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Everest Group
(NYSE:EG)
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Rating:78Outperform
Price Target:
$449.00
▲(16.59% Upside)
Action:Reiterated
Date:07/31/26
EG scores well primarily on strong financial quality (improving profitability and a de-risked balance sheet) and supportive earnings-call execution around disciplined underwriting and aggressive capital returns. Valuation is attractive (low P/E with a dividend), while the main constraints on the score are weakening cash flow trends and top-line softness, despite constructive price trends versus key moving averages.
Positive Factors
Strengthened balance sheet
Material deleveraging and a larger equity base increase underwriting capacity and absorb volatility from catastrophe or reserve moves. A lower debt-to-equity ratio and sizable equity on a large asset base improve capital flexibility for underwriting, reinsurance needs and long-term solvency.
Negative Factors
Weakening cash generation
A multi-year decline in operating and free cash flow reduces near-term financial flexibility for reinvestment, buybacks or reserve strengthening. Even though cash still covers earnings, the downward trend raises execution risk and constrains capacity to absorb shocks without altering capital returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened balance sheet
Material deleveraging and a larger equity base increase underwriting capacity and absorb volatility from catastrophe or reserve moves. A lower debt-to-equity ratio and sizable equity on a large asset base improve capital flexibility for underwriting, reinsurance needs and long-term solvency.
Read all positive factors
Everest Group Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks total revenue into components such as earned premiums, investment income, and fee income, revealing what actually drives the top line. Differentiating operating revenue from investment returns helps assess sustainability and sensitivity to market cycles.
Breaks total revenue into components such as earned premiums, investment income, and fee income, revealing what actually drives the top line. Differentiating operating revenue from investment returns helps assess sustainability and sensitivity to market cycles.
Data provided by:
The Fly
The FlyEverest Group (EG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.81B
Dividend Yield2.14%
Average Volume (3M)408.32K
Price to Earnings (P/E)8.0
Beta (1Y)0.42
Revenue Growth-5.12%
EPS Growth146.11%
CountryUS
Employees3,064
SectorFinancial
Sector Strength70
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)46.95
Shares Outstanding39,571,600
10 Day Avg. Volume363,081
30 Day Avg. Volume408,317
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)0.91
Price to Sales (P/S)0.81
P/FCF Ratio4.13
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$388.27Price Target Upside0.82% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)52.73
Revenue Forecast (FY)$15.91B
Everest Group Business Overview & Revenue Model
Company Description
Everest Group, Ltd., together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. It operates in two segment, Insurance and Reinsurance. The company writes property and casualty reinsur...
How the Company Makes Money
EG primarily generates revenue by selling research and advisory services to enterprises and service providers in the global services ecosystem. Key revenue streams include: (1) Research subscriptions/memberships that provide clients with access to...
Everest Group Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call emphasizes strong profitability, disciplined underwriting, capital returns and strategic initiatives (book value growth +12%, ROE 14.9%, $585M operating income, robust buybacks and third-party capital growth). These positive results are balanced against proactive reserve strengthening (~$255M), soft market pricing in property (market down 15%–20%), targeted declines in GWP (core ~7% YoY) and modest investment income headwinds. Management framed the actions as deliberate and confidence-inspiring (capital flexibility, sidecar launch, enhanced disclosure), indicating the company is positioned to navigate cycle risks while returning capital. Overall, positives from earnings, capital generation and strategic execution outweigh the near-term headwinds tied to reserves, cat/weather losses and market softness.Positive Updates
Strong Operating Income and Returns
Operating income of $585 million for the quarter; annualized after-tax net operating ROE of 14.9%; annualized total shareholder return of 16.8%.
Negative Updates
Reserve Strengthening — Casualty and Baltimore Bridge
Quarter included reserve strengthening: roughly just under $200 million of increases in North America casualty reserves (spread across accident years) and an approximate $55 million increase related to the Baltimore Bridge industry loss estimate (now ~ $2.8B–$3.0B industry estimate).
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Operating Income and Returns
Operating income of $585 million for the quarter; annualized after-tax net operating ROE of 14.9%; annualized total shareholder return of 16.8%.
Read all positive updates
Company Guidance
Management gave clear forward-looking targets and actions: share repurchases remain the top capital priority with a $300 million quarterly floor (they repurchased ~1.2M shares for $395M in Q2 at an average $342 and have bought $1.5B since Jan‑2025, reducing shares >10%); they expect to cede roughly $200M of premium per quarter to Annapurna Re over the next three years; core underwriting guidance includes a Treaty attritional loss ratio in the mid‑50s and Global Wholesale & Specialty combined ratios in the mid‑to‑high‑90s in the near term; catastrophe‑load guidance is ~8 points for Treaty and ~4 points for GWS; investment book yield was 4.5% (new‑money nearer 5%); Mount Logan AUM is ~$3.4B (up 89% from the start of 2025); and reporting changes (consolidated core results) plus a Q3 revision to after‑tax net operating income definitions were announced to improve transparency and comparability.Everest Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.70B | 17.32B | 17.08B | 14.46B | 11.98B | 11.33B |
| Gross Profit | 5.62B | 3.55B | 2.47B | 3.08B | 1.36B | 1.73B |
| EBITDA | 2.38B | 2.07B | 1.64B | 2.29B | 689.00M | 1.62B |
| Net Income | 1.91B | 1.59B | 1.37B | 2.52B | 597.00M | 1.38B |
Balance Sheet | ||||||
| Total Assets | 62.17B | 62.51B | 56.34B | 49.40B | 39.97B | 38.19B |
| Cash, Cash Equivalents and Short-Term Investments | 3.62B | 19.51B | 20.44B | 16.58B | 11.83B | 24.93B |
| Total Debt | 3.59B | 3.59B | 5.94B | 5.74B | 5.43B | 5.43B |
| Total Liabilities | 46.74B | 47.05B | 42.47B | 36.20B | 31.52B | 28.05B |
| Stockholders Equity | 15.43B | 15.46B | 13.88B | 13.20B | 8.44B | 10.14B |
Cash Flow | ||||||
| Free Cash Flow | 2.07B | 3.40B | 4.96B | 4.55B | 3.69B | 3.83B |
| Operating Cash Flow | 2.07B | 3.40B | 4.96B | 4.55B | 3.69B | 3.83B |
| Investing Cash Flow | -1.35B | -2.43B | -4.48B | -5.90B | -3.42B | -3.87B |
| Financing Cash Flow | -1.14B | -1.18B | -383.00M | 1.41B | -359.00M | 674.19M |
Everest Group Technical Analysis
Neutral
385.12
Price Trends
355.14
Positive
345.23
Positive
334.62
Positive
Market Momentum
7.90
Positive
51.68
Neutral
38.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EG, the sentiment is Neutral. The current price of 385.12 is above the 20-day moving average (MA) of 377.50, above the 50-day MA of 355.14, and above the 200-day MA of 334.62, indicating a neutral trend. The MACD of 7.90 indicates Positive momentum. The RSI at 51.68 is Neutral, neither overbought nor oversold. The STOCH value of 38.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EG.
Everest Group Risk Analysis
Everest Group disclosed 42 risk factors in its most recent earnings report. Everest Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Everest Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $13.30B | 5.46 | 22.68% | 0.49% | -14.15% | 48.57% | |
78 Outperform | $14.81B | 7.97 | 12.43% | 2.08% | -5.12% | 146.11% | |
77 Outperform | $12.57B | 9.12 | 16.36% | 1.79% | 11.06% | 60.96% | |
77 Outperform | $3.57B | 5.73 | 23.38% | ― | 20.32% | 98.92% | |
75 Outperform | $15.52B | 12.68 | 9.47% | 1.56% | 18.66% | 55.67% | |
74 Outperform | $2.75B | 5.70 | 21.84% | ― | 22.55% | 371.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
EG
Everest Group
372.05
53.87
16.93%
RGA
Reinsurance Group
236.37
61.76
35.37%
RNR
Renaissancere Holdings
321.37
82.79
34.70%
SF
Stifel Financial
83.57
10.00
13.60%
SPNT
SiriusPoint
23.64
5.25
28.55%
HG
Hamilton Insurance Group, Ltd. Class B
35.62
15.64
78.29%
Everest Group Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Everest Group unveils new reinsurance and specialty segments
Neutral
Jun 3, 2026
Effective January 1, 2026, Everest Group, Ltd. reorganized its reportable segments from Reinsurance and Insurance into three units: Reinsurance Treaty, Global Wholesale Specialty, and Legacy, following the sale of renewal rights for its Commercia...
Executive/Board ChangesShareholder Meetings
Everest Group Shareholders Approve Directors and Incentive Plan
Positive
May 15, 2026
At its Annual General Meeting held on May 13, 2026, Everest Group shareholders elected 11 directors, including John Amore, Laura Hay and James Williamson, to serve one-year terms expiring at the 2027 AGM, and reappointed KPMG as the company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.