78 |
| Jul 2, 2026 | Howard John Mdirector | Grant | 86 | $360.78 |
| May 14, 2026 | Habayeb Elias F.officer: EVP & CFO | Grant | 7,128 | $350.77 |
| May 14, 2026 | Habayeb Elias F.officer: EVP & CFO | Grant | 13,970 | $350.77 |
| May 11, 2026 | Keen Jasonofficer: EVP & CEO of GW & S Division | Sell | 775 | $351.84 |
| Apr 3, 2026 | Howard John Mdirector | Grant | 96 | $325.28 |
| Apr 3, 2026 | HARTZBAND MERYL Ddirector | Grant | 96 | $325.28 |
| Apr 3, 2026 | Page Alan Darryldirector | Grant | 96 | $325.28 |
| Apr 3, 2026 | Levine Allandirector | Grant | 96 | $325.28 |
| Mar 17, 2026 | Beggs Jillofficer: EVP and CEO of Reinsurance | Tax | 350 | $322.87 |
| Mar 17, 2026 | KOCIANCIC MARKofficer: EVP & CFO | Tax | 701 | $322.87 |
| Mar 17, 2026 | WILLIAMSON JAMES ALLANdirector, officer: President and CEO | Grant | 1,129 | $322.87 |
| Mar 17, 2026 | WILLIAMSON JAMES ALLANdirector, officer: President and CEO | Tax | 634 | $322.87 |
| Mar 17, 2026 | Beggs Jillofficer: EVP and CEO of Reinsurance | Grant | 684 | $322.87 |
Source: EG SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full EG insider & 13F page →Everest Re Group, Ltd. company profile
Overview
Everest Group, Ltd. (NYSE:EG) is a global reinsurance and insurance company founded in 1973 and headquartered in Hamilton, Bermuda. Originally established as Everest Re Group, the company changed its name to Everest Group in July 2023 to better reflect its expanded operations beyond pure reinsurance. The company went public in 1995 and has grown to become a significant player in the global property and casualty reinsurance and insurance markets, operating through subsidiaries in the United States, Bermuda, Europe, Canada, and other international markets.
Business
Everest Group operates in the reinsurance and insurance industry, which forms a critical part of the global risk transfer ecosystem. The company provides two main types of coverage that work at different levels of the insurance value chain. Reinsurance represents the company's core historical business, accounting for approximately 65-70% of total premiums. Reinsurance is essentially "insurance for insurance companies" - when primary insurers like State Farm or Allstate write policies for homeowners or businesses, they transfer portions of that risk to reinsurers like Everest to protect their own balance sheets from catastrophic losses. For example, if a hurricane causes $10 billion in insured losses, the primary insurers don't bear the full cost alone; reinsurers like Everest absorb significant portions based on their contractual agreements. Everest writes both treaty reinsurance (covering entire portfolios of policies) and facultative reinsurance (covering individual large risks) across property, casualty, marine, aviation, and specialty lines. Direct insurance comprises the remaining 30-35% of premiums, where Everest acts as a primary insurer selling policies directly to businesses and individuals. This segment focuses on commercial property and casualty coverage, including directors' and officers' liability, professional liability, marine insurance, and specialty commercial lines. The company distributes these products through wholesale brokers, surplus lines brokers, and program administrators primarily in North America and increasingly in international markets including Europe, Latin America, and Asia-Pacific. Both segments concentrate heavily on property catastrophe coverage (protection against hurricanes, earthquakes, wildfires) and short-tail specialty lines where claims are typically resolved quickly, as opposed to long-tail casualty lines where claims can take years to fully develop.
Revenue model
Everest generates revenue primarily through insurance premiums collected from policyholders and ceding insurance companies, plus investment income from its substantial investment portfolio of approximately $20+ billion in assets. The company's customers include primary insurance companies (for reinsurance) and commercial businesses (for direct insurance). In the reinsurance business, Everest receives premiums from primary insurers who want to transfer risk. The company profits when total premiums collected exceed claims paid plus operating expenses - this is measured by the combined ratio, where anything below 100% indicates underwriting profit. For 2024, the reinsurance segment achieved a 90.4% combined ratio, meaning it collected $100 in premiums for every $90.40 in claims and expenses. The direct insurance business operates similarly, collecting premiums from commercial policyholders and aiming for profitable underwriting results. However, this segment has faced challenges with a 135.5% combined ratio in 2024, largely due to reserve strengthening in U.S. casualty lines. Investment income provides a crucial secondary revenue stream, generating over $500 million quarterly from the company's float - the money collected in premiums before claims are paid out. This creates a powerful economic model where Everest essentially gets paid to hold and invest other people's money. Several factors significantly impact profitability: Catastrophe frequency and severity directly affect claims costs, as seen with the 2024 California wildfires causing $350-450 million in losses. Pricing cycles in reinsurance markets can dramatically change profitability - the company benefited from 50%+ rate increases following recent catastrophic years. Interest rates affect investment returns on the float. Social inflation and legal system changes, particularly in U.S. casualty lines, have driven the company to reduce exposure to these longer-tail risks. Competition from new capital entering attractive markets can pressure pricing and terms.
Competitive moat
Everest's competitive position relies on several defensive characteristics, though the reinsurance industry generally lacks strong structural moats. The company's primary advantages include its substantial capital base of approximately $14 billion, which provides the financial strength to write large, complex risks that smaller competitors cannot handle. This scale advantage is particularly important in property catastrophe reinsurance, where clients prefer financially robust counterparties who can reliably pay claims after major disasters. The company has built strong relationships with brokers and ceding companies over its 50-year history, creating some customer stickiness in an industry where relationships and trust matter significantly. Everest's global diversification across geographic markets and product lines provides some stability compared to more concentrated competitors. However, the reinsurance industry faces meaningful competitive pressures. Capital mobility allows new entrants to quickly compete when returns are attractive - pension funds, sovereign wealth funds, and catastrophe bonds can rapidly deploy capital into reinsurance markets, pressuring pricing. The business is also inherently cyclical, with pricing power fluctuating based on recent loss experience and available capital. Regulatory barriers provide modest protection, as reinsurers need licenses and must maintain capital standards, but these barriers are not insurmountable. The company's underwriting expertise and risk selection capabilities offer some differentiation, but information and modeling tools are increasingly commoditized. Overall, Everest operates in a competitive industry with modest barriers to entry, where success depends more on disciplined underwriting, capital management, and cycle timing rather than sustainable structural advantages.
Risks & safety
Everest maintains a strong financial position with solid margin of safety characteristics: • Capital strength: $14+ billion in shareholders' equity provides substantial cushion against catastrophic losses • Liquidity: $1.6 billion in cash and short-term investments with current ratio of 9.0x indicates strong short-term financial flexibility • Debt levels: Net debt leverage of 15.6% is manageable, with debt-to-equity ratio of 0.26x well within industry norms • Cash generation: Strong operating cash flows of $4.9+ billion annually demonstrate the business's cash-generative nature • Solvency: No immediate solvency concerns given strong capitalization and regulatory oversight Valuation metrics: • Trading at 1.1x book value, reasonable for a financial services company • P/E ratio of 18.5x based on recent earnings, though earnings volatility makes this less meaningful • Price-to-tangible book value around 1.1x suggests modest valuation premium Other considerations: Reserve adequacy remains a key risk given $1.7 billion in reserve additions in 2024, though management appears to be taking a conservative approach. The company's focus on shorter-tail business lines reduces long-term reserve development risk compared to casualty-heavy competitors.
Recent development
Over the past several years, Everest has undergone significant strategic transformation focused on portfolio optimization and geographic expansion. The company has systematically shifted away from long-tail casualty business toward shorter-tail property and specialty lines, reducing volatility and improving predictability of results. A major development was the substantial reserve strengthening in 2024, with $1.7 billion added to net reserves, including $1.1 billion for U.S. casualty lines. This represented management's decisive action to address legacy issues and position the company for future profitability. Concurrently, Everest walked away from $750 million in North American casualty quota share business that no longer met return thresholds. The company has aggressively expanded internationally, establishing new operations in Mexico, Colombia, Australia, and throughout Europe and Asia-Pacific. This expansion focuses on attractive short-tail lines like marine, aviation, and property insurance where Everest can leverage its expertise and capital strength. International insurance operations now represent a growing portion of the portfolio with attractive loss ratios. Capital management has become increasingly shareholder-friendly, with the company targeting mid-teens total shareholder returns through a combination of share repurchases and dividends. In 2025, Everest repurchased $200 million in shares during Q1 alone and plans continued buybacks throughout the year. The company has also enhanced its risk management capabilities, implementing more frequent loss trend reviews and taking a more conservative approach to reserving. Management has demonstrated pricing discipline, including reducing Florida catastrophe exposure ahead of recent hurricane seasons and maintaining underwriting standards even when competitors offer more aggressive terms.
EG company profile · for informational purposes only — not investment advice.
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