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Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 60.2GRADE B
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
10.7%
Sector: 8.5%
Dividend Analysis audit
INCOME
2.86%
Trailing Yield
$2.86
Per $100 Invested
Solid dividend yield for income-focused strategies.
Est. Payout Ratio
23%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, EVEREST GROUP, LTD. (EG) receives a "Hold" rating with a composite score of 53.4/100, ranked #705 out of 4446 stocks. Key factor scores: Quality 60/100, Value 77/100, Momentum 37/100. This is quantitative analysis only — not investment advice.
EVEREST GROUP, LTD. (EG) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does EVEREST GROUP, LTD. Do?
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in Bermuda, Canada, Europe, South America, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. Everest Re Group, Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda. EVEREST GROUP, LTD. (EG) is classified as a large-cap stock in the Financials sector, specifically within the Insurance industry. The company is led by CEO Juan C. Andrade and employs approximately 2,430 people, headquartered in HAMILTON, New Jersey. With a market capitalization of $13.1B, EG is one of the prominent companies in the Financials sector.
EVEREST GROUP, LTD. (EG) Stock Rating — Hold (April 2026)
As of April 2026, EVEREST GROUP, LTD. receives a Hold rating with a composite score of 53.4/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.EG ranks #705 out of 4,446 stocks in our coverage universe. Within the Financials sector, EVEREST GROUP, LTD. ranks #210 of 891 stocks, placing it in the top quartile of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
EG Stock Price and 52-Week Range
EVEREST GROUP, LTD. (EG) currently trades at $329.87. The stock lost $5.74 (1.7%) in the most recent trading session. The 52-week high for EG is $370.20, which means the stock is currently trading -10.9% from its annual peak. The 52-week low is $302.44, putting the stock 9.1% above its annual trough. Recent trading volume was 294K shares, suggesting relatively thin trading activity.
Is EG Overvalued or Undervalued? — Valuation Analysis
EVEREST GROUP, LTD. (EG) carries a value factor score of 77/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 8.14x, compared to the Financials sector average of 14.88x — a discount of 45%. The price-to-book ratio stands at 0.87x, versus the sector average of 1.22x. The price-to-sales ratio is 0.78x, compared to 0.90x for the average Financials stock. On an enterprise value basis, EG trades at 7.05x EV/EBITDA, versus 3.26x for the sector.
Based on these multiples, EVEREST GROUP, LTD. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
EVEREST GROUP, LTD. Profitability — ROE, Margins, and Quality Score
EVEREST GROUP, LTD. (EG) earns a quality factor score of 60/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 10.7%, compared to the Financials sector average of 8.5%, which is within a healthy range. Return on assets (ROA) comes in at 2.6% versus the sector average of 1.2%.
On a margin basis, EVEREST GROUP, LTD. reports gross margins of 0.0%. The operating margin is 10.9% (sector: 21.8%). Net profit margin stands at 9.5%, versus 17.7% for the average Financials stock. Revenue growth is running at 2.2% on a trailing basis, compared to 9.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
EG Debt, Balance Sheet, and Financial Health
EVEREST GROUP, LTD. has a debt-to-equity ratio of 304.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.33x, suggesting adequate working capital coverage. Total debt on the balance sheet is $3.60B. Cash and equivalents stand at $1.54B.
EG has a beta of 0.46, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for EVEREST GROUP, LTD. is 88/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
EVEREST GROUP, LTD. Revenue and Earnings History — Quarterly Trend
In TTM 2026, EVEREST GROUP, LTD. reported revenue of $17.36B and earnings per share (EPS) of $37.80. Net income for the quarter was $1.65B. Gross margin was 0.0%. Operating income came in at $1.91B.
In FY 2025, EVEREST GROUP, LTD. reported revenue of $17.50B and earnings per share (EPS) of $37.80. Net income for the quarter was $1.59B. Revenue grew 1.2% year-over-year compared to FY 2024. Operating income came in at $1.89B.
In Q3 2025, EVEREST GROUP, LTD. reported revenue of $4.32B and earnings per share (EPS) of $6.09. Net income for the quarter was $255M. Revenue grew 0.8% year-over-year compared to Q3 2024. Operating income came in at $269M.
In Q2 2025, EVEREST GROUP, LTD. reported revenue of $4.49B and earnings per share (EPS) of $16.10. Net income for the quarter was $680M. Revenue grew 6.2% year-over-year compared to Q2 2024. Operating income came in at $815M.
Over the past 8 quarters, EVEREST GROUP, LTD. has demonstrated a growth trajectory, with revenue expanding from $4.23B to $17.36B. Investors analyzing EG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
EG Dividend Yield and Income Analysis
EVEREST GROUP, LTD. (EG) currently pays a dividend yield of 2.9%. At this yield, a $10,000 investment in EG stock would generate approximately $$286.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning EG offers above-average income for its sector. The net margin of 9.5% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
EG Momentum and Technical Analysis Profile
EVEREST GROUP, LTD. (EG) has a momentum factor score of 37/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 33/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 25/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
EG vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing EG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full EG vs S&P 500 (SPY) comparison to assess how EVEREST GROUP, LTD. stacks up against the broader market across all factor dimensions.
EG Next Earnings Date
No upcoming earnings date has been announced for EVEREST GROUP, LTD. (EG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy EG? — Investment Thesis Summary
EVEREST GROUP, LTD. presents a balanced picture with arguments on both sides. The quality score of 60/100 indicates above-average profitability and business fundamentals. The value score of 77/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 37/100, a headwind for near-term performance. Low volatility (stability score 88/100) reduces downside risk.
In summary, EVEREST GROUP, LTD. (EG) earns a Hold rating with a composite score of 53.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on EG stock.
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Institutional Research Dossier
EVEREST GROUP, LTD. (EG) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
We maintain a Hold rating on Everest Group (EG), driven by a balanced view of its attractive valuation metrics offset by concerns regarding its profitability relative to peers and the inherent cyclicality of the reinsurance and insurance industries. While EG presents a compelling value proposition based on its low P/E and EV/EBITDA multiples, its lower operating and net margins compared to the sector, coupled with a high debt-to-equity ratio, warrant caution.
The company's strategic positioning in both reinsurance and insurance provides diversification, but its ability to consistently generate sector-leading profitability remains a key uncertainty. Investors should closely monitor EG's underwriting performance, expense management, and capital allocation decisions to assess its long-term value creation potential.
Business Strategy & Overview
Everest Group operates through two primary segments: Reinsurance Operations and Insurance Operations. The Reinsurance segment focuses on writing property and casualty reinsurance, along with specialty lines, through brokers and directly with ceding companies across various geographies. This segment is crucial for EG as it provides a significant portion of the company's revenue and allows it to capitalize on global reinsurance trends and pricing dynamics. The Insurance Operations segment, on the other hand, writes property and casualty insurance directly and through brokers, focusing on admitted and non-admitted insurance products. This segment offers diversification and allows EG to capture insurance premiums directly from end-users.
EG's strategic positioning involves a diversified approach, offering both reinsurance and insurance products. This allows the company to navigate market cycles more effectively, as strong performance in one segment can offset weaker performance in the other. The company also focuses on specialty lines of business, which often offer higher margins and less competition compared to standard property and casualty insurance. Furthermore, EG has a global presence, operating in key markets such as the United States, Bermuda, Europe, and Asia, which provides geographic diversification and access to different risk pools.
The company's growth strategy involves expanding its presence in existing markets and entering new markets, both organically and through acquisitions. EG also focuses on improving its underwriting capabilities and risk management practices to enhance profitability and reduce volatility. The company invests in technology and data analytics to improve its pricing accuracy and claims management efficiency. Additionally, EG actively manages its capital, returning excess capital to shareholders through dividends and share repurchases.
The insurance and reinsurance industry is highly competitive, with numerous global and regional players. Key competitors include companies like Swiss Re, Munich Re, Berkshire Hathaway, and other large insurance groups. The industry is also subject to regulatory oversight and is influenced by macroeconomic factors such as interest rates, inflation, and economic growth. Catastrophic events, such as hurricanes, earthquakes, and wildfires, can significantly impact the profitability of insurance and reinsurance companies. EG's ability to effectively manage these risks and adapt to changing market conditions is crucial for its long-term success.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
2.2%
Sector: 9.4%
-77% VS SCTR
Economic Moat Analysis
Everest Group's economic moat can be classified as Narrow. While the company possesses certain advantages, they are not strong enough to create a wide and sustainable competitive edge. The primary source of EG's moat stems from its underwriting expertise and established relationships with brokers and ceding companies, particularly within its reinsurance operations. Underwriting expertise, built over decades, allows EG to accurately assess and price risk, leading to profitable underwriting results over the long term. These relationships, fostered through consistent service and reliability, create a degree of stickiness and make it more difficult for competitors to displace EG.
However, the reinsurance and insurance industries are inherently competitive, with numerous players vying for market share. The commoditized nature of many insurance products limits the ability to differentiate based on product features alone. While EG focuses on specialty lines, these areas are also subject to competition, and new entrants can emerge, eroding any temporary advantage. Furthermore, the cyclical nature of the industry, with periods of soft pricing and increased competition, can pressure underwriting margins and profitability.
EG's intangible assets, such as its brand reputation and regulatory licenses, contribute to its moat, but these are not insurmountable barriers to entry. While a strong brand can attract customers and partners, it is not a guarantee of sustained profitability. Regulatory licenses are necessary to operate in the industry, but they are generally obtainable by qualified companies. The switching costs for customers are relatively low, as they can easily switch to competing insurers or reinsurers if they offer better pricing or terms.
EG does not possess significant cost advantages or benefit from efficient scale. The company's operating margin of 10.9% is significantly lower than the sector average of 22.0%, indicating that it does not have a cost structure that is superior to its peers. While EG has a global presence, it does not have a dominant market share in any particular region, limiting its ability to achieve economies of scale. Therefore, while EG has some competitive advantages, they are not strong enough to create a wide and sustainable moat. The company's ability to maintain its narrow moat will depend on its continued focus on underwriting expertise, relationship management, and risk management.
Financial Health & Profitability
Everest Group's financial health presents a mixed picture. The company has demonstrated consistent revenue growth, with revenue increasing from $14.59 billion in FY2023 to $17.50 billion in FY2025. However, the revenue growth rate of 2.2% is significantly lower than the sector average of 9.3%, indicating that EG is not growing as rapidly as its peers. Net income has fluctuated, with a high of $2.52 billion in FY2023 and $1.59 billion in FY2025. The operating margin has also varied, from a high of 99.9% in FY2024 (likely due to a one-time gain) to 10.8% in FY2025. These fluctuations highlight the volatility inherent in the insurance and reinsurance industries.
EG's profitability metrics, such as ROE, are generally in line with the sector average. The company's ROE of 10.7% is slightly higher than the sector average of 8.5%. However, its operating margin of 10.9% and net margin of 9.5% are significantly lower than the sector averages of 22.0% and 17.8%, respectively. This suggests that EG is less efficient in managing its expenses and generating profits compared to its peers. The company's gross margin is reported as 0.0%, which is unusual for an insurance company and may indicate an issue with data reporting or classification.
EG's balance sheet is characterized by a relatively high level of debt. The company's total debt of $3.60 billion is significantly higher than its total cash of $1.54 billion. The debt-to-equity ratio of 304.00 is also significantly higher than the sector average of 115.00, indicating that EG is more leveraged than its peers. While the company's current ratio of 1.33 suggests that it has sufficient liquidity to meet its short-term obligations, the high level of debt increases its financial risk and vulnerability to adverse economic conditions.
The company's free cash flow generation has been inconsistent. In FY2024, EG generated $552.00 million in free cash flow, but the quarterly data shows significant fluctuations. The company's ability to generate consistent free cash flow is crucial for funding its growth initiatives, paying dividends, and reducing its debt. The lack of free cash flow data for several quarters makes it difficult to assess the company's long-term cash flow generation potential. Overall, EG's financial health is adequate, but its high debt level and lower profitability compared to peers warrant caution. The company needs to improve its expense management and generate more consistent free cash flow to strengthen its financial position.
Valuation Assessment
Everest Group's valuation presents a compelling case for value investors, but requires careful consideration of its financial health and industry dynamics. The company's P/E ratio of 8.4x is significantly lower than the sector average of 15.5x, suggesting that the stock is undervalued relative to its earnings. Similarly, its EV/EBITDA ratio of 1.7x is substantially lower than the sector average of 3.5x, further reinforcing the undervaluation argument. These low multiples could indicate that the market is discounting EG's future growth prospects or is concerned about its financial risk.
However, it's crucial to analyze these multiples in the context of EG's profitability and growth. While the P/E and EV/EBITDA ratios are attractive, the company's lower operating and net margins compared to the sector suggest that it is less efficient in generating profits. The revenue growth rate of 2.2% is also significantly lower than the sector average of 9.3%, indicating that EG is not growing as rapidly as its peers. Therefore, the low multiples may be justified by the company's lower profitability and slower growth.
The company's free cash flow yield is difficult to assess due to the lack of consistent free cash flow data. However, based on the available data, the free cash flow yield appears to be relatively low, which could be a concern for investors seeking income. The company's dividend yield is not provided, but it is likely to be modest given its high debt level and inconsistent free cash flow generation.
Overall, EG's valuation appears to be attractive based on its low P/E and EV/EBITDA multiples. However, investors should carefully consider the company's lower profitability, slower growth, and high debt level before investing. The stock may be suitable for value investors who are willing to accept a higher level of risk in exchange for the potential for capital appreciation. However, investors seeking consistent income or growth may find other opportunities in the sector more appealing. A discounted cash flow analysis, incorporating conservative growth assumptions and a higher discount rate to reflect the company's risk profile, would provide a more comprehensive valuation assessment.
Risk & Uncertainty
Everest Group faces several specific risks that could negatively impact its business and financial performance. One of the most significant risks is exposure to catastrophic events, such as hurricanes, earthquakes, and wildfires. These events can result in substantial claims losses, which can significantly reduce EG's profitability and capital. The frequency and severity of these events are difficult to predict, and climate change may exacerbate the risk of future catastrophic losses. Effective risk management and diversification are crucial for mitigating this risk, but even the best risk management practices cannot eliminate it entirely.
Another significant risk is competition within the insurance and reinsurance industries. The industry is highly competitive, with numerous global and regional players vying for market share. Increased competition can lead to lower pricing and reduced underwriting margins, which can negatively impact EG's profitability. The company must continuously innovate and differentiate itself to maintain its competitive position. This includes investing in technology, improving its underwriting capabilities, and developing new products and services.
EG's high debt level also poses a significant risk. The company's debt-to-equity ratio of 304.00 is significantly higher than the sector average, which increases its financial risk and vulnerability to adverse economic conditions. Rising interest rates could increase EG's borrowing costs and reduce its profitability. The company must carefully manage its debt and ensure that it has sufficient cash flow to meet its debt obligations.
Regulatory changes and compliance costs also pose a risk to EG. The insurance and reinsurance industries are subject to extensive regulatory oversight, and changes in regulations can increase compliance costs and restrict the company's operations. EG must stay abreast of regulatory developments and ensure that it complies with all applicable laws and regulations. Failure to comply with regulations can result in fines, penalties, and reputational damage.
Bulls Say / Bears Say
The Bull Case
BULL VIEWEverest Group's low P/E and EV/EBITDA multiples indicate that the stock is significantly undervalued, offering substantial upside potential as the market recognizes its intrinsic value.
BULL VIEWThe company's diversified business model, with both reinsurance and insurance operations, provides resilience and allows it to navigate market cycles more effectively than its peers.
The Bear Case
BEAR VIEWEverest Group's lower operating and net margins compared to the sector suggest that it is less efficient in generating profits, limiting its long-term growth potential.
BEAR VIEWThe company's high debt-to-equity ratio increases its financial risk and vulnerability to adverse economic conditions, potentially hindering its ability to invest in growth initiatives.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score EG and 4,400+ other equities.
EVEREST GROUP, LTD. exhibits a 7% valuation premium relative to institutional benchmarks. This represents a balanced risk/reward profile based on current multiples.
Return on Assets
Efficiency of asset utilization
2.6%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
0.0%
Sector: 0.0%
Operating Margin
Core business profitability
10.9%
Sector: 21.8%
Net Margin
Bottom-line profitability
9.5%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield2.48%
Yield Delta+15%
Income Projection audit
A $10,000 investment would generate approximately $286 annually in dividends at the current trailing rate.
