Everest Group (EG) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$14.17

$11.49$17.08

vs $17.36-18.4%

15 analysts

Next Qtr

$8.38

$4.64$10.70

vs $7.54+11.1%

15 analysts

Current Yr

$52.01

$44.72$55.50

vs $44.54+16.8%

14 analysts

Next Yr

$60.60

$55.81$64.00

vs $52.01+16.5%

15 analysts

Revenue Estimates

Current Qtr

$3.54B

$3.42B$3.69B

vs $4.12B-14.1%

6 analysts

Next Qtr

$3.34B

$3.21B$3.47B

vs $3.75B-11.0%

6 analysts

Current Yr

$13.47B

$13.32B$13.65B

vs $15.51B-13.2%

7 analysts

Next Yr

$13.36B

$12.70B$13.85B

vs $13.47B-0.9%

7 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for EG on EDGAR.

EG filing events and research context
Filed	Item	Context
Feb 26, 2026	business	Everest Group, Ltd. (NYSE: EG) is a Bermuda-based global reinsurance and insurance organization operating across more than 100 countries. As of year-end 2025, the company reported $15.5 billion in shareholders’ equity and $62.5 billion in total assets. Its business is divided into two primary reportable segments: Reinsurance, which accounted for 72.4% of 2025 gross written premiums, and Insurance, representing 27.1%. The company utilizes a diversified distribution model, accessing business through both global brokers—notably Marsh McLennan and Aon—and direct relationships with ceding companies. Everest maintains a disciplined underwriting strategy, prioritizing profitability over volume. Its reinsurance portfolio is heavily weighted toward property catastrophe and casualty lines, while its insurance segment focuses on specialty casualty, professional liability, and property coverage. To sharpen its focus on core global reinsurance and wholesale specialty insurance, the company recently entered agreements to sell renewal rights for certain commercial retail insurance lines to AIG. Key risks include the inherent uncertainty of loss reserves, particularly for long-tail asbestos and environmental exposures, and potential regulatory shifts, such as new Bermuda group supervision requirements. The company manages these risks through an integrated Enterprise Risk Management framework and maintains "A+" financial strength ratings from A.M. Best.
Feb 26, 2026	mda	Everest Group (EG) reported net income of $1.6 billion for 2025, up from $1.4 billion in 2024, despite a 2.9% decline in gross written premiums to $17.7 billion. This premium contraction reflects strategic portfolio pruning in U.S. casualty lines and the sale of commercial retail renewal rights to AIG, which generated $252 million in purchase price plus transition service fees. The company’s combined ratio improved by 3.7 points to 98.6%, driven by lower catastrophe losses and reduced unfavorable prior-year reserve development. Key operational risks remain centered on U.S. casualty reserves, where elevated loss experience in accident years 2022–2024 necessitated strengthening. To mitigate volatility, EG entered into $1.2 billion in adverse development reinsurance agreements covering North American liabilities for 2024 and prior years. Catastrophe exposure remains a primary earnings driver; 2025 losses were dominated by Southern California wildfires ($512 million) and Hurricane Melissa ($159 million). The investment portfolio, totaling $45.4 billion, is 86.8% fixed-income, maintaining a 3.4-year duration. While the company faces regulatory uncertainty regarding Bermuda’s 2023 Corporate Income Tax Act and evolving OECD global minimum tax guidance, management maintains a strong capital position, supported by $1.6 billion in share repurchases and dividends during 2025.
Feb 26, 2026	risk_factors	EG faces significant underwriting risks driven by the frequency and severity of catastrophic events, including natural disasters, cyber incidents, and climate change, which complicate loss modeling and reinsurance availability. The company’s financial results are highly sensitive to reserve adequacy, particularly in long-tail lines like excess casualty and U.S. liability, where social inflation, litigation funding, and unpredictable legal outcomes have recently necessitated substantial reserve increases. Operational risks are centered on reliance on third-party brokers and agents, the potential for model failure in pricing and reserving, and the threat of cybersecurity breaches. As a global insurer, EG is also exposed to intense competition and cyclical pricing pressures, alongside regulatory risks stemming from its Bermuda-based structure and evolving international tax frameworks, including the OECD’s Pillar Two global minimum tax. Financial stability is further tied to investment portfolio performance, which is vulnerable to interest rate volatility, credit defaults, and equity market fluctuations. Any downgrade in financial strength ratings could trigger contract terminations or collateral requirements, impairing liquidity. Furthermore, the company’s reliance on its subsidiaries for dividends and the potential for adverse changes in U.S. or international tax laws pose ongoing threats to net income and capital flexibility.

Filed

Item

Context

Feb 26, 2026

business

Everest Group, Ltd. (NYSE: EG) is a Bermuda-based global reinsurance and insurance organization operating across more than 100 countries. As of year-end 2025, the company reported $15.5 billion in shareholders’ equity and $62.5 billion in total assets. Its business is divided into two primary reportable segments: Reinsurance, which accounted for 72.4% of 2025 gross written premiums, and Insurance, representing 27.1%. The company utilizes a diversified distribution model, accessing business through both global brokers—notably Marsh McLennan and Aon—and direct relationships with ceding companies. Everest maintains a disciplined underwriting strategy, prioritizing profitability over volume. Its reinsurance portfolio is heavily weighted toward property catastrophe and casualty lines, while its insurance segment focuses on specialty casualty, professional liability, and property coverage. To sharpen its focus on core global reinsurance and wholesale specialty insurance, the company recently entered agreements to sell renewal rights for certain commercial retail insurance lines to AIG. Key risks include the inherent uncertainty of loss reserves, particularly for long-tail asbestos and environmental exposures, and potential regulatory shifts, such as new Bermuda group supervision requirements. The company manages these risks through an integrated Enterprise Risk Management framework and maintains "A+" financial strength ratings from A.M. Best.

Feb 26, 2026

mda

Everest Group (EG) reported net income of $1.6 billion for 2025, up from $1.4 billion in 2024, despite a 2.9% decline in gross written premiums to $17.7 billion. This premium contraction reflects strategic portfolio pruning in U.S. casualty lines and the sale of commercial retail renewal rights to AIG, which generated $252 million in purchase price plus transition service fees. The company’s combined ratio improved by 3.7 points to 98.6%, driven by lower catastrophe losses and reduced unfavorable prior-year reserve development. Key operational risks remain centered on U.S. casualty reserves, where elevated loss experience in accident years 2022–2024 necessitated strengthening. To mitigate volatility, EG entered into $1.2 billion in adverse development reinsurance agreements covering North American liabilities for 2024 and prior years. Catastrophe exposure remains a primary earnings driver; 2025 losses were dominated by Southern California wildfires ($512 million) and Hurricane Melissa ($159 million). The investment portfolio, totaling $45.4 billion, is 86.8% fixed-income, maintaining a 3.4-year duration. While the company faces regulatory uncertainty regarding Bermuda’s 2023 Corporate Income Tax Act and evolving OECD global minimum tax guidance, management maintains a strong capital position, supported by $1.6 billion in share repurchases and dividends during 2025.

Feb 26, 2026

risk_factors

EG faces significant underwriting risks driven by the frequency and severity of catastrophic events, including natural disasters, cyber incidents, and climate change, which complicate loss modeling and reinsurance availability. The company’s financial results are highly sensitive to reserve adequacy, particularly in long-tail lines like excess casualty and U.S. liability, where social inflation, litigation funding, and unpredictable legal outcomes have recently necessitated substantial reserve increases. Operational risks are centered on reliance on third-party brokers and agents, the potential for model failure in pricing and reserving, and the threat of cybersecurity breaches. As a global insurer, EG is also exposed to intense competition and cyclical pricing pressures, alongside regulatory risks stemming from its Bermuda-based structure and evolving international tax frameworks, including the OECD’s Pillar Two global minimum tax. Financial stability is further tied to investment portfolio performance, which is vulnerable to interest rate volatility, credit defaults, and equity market fluctuations. Any downgrade in financial strength ratings could trigger contract terminations or collateral requirements, impairing liquidity. Furthermore, the company’s reliance on its subsidiaries for dividends and the potential for adverse changes in U.S. or international tax laws pose ongoing threats to net income and capital flexibility.

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EG filing events and research context

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