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1. Company Snapshot

1.a. Company Description

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally.The company operates through Reinsurance Operations and Insurance Operations segments.The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.


The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in the United States, Bermuda, Canada, Europe, South America, France, Germany, Spain, Canada, Chile, the United Kingdom, Ireland, and the Netherlands.The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products.In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators.


The company was formerly known as Everest Re Group, Ltd.and changed its name to Everest Group, Ltd.in July 2023.


The company was founded in 1973 and is headquartered in Hamilton, Bermuda.

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1.b. Last Insights on EG

Everest Group's recent performance was driven by strong renewal retention, continued favorable rate increases, and prudent capital deployment. The company's fourth-quarter performance benefited from higher premiums, increased assets under management, and rate increases. Additionally, the new management team is expected to take bold steps, such as setting lower expectations and ensuring consistent results. However, Q4 earnings missed estimates due to higher expenses and underwriting loss. The company's reinsurance segment showed strength with higher premiums, but this was partially offset by the underwriting loss.

1.c. Company Highlights

2. Everest Group's Solid Q4 2025 Earnings: A Closer Look

Everest Group Limited reported a net operating income of $549 million for Q4 2025, with an operating return on equity of 14.2%. The company's gross written premiums were $4.3 billion, down 8.6% in constant dollars, driven by targeted reductions in U.S. casualty lines and the exit of the commercial retail insurance business. The combined ratio was 98.4%, including $216 million of catastrophe losses and $122 million of premium consideration for the adverse development cover. The actual EPS for the quarter came in at $13.26, slightly below estimates of $13.36.

Publication Date: Feb -16

📋 Highlights
  • Q4 Net Operating Income & Returns:: $549 million net operating income, 14.2% ROE, 13.1% annualized TSR.
  • Reinsurance Performance:: $255 million underwriting income, 91.2% combined ratio, driven by strong casualty pricing.
  • Share Buybacks & Valuation:: $500 million repurchased in Q4 & early 2026, book value up 20.1% to $379.83/share.
  • Catastrophe Impact:: $216 million in losses and $122 million premium consideration, leading to 98.4% combined ratio.
  • Expense Guidance:: 6-7% full-year expense ratio, with Global Wholesale/Specialty expected at 12-13% (trending lower).

Segment Performance

The reinsurance business performed well, with $255 million of underwriting income and a combined ratio of 91.2%. The insurance business saw a decrease in gross premiums written, but pricing remained strong, particularly in North American casualty lines. The company's reserve studies indicate a robust overall position, driven by short tail and specialty lines in reinsurance.

Capital Management and Share Buybacks

Everest repurchased $400 million of shares in Q4 and an additional $100 million in January 2026. The company's book value per share ended the quarter at $379.83, up 20.1% from year-end 2024. With a strong capital position and significant levels of excess capital, the company expects to continue share buybacks in 2026, potentially at a higher level than consensus estimates.

Outlook and Guidance

The company expects reinsurance pricing to decline by 10% to 15% in 2026, but feels good about its current positioning. The company prioritizes underwriting profits over top-line growth, with a focus on bottom-line profitability. Catastrophe losses are expected to be around $800 million for the year. The operating effective tax rate was 16.3% for the full year.

Valuation and Dividend Yield

With a Price-to-Book Ratio (P/B) of 0.91, Everest Group's valuation appears reasonable. The company's Dividend Yield is 2.37%, providing a relatively stable source of return for investors. Given the company's strong capital position and commitment to share buybacks, the current valuation metrics suggest that the stock may be undervalued.

3. NewsRoom

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Everest Group (NYSE:EG) Stock Acquired Rep. Gilbert Ray Cisneros, Jr.

Feb -22

Source: defenseworld.net

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AustralianSuper Pty Ltd Sells 8,088 Shares of Everest Group, Ltd. $EG

Feb -20

Source: defenseworld.net

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Everest Group Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses

Feb -19

Source: newsfilecorp.com

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Everest Group Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses

Feb -18

Source: businesswire.com

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Everest Group Report Highlights the Growing Role of Intelligent Document Processing in Modernizing Public Sector Service Delivery

Feb -18

Source: globenewswire.com

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Arnold Van Den Berg's Strategic Moves: MarketAxess Holdings Inc. Takes Center Stage

Feb -17

Source: gurufocus.com

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Contrasting Everest Group (NYSE:EG) & Swiss Re (OTCMKTS:SSREY)

Feb -17

Source: defenseworld.net

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Everest Q4 Earnings Miss, Revenues Top Estimates, Premiums Down Y/Y

Feb -05

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.77%)

6. Segments

Reinsurance

Expected Growth: 6.5%

Everest Group, Ltd.'s 6.5% reinsurance growth is driven by increasing demand for risk management, expansion into emerging markets, and a growing need for specialty insurance products. Additionally, the company's strategic partnerships, improved underwriting capabilities, and favorable regulatory environments contribute to its growth momentum.

Insurance

Expected Growth: 7.5%

Everest Group, Ltd.'s 7.5% growth in insurance is driven by increasing demand for risk management, expansion into emerging markets, and strategic partnerships. Additionally, investments in digital transformation, enhanced customer experience, and a diversified product portfolio have contributed to this growth.

7. Detailed Products

IT Services

Everest Group's IT Services provide strategic guidance and operational support to help clients optimize their IT infrastructure, applications, and operations.

Business Process Outsourcing (BPO)

Everest Group's BPO services help clients outsource non-core business processes, such as finance and accounting, human resources, and customer service.

Digital Transformation

Everest Group's Digital Transformation services help clients develop and implement digital strategies to improve customer experience, increase efficiency, and reduce costs.

Sourcing and Vendor Management

Everest Group's Sourcing and Vendor Management services help clients develop and implement effective sourcing strategies and manage vendor relationships.

Global Sourcing

Everest Group's Global Sourcing services help clients develop and implement global sourcing strategies to reduce costs, improve efficiency, and mitigate risk.

Research and Advisory Services

Everest Group's Research and Advisory Services provide clients with actionable insights and advice on industry trends, best practices, and market developments.

8. Everest Group, Ltd.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Everest Group, Ltd. has a moderate threat of substitutes due to the availability of alternative services and products in the market.

Bargaining Power Of Customers

Everest Group, Ltd. has a high bargaining power of customers due to the presence of large and established clients who can negotiate prices and services.

Bargaining Power Of Suppliers

Everest Group, Ltd. has a low bargaining power of suppliers due to the availability of multiple suppliers and the company's ability to negotiate prices.

Threat Of New Entrants

Everest Group, Ltd. has a moderate threat of new entrants due to the presence of barriers to entry and the company's established market position.

Intensity Of Rivalry

Everest Group, Ltd. operates in a highly competitive market with many established players, leading to a high intensity of rivalry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 20.53%
Debt Cost 3.95%
Equity Weight 79.47%
Equity Cost 6.79%
WACC 6.21%
Leverage 25.83%

11. Quality Control: Everest Group, Ltd. passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Main Street Capital

A-Score: 7.1/10

Value: 4.6

Growth: 5.9

Quality: 6.7

Yield: 9.0

Momentum: 7.0

Volatility: 9.3

1-Year Total Return ->

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Stock-Card
Conduit Holdings

A-Score: 6.7/10

Value: 6.9

Growth: 10.0

Quality: 6.6

Yield: 9.0

Momentum: 1.5

Volatility: 6.3

1-Year Total Return ->

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Stock-Card
RenaissanceRe

A-Score: 6.4/10

Value: 8.4

Growth: 8.6

Quality: 8.0

Yield: 1.0

Momentum: 3.5

Volatility: 8.7

1-Year Total Return ->

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Stock-Card
RGA

A-Score: 5.8/10

Value: 7.3

Growth: 6.2

Quality: 5.4

Yield: 4.0

Momentum: 3.0

Volatility: 8.7

1-Year Total Return ->

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Stock-Card
Everest Group

A-Score: 5.6/10

Value: 6.4

Growth: 6.4

Quality: 4.8

Yield: 5.0

Momentum: 2.0

Volatility: 8.7

1-Year Total Return ->

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Stock-Card
Brookfield Reinsurance

A-Score: 5.2/10

Value: 8.9

Growth: 6.2

Quality: 6.6

Yield: 0.0

Momentum: 6.0

Volatility: 3.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

340.6$

Current Price

340.61$

Potential

-0.00%

Expected Cash-Flows