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Global reinsurance and specialty insurance company covering property, casualty and specialty risks worldwide.
Global reinsurance and specialty insurance company covering property, casualty and specialty risks worldwide.
Reinsurance carries the group: it takes a share of other insurers' risks in return for part of their premiums, earning an underwriting profit when premiums exceed claims, plus investment returns on the money held until claims are paid. A smaller insurance arm writes policies directly.
Moat: narrow (scale, distribution). Global reinsurance scale and long cedant relationships built over decades of underwriting cycles.
Headquarters: Hamilton, Bermuda · Founded: 1973 · Employees: 3,064
Size Everest (EG) is a United States Financials company (Property/Casualty Insurance) with a market value of $15.2B, the 591st largest of 3,117 United States companies the cockpit tracks. Shares closed at $411.11 on 6 Nov 2026.
Performance Over six months the shares gained 17.6%, against +17.3% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 8.7% over the last twelve months (peer median +2.8%); the operating margin is 14.8% (peer median 14.0%).
Valuation It trades at 1.08× book value against a peer median of 2.04× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 6.6%; Everest delivers 12.8%, so the price asks less than the business earns today.
Credit Everest has 2 bonds outstanding ($2.00B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 109 bp.
Short interest Short interest is 4.4% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $16.2B | $17.5B | $17.3B | $14.6B | $12.1B |
| Revenue growth | — | +1% | +18% | +21% | — |
| Net income | $1.89B | $1.59B | $1.37B | $2.52B | $597M |
| Free cash flow | $1.48B | $3.40B | $5.37B | $4.80B | $3.96B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $3.59B | $3.79B | $3.71B | $3.53B | $3.23B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Everest EG | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% |
| RenaissanceRe RNR | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% |
| Swiss Re SREN.SW | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% |
| Arch Capital ACGL | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.2% | +9.7% | 10th highest of 21 |
| 6-month return | +17.6% | +17.3% | 10th highest of 21 |
| Return on equity | 12.8% | 16.1% | 6th lowest of 21 |
| Price / book | 1.08× | 2.04× | 2nd cheapest of 21 |
| Trailing P/E | 8.7× | 12.7× | 3rd cheapest of 20 |
| ROE the price implies | 6.6% | 10.5% | 3rd least demanding of 21 |
| ROE delivered | 12.8% | 15.8% | 6th lowest of 20 |
| Bond spread | 109 bp | 105 bp | 3rd widest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Everest EG | United States | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% | 12.8% |
| Assurant AIZ | United States | $15.1B | +29% | +9% | 44% | 2.60× | 14.6% | 44.2% |
| Insurance Australia IAG.AX | Australia | $14.4B | +17% | +9% | 14% | 2.87× | 13.1% | 14.0% |
| Admiral ADM.L | United Kingdom | $16.1B | +23% | 0% | 46% | 8.04× | 33.5% | 45.6% |
| RenaissanceRe RNR | United States | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% | 13.4% |
| SamsungF&MIns 000810.KS | South Korea | $17.2B | +31% | +5% | 8% | 0.71× | 4.8% | 8.1% |
| American Financial AFG | United States | $12.8B | +18% | +3% | 18% | 2.67× | 15.1% | n/a |
| Erie Indemnity ERIE | United States | $12.7B | +26% | +2% | 24% | 4.98× | 19.7% | 23.7% |
| Loews L | United States | $22.2B | +5% | +3% | 8% | 1.22× | 8.3% | 8.1% |
| Markel MKL | United States | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% | 9.6% |
| QBE Insurance QBE.AX | Australia | $27.7B | +19% | +3% | 19% | 2.37× | 11.3% | 19.1% |
| Hanover Insurance THG | United States | $8.35B | +28% | +5% | 22% | 2.43× | 11.2% | 21.8% |
| Sampo SAMPO.HE | Finland | $29.1B | +10% | +2% | 16% | 3.60× | 11.3% | 16.5% |
| Scor SCR.PA | France | $6.96B | +10% | -4% | 19% | 1.44× | 9.8% | 18.8% |
| Hartford (The) HIG | United States | $35.8B | +1% | +4% | 23% | 1.94× | 11.3% | 22.7% |
| Definity Financial DFY.TO | Canada | $6.47B | +14% | +35% | 12% | 2.13× | 7.6% | 11.7% |
| Hagerty HGTY | United States | $6.18B | +79% | +1% | 5% | 8.42× | 53.7% | 4.6% |
| Selective Insurance SIGI | United States | $5.87B | +17% | +4% | 15% | 1.81× | 9.1% | 14.7% |
| MGIC Investment MTG | United States | $5.87B | +7% | -2% | 14% | 1.18× | 8.9% | 13.9% |
| Fairfax Financial FFH.TO | Canada | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% | 15.8% |
| PICC Property & Casualty 2328.HK | Hong Kong | $48.9B | +16% | +9% | 17% | 1.09× | 5.8% | 16.5% |
Everest has 2 bonds outstanding with $2.00B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 6.37%, a spread of 109 bp over government bonds.