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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 reinsurance; treaty and facultative reinsurance products; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies; and writes property and casualty insurance directly, as well as through brokers, surplus lines, and general agents. It provides reinsurance products comprising mortgage, catastrophe, marine, aviation, engineering, professional line, credit and surety, motor, agriculture/crop, and political violence reinsurance products. In addition, the company 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.Everest Group, Ltd., was founded in 1973 and is headquartered in Hamilton, Bermuda.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $17.2B | - | $1.6B | $3.1B | 10.3% | 0.8% | 15.9% |
| 2024 | $17.1B | - | $1.4B | $5.0B | 9.9% | 18.1% | -45.5% |
| 2023 | $14.5B | - | $2.5B | $4.6B | 19.1% | 20.7% | 321.6% |
| 2022 | $12.0B | - | $597M | $3.7B | 7.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 11,985 | 14,464 | 17,076 | 17,218 |
| Operating Revenue | - | 11,985 | 14,464 | 17,076 | 17,218 |
| Selling General And Administration | 68 | 61 | - | - | - |
| Total Expenses | - | 11,397 | 12,311 | 15,581 | 15,332 |
| EBIT | - | 689 | 2,288 | 1,642 | 2,038 |
| Interest Income | - | 2 | 10 | 26 | 26 |
| Interest Expense | - | 101 | 134 | 149 | 151 |
| Net Interest Income | - | -101 | -134 | -149 | -151 |
| Other Income Expense | - | -102 | -14 | 121 | -45 |
| Interest Expense Non Operating | - | 101 | 134 | 149 | 151 |
| Net Non Operating Interest Income Expense | - | -101 | -134 | -149 | -151 |
| Pretax Income | - | 588 | 2,154 | 1,493 | 1,887 |
| Tax Provision | - | -9 | -363 | 120 | 296 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 597 | 2,517 | 1,373 | 1,591 |
| Net Income From Continuing And Discontinued Operation | - | 597 | 2,517 | 1,373 | 1,591 |
| Net Income From Continuing Operation Net Minority Interest | - | 597 | 2,517 | 1,373 | 1,591 |
| Net Income | - | 597 | 2,517 | 1,373 | 1,591 |
| Net Income Common Stockholders | - | 589 | 2,488 | 1,358 | 1,573 |
| Net Income Including Noncontrolling Interests | - | 597 | 2,517 | 1,373 | 1,591 |
| Normalized Income | - | 597 | 2,517 | 1,373 | 1,591 |
| Diluted NI Availto Com Stockholders | - | 589 | 2,488 | 1,358 | 1,573 |
| Basic Average Shares | - | 38.80 | 41.82 | 43.20 | 42.09 |
| Diluted Average Shares | - | 38.80 | 41.82 | 43.20 | 42.09 |
| General And Administrative Expense | 68 | 61 | - | - | - |
| Other Gand A | 68 | 61 | - | - | - |
| Other Operating Expenses | - | 61 | 73 | 95 | 109 |
| Otherunder Preferred Stock Dividend | - | 8 | 29 | 15 | 18 |
| Loss Adjustment Expense | - | 8,100 | 8,428 | 11,305 | 10,859 |
| Net Policyholder Benefits And Claims | - | 8,100 | 8,428 | 11,305 | 10,859 |
| Policyholder Benefits Gross | - | 9,088 | 9,079 | 12,929 | 12,435 |
| Policyholder Benefits Ceded | - | 988 | 651 | 1,624 | 1,576 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Everest Group, Ltd.this co. | EG | $12.6B | 7.95↓ discount | 0.82 | 10.3% | - |
| Principal Financial Group, Inc. | PFG | $22.4B | 18.87 | 1.88 | 10.0% | - |
| Loews Corporation | L | $21.6B | 12.96 | 1.16 | 8.9% | - |
| Brown & Brown, Inc. | BRO | $19.4B | 18.65 | 1.55 | 8.3% | 12.86 |
| Franklin Resources, Inc. | BEN | $16.6B | 31.65 |
| - |
| - |
| - |
| - |
| - |
| 1.38 |
| 4.3% |
| 18.63 |
| Invesco Ltd. | IVZ | $12.5B | -44.33 | 1.28 | -2.9% | 13.22 |
| Assurant, Inc. | AIZ | $12.5B | 14.29 | 2.12 | 14.9% | - |
| Globe Life Inc. | GL | $12.0B | 10.32 | 2.01 | 19.4% | - |
| Erie Indemnity Company | ERIE | $11.5B | 20.52 | 5.03 | 24.5% | - |
| Peer Median | - | 16.47 | 1.72 | 9.4% | 13.22 | |