Fundamentals snapshot
EG · NYQ · Financial Services · Insurance - Reinsurance
Current price
$371.71
52-week range
$302.44 - $401.07
Market cap
$14.25B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $31.00M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Everest Group is a special kind of insurance company whose main business is selling insurance to other insurance companies, a practice known as reinsurance. It makes money by collecting payments (premiums) to cover other insurers' potential large losses from events like hurricanes or major accidents. The company's success depends on accurately predicting risks so it can collect more in payments than it has to pay out for claims.
Everest Group began in 1973 as a part of Prudential Financial, focusing on reinsurance (insurance for insurance companies). In the 1990s, it became a separate, publicly traded company and took on the name Everest Re. Over the next couple of decades, it expanded beyond just reinsurance and started offering specialty insurance directly to businesses. To reflect that it was no longer just a reinsurance company, it officially changed its name to Everest Group, Ltd. in 2023.
Think of Everest Group as a financial safety net for big, expensive, and unusual risks. They operate in the world of property and casualty, which means they cover damage to property and legal responsibilities for harm caused to others. Instead of selling car or home insurance to individuals, they focus on two main areas: providing insurance for other insurance companies (reinsurance) and offering specialized insurance directly to businesses for complex risks. They make money by collecting payments, called premiums, and investing that money until it's needed to pay out claims (the money paid to a client who suffers a covered loss).
This is the company's original and largest business, making up the majority of its revenue. In this segment, Everest acts as an insurer for other insurance companies. For example, if a smaller insurance company has many customers in an area hit by a hurricane, the losses could be too large for it to handle alone. That company pays Everest a fee to take on a portion of that risk, protecting it from financial ruin. So, the customers are other insurance companies, who pay Everest to share the burden of the large-scale risks they cover.
This part of the company provides specialty insurance directly to commercial clients, which are businesses, not individuals. They don't offer standard business insurance; instead, they focus on complex and unique risks that many regular insurers might not cover, such as for marine, aviation, or cyber threats. Businesses with these special needs work with Everest, often through a broker (an insurance expert who helps find the right coverage), to get the protection they need. While this is a smaller part of the company than reinsurance, it has been a key area of growth.
The company's leadership is focused on being very selective about the risks they take on, a strategy called disciplined underwriting (the process of evaluating and pricing insurance risks). They are concentrating on growing their specialty insurance business and are also looking for opportunities in reinsurance where they can get good pricing for the risks they cover. Recently, they have been simplifying the company by selling off some of their less specialized retail insurance business to focus more on their core strengths. Management has also been actively buying back its own stock, which can signal they believe the company's shares are a good investment.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $31.0M - more cash than debt. Interest coverage 13.5x.
Everest Group, Ltd.'s profit covers its interest bill about 13.5 times over.
Total debt $3.59B Interest coverage 13.50x This is the baseline the peer rows are being compared against.
Total debt $2.34B Interest coverage 34.21x +154% vs EG Carries about 2.5x more debt cushion than EG.
Total debt $5.71B Interest coverage 5.21x -61% vs EG Carries about 2.6x less debt cushion than EG.
Total debt $4.29B Interest coverage 34.64x +157% vs EG Carries about 2.6x more debt cushion than EG.
Total debt $3.10B Interest coverage 18.97x +41% vs EG Carries about 1.4x more debt cushion than EG.
Total debt $1.49B Interest coverage 19.24x +43% vs EG Carries about 1.4x more debt cushion than EG.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
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Debt comparison
What you should know