The reinsurer screens inexpensively on forward earnings and converts an unusually high share of income into cash, but severe product and counterparty concentration and an inconsistent recent earnings record — including a large miss — limit the investment case at current prices where the risk/reward is unfavorable.
Thesis pillars
- Deep Forward Valuation Discount→Stable
- Superior Cash Conversion Quality↓Deteriorating
- Severe Product Counterparty Concentration↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026· older than 90 days
Everest Group, Ltd. (EG) Stock Analysis
Financial Services · Insurance - Reinsurance
Sell if holding. Engine safety override at $421.30: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Elevated put/call ratio: 1.44; Below-average business quality.
Everest Group is a Bermuda-based reinsurance and insurance company with $62.5 billion in total assets, having written $17.7 billion in gross written premiums in 2025 across more than 100 countries. Underwriting income and investment returns drive profitability, with 72.4% of... Read more
Sell if holding. Engine safety override at $421.30: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Elevated put/call ratio: 1.44; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.4/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 90d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Everest Group, Ltd.
About Everest Group, Ltd.
Everest Group wrote $17.7 billion in gross written premiums in 2025, with 72.4% from the Reinsurance segment and 27.1% from Insurance. The company held shareholders' equity of $15.5 billion and total assets of $62.5 billion at December 31, 2025, operating across more than 100 countries. Approximately 65.9% of 2025 premiums were written through the broker reinsurance market, with Marsh McLennan accounting for 22.4% and Aon accounting for 18.7% of gross written premiums.
Everest generates revenue through underwriting income—earned premiums minus losses, LAE, commission, and other expenses—and investment income from a portfolio predominantly in fixed income securities. In the Reinsurance segment, which wrote $12.8 billion in gross written premiums in 2025, the four largest lines are Property Pro Rata (36.3% of reinsurance GWP), Casualty Pro Rata (21.3%), Property Catastrophe XOL (18.3%), and Property Non-Catastrophe XOL (5.7%). The Insurance segment writes commercial property and casualty on admitted and non-admitted bases through wholesale and retail brokers, surplus lines brokers, and program administrators; in 2025, no single program administrator exceeded 4.3% of Insurance segment GWP. In October 2025, the company sold renewal rights to certain commercial retail insurance lines to AIG for aggregate proceeds of $252 million for U.S., U.K., and Asia Pacific lines plus $49 million for EU lines, sharpening focus on reinsurance and wholesale/specialty. Ceded written premiums represented 12.4% of gross written premiums in 2025.
Show full overview
Everest's reserve development is the clearest risk signal in the current filing: the company increased its loss reserves by $657 million pre-tax and net of reinsurance for 2025, primarily reflecting unfavorable development on accident years 2022–2024 in excess casualty and U.S. liability lines, following a $1.337 billion pre-tax reserve charge in 2024. Each of A.M. Best, S&P, and Moody's has assigned a negative outlook to the company's financial strength ratings; if any rating falls below A- under A.M. Best or S&P triggers, treaty reinsurance agreements allow ceding companies to terminate contracts or require collateralization of Everest's obligations.
See also: Financial Services · Insurance - Reinsurance
From Everest Group, Ltd.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated Nov 5, 2026Recent Developments — Everest Group, Ltd.
Latest news
- NEWS Everest Group, Ltd. Declares Dividend — fiscal.ai Nov 5, 2026 positive
- NEWS Everest Group, Ltd. Stock 12‑Month Price Target Raised to $412.82, Implies 7% Upside - TradingView — TradingView Oct 29, 2026 positive
- NEWS Everest Group (NYSE:EG) misses Q3 2026 revenue estimates - StockStory — StockStory Oct 28, 2026 negative
- NEWS Everest Group (NYSE:EG) misses Q3 2026 revenue estimates - Yahoo Finance — Yahoo Finance Oct 28, 2026 negative
- NEWS Everest Group (NYSE:EG) misses Q3 2026 revenue estimates - TradingView — TradingView Oct 28, 2026 negative
Latest item Nov 5, 2026 · Generated 2026-11-05T11:54:11Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductReinsurance segment72%10-K Item 1: 'approximately 72.4% representing Reinsurance and 27.1% representing Insurance'
- HIGHcounterpartyten largest brokers61%10-K Item 1: 'The Reinsurance segment's ten largest brokers accounted for an aggregate of approximately 60.9% of gross written premiums in 2025.'
- LOWcounterpartyMarsh McLennan22%10-K Item 1: 'The broker with the largest share of the company's business, Marsh McLennan, accounted for approximately 22.4% of gross written premiums.'
- LOWcounterpartyAon19%10-K Item 1: 'The broker with the next-largest share, Aon, accounted for approximately 18.7% of gross written premiums.'
Material Events(8-K, last 90d)
- 2026-03-16Item 5.02MEDIUMEVP and General Counsel Ricardo Anzaldua separated per agreement dated March 13, 2026. Company to pay $7.25 million; Anzaldua agreed to advisory services for up to 9 months post-employment. Previously announced transition; no successor named.SEC filing →
- 2026-05-15Item 5.02LOWShareholders approved May 13, 2026 an amendment to the 2020 Stock Incentive Plan increasing available common shares by 812,000. Routine compensatory arrangement approval; no departure or appointment.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
4 floor-breakers
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Revenue shrinking — -14.4% YoY. Growth thesis broken unless recovery story develops.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $421.30: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Elevated put/call ratio: 1.44; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $399.82. Score 5.4/10, moderate confidence.
Analyst target $385.54 reached (−8.5% from $421.30); no take-profit level is published. Prior stop was $399.82. Stop-loss: $399.82.
Concentration risk — Product: Reinsurance segment (72.4%); Concentration risk — Counterparty: ten largest brokers (60.9%); Target reached (-8.5% upside).
Everest Group, Ltd. trades at a P/E of 8.9 (forward 7.0). TrendMatrix value score: 8.5/10. Verdict: Sell.
27 analysts rate EG, with a consensus score of 3.7/5. 16 analysts publish price targets averaging $428.
What does Everest Group, Ltd. do?Everest Group is a Bermuda-based reinsurance and insurance company with $62.5 billion in total assets, having written...
Everest Group is a Bermuda-based reinsurance and insurance company with $62.5 billion in total assets, having written $17.7 billion in gross written premiums in 2025 across more than 100 countries. Underwriting income and investment returns drive profitability, with 72.4% of premiums from reinsurance and 27.1% from insurance.