Everest Group (EG)
NYSE:EG
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Everest Group
(NYSE:EG)
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Rating:72Outperform
Price Target:
$351.00
▲(4.59% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by strong financial resilience (notably improved leverage and still-healthy profitability) and attractive valuation (low P/E with a decent yield). These positives are partially offset by weak technical momentum (below major moving averages with negative MACD and low RSI/Stoch) and near-term transition costs and premium declines highlighted in guidance, with the recent divestiture further supporting the ongoing strategic repositioning.
Positive Factors
Balance sheet improvement
Leverage has declined materially and equity has grown, giving Everest durable financial flexibility. Lower debt-to-equity and sizable equity support underwriting volatility, fund reserve runoff or acquisitions, and sustain capital returns like buybacks without eroding solvency over the 2026 horizon.
Negative Factors
Top-line decline from exits and cuts
Divestitures and deliberate casualty reductions have materially shrunk the revenue base. Reduced GWP and revenue compress scale benefits, limit diversification, and could slow absolute earnings growth even if unit economics improve, making recovery reliant on new-book expansion or M&A.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet improvement
Leverage has declined materially and equity has grown, giving Everest durable financial flexibility. Lower debt-to-equity and sizable equity support underwriting volatility, fund reserve runoff or acquisitions, and sustain capital returns like buybacks without eroding solvency over the 2026 horizon.
Read all positive factors
Everest Group (EG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.56B
Dividend Yield2.37%
Average Volume (3M)331.95K
Price to Earnings (P/E)8.8
Beta (1Y)0.44
Revenue Growth8.62%
EPS Growth-78.92%
CountryUS
Employees3,037
SectorFinancial
Sector Strength70
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)13.26
Shares Outstanding40,390,152
10 Day Avg. Volume266,708
30 Day Avg. Volume331,946
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.91
Price to Sales (P/S)0.81
P/FCF Ratio4.13
Enterprise Value/Market Cap1.17
Enterprise Value/Revenue0.91
Enterprise Value/Gross Profit4.45
Enterprise Value/Ebitda7.65
Forecast
1Y Price Target
$355.86Price Target Upside6.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)53.1
Revenue Forecast (FY)$16.84B
Everest Group Business Overview & Revenue Model
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 O...
How the Company Makes Money
Everest Group primarily makes money by selling research and advisory services. Key revenue streams generally include: (1) subscription-based access to syndicated research and data products (e.g., market intelligence, industry reports, provider ass...
Everest Group Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Neutral
The call conveyed a balanced but constructive view: management emphasized meaningful strategic progress (portfolio simplification, reserve protection via an ADC, strengthened leadership), strong investment income, solid reinsurance underwriting results, improved book value, and an aggressive buyback program. At the same time, near‑term headwinds include a meaningful drop in gross written premium driven by the retail divestiture and targeted casualty reductions, one‑time restructuring and ADC costs that elevated the combined ratio and produced negative operating cash flow in the quarter, and a temporarily high combined ratio in the transitioning Other segment. Management framed most negatives as transitional or one‑time and reiterated plans to prioritize buybacks while expecting underwriting and margin improvement over 2026–2027.Positive Updates
Strong capital returns and buybacks
Repurchased $400 million of shares in Q4 2025 and an additional $100 million in January 2026; full-year 2025 repurchases totaled ~$800 million (2.4 million shares at an average price of $333). Management set a quarterly buyback floor of $200 million and signaled continued repurchases given the discounted valuation.
Negative Updates
Decline in gross written premium
Group gross written premiums were $4.3 billion in Q4, down 8.6% in constant dollars (excluding reinstatement premiums) year‑over‑year, driven primarily by the sale of the commercial retail business and deliberate underwriting reductions (notably U.S. casualty). Insurance segment GWP decreased 20.1% in constant dollars to $1.1 billion.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong capital returns and buybacks
Repurchased $400 million of shares in Q4 2025 and an additional $100 million in January 2026; full-year 2025 repurchases totaled ~$800 million (2.4 million shares at an average price of $333). Management set a quarterly buyback floor of $200 million and signaled continued repurchases given the discounted valuation.
Read all positive updates
Company Guidance
Management's guidance for 2026 emphasized disciplined underwriting, capital returns and transition costs: they expect group underwriting-related operating expenses of about 6%–7% for the year (trending to the low end of ~6% by 2027), the Other (exited retail) segment to run a combined ratio above 110% in 2026 with an expected ~$10M monthly net benefit from AIG for the first nine months and ~ $150M of restructuring charges in 2026 (including ~$80M of real‑estate costs in Q4), and they will maintain elevated loss picks for U.S. liability while noting U.S. casualty rate remains in excess of loss trend; Global Wholesale & Specialty is expected to start with an underwriting expense ratio in the low double digits (roughly 12%–13%) and move to a mid‑90s all‑in combined ratio as mix and scaling improve; capital actions include a $200M quarterly buyback floor (willingness to exceed it), Q4 repurchases of $400M plus $100M in Jan 2026 (full‑year 2025 buybacks ~$800M at an average $333/share), expected capital releases (≈$1B of capital currently supporting the runoff reserves that should begin to free up in H2), and continued emphasis on buybacks given book value per share of $379.83, shareholders’ equity of $15.5B, a book yield of 4.5% (new‑money ≈4.7%), short duration (~3.4 years) and strong fixed‑income quality (AA‑).Everest Group Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.32B | 17.08B | 14.46B | 11.98B | 11.33B |
| Gross Profit | 3.55B | 2.47B | 3.08B | 1.36B | 1.73B |
| EBITDA | 2.07B | 1.64B | 2.29B | 689.00M | 1.62B |
| Net Income | 1.59B | 1.37B | 2.52B | 597.00M | 1.38B |
Balance Sheet | |||||
| Total Assets | 62.51B | 56.34B | 49.40B | 39.97B | 38.19B |
| Cash, Cash Equivalents and Short-Term Investments | 19.51B | 20.44B | 16.58B | 11.83B | 24.93B |
| Total Debt | 3.59B | 5.94B | 5.74B | 5.43B | 5.43B |
| Total Liabilities | 47.05B | 42.47B | 36.20B | 31.52B | 28.05B |
| Stockholders Equity | 15.46B | 13.88B | 13.20B | 8.44B | 10.14B |
Cash Flow | |||||
| Free Cash Flow | 3.40B | 4.96B | 4.55B | 3.69B | 3.83B |
| Operating Cash Flow | 3.40B | 4.96B | 4.55B | 3.69B | 3.83B |
| Investing Cash Flow | -2.43B | -4.48B | -5.90B | -3.42B | -3.87B |
| Financing Cash Flow | -1.18B | -383.00M | 1.41B | -359.00M | 674.19M |
Everest Group Technical Analysis
Positive
335.61
Price Trends
328.20
Positive
324.92
Positive
328.94
Positive
Market Momentum
0.28
Negative
59.67
Neutral
82.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EG, the sentiment is Positive. The current price of 335.61 is above the 20-day moving average (MA) of 322.95, above the 50-day MA of 328.20, and above the 200-day MA of 328.94, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 59.67 is Neutral, neither overbought nor oversold. The STOCH value of 82.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $3.10B | 4.91 | 22.09% | ― | 22.79% | -5.17% | |
80 Outperform | $13.48B | 4.70 | 24.24% | 0.57% | -3.96% | -48.08% | |
75 Outperform | $2.70B | 5.55 | 20.87% | ― | 7.87% | -4.68% | |
73 Outperform | $13.69B | 11.38 | 9.48% | 1.76% | 2.10% | 19.23% | |
72 Outperform | $13.56B | 8.83 | 10.61% | 2.37% | 8.62% | -78.92% | |
70 Outperform | $11.94B | 12.55 | 11.96% | 1.43% | 7.54% | 2.73% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
EG
Everest Group
335.61
2.39
0.72%
RGA
Reinsurance Group
208.80
38.40
22.54%
RNR
Renaissancere Holdings
309.85
79.22
34.35%
SF
Stifel Financial
77.13
24.60
46.83%
SPNT
SiriusPoint
23.09
7.31
46.32%
HG
Hamilton Insurance Group, Ltd. Class B
31.22
14.70
88.96%
Everest Group Corporate Events
Business Operations and StrategyM&A Transactions
Everest Group Divests Canadian Retail Insurance to Wawanesa
Positive
Mar 23, 2026
On March 22, 2026, Everest Underwriting Group (Ireland) Limited, a direct subsidiary of Everest Group, Ltd., agreed to sell all outstanding shares of Everest Insurance Company of Canada, its Canadian retail insurance arm, to The Wawanesa Mutual In...
Executive/Board ChangesRegulatory Filings and Compliance
Everest Group Finalizes Exit Agreement With Former General Counsel
Neutral
Mar 16, 2026
On March 13, 2026, Everest Group, Ltd. entered into a Separation, Transition Services and General Release Agreement with its former Executive Vice President and General Counsel, Ricardo Anzaldua, in connection with a previously announced General C...
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.