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Everest Group
EG · NYSEInsurance · Reinsurance
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Company details
Market cap
~$15B
P/E ratio
~9×
Div yield
~2.4%
Net income
$1.6B
Combined ratio
98.6%
Gross premiums
$17.7B
Shareholders' equity
$15.5B
Total assets
$62.5B
In plain English
Everest Group is a Bermuda-based global reinsurer and specialty insurer — one of the larger property-catastrophe risk takers. Primary insurers worldwide hand it their biggest tail risks (hurricanes, earthquakes, large casualty losses); Everest pools and prices them, lays off the very largest through its own catastrophe bonds and a third-party-capital sidecar (Mt. Logan Re), and invests the premium 'float' until claims come due. Spun out of Prudential in the 1990s, it rebranded from Everest Re (ticker RE) to Everest Group (EG) in 2023.
In simple terms
What Everest Group really sells
Everest Group is a Bermuda-based global reinsurer and specialty insurer — one of the larger property-catastrophe risk takers. Primary insurers worldwide hand it their biggest tail risks (hurricanes, earthquakes, large casualty losses); Everest pools and prices them, lays off the very largest through its own catastrophe bonds and a third-party-capital sidecar (Mt. Logan Re), and invests the premium 'float' until claims come due. Spun out of Prudential in the 1990s, it rebranded from Everest Re (ticker RE) to Everest Group (EG) in 2023.
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Risk read
SteadierMore speculative
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