EG

MKT CAP:$14B

Everest Re Group, Ltd.

Market Cap

$14B

Financial Services·Insurance - Reinsurance·🇧🇲 Bermuda·NYSE

Financials·Insurance·🇧🇲·NYSE

Stock Price

$349.82+$15.34 (+4.59%)

Apr 21, 2026

Company Details

Everest 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 Reinsu...

CEO

James Allan Williamson

IPO Date

Oct 3, 1995

Website

www.everestglobal.com

Key Metrics TTM

Revenue

$17.3B

+1.4% YoY

Net Income

$1.6B

EPS (Diluted)

$37.86

Free Cash Flow

$3.1B

Revenue / Share

$418.19

Gross Margin

20.5%

Operating Margin

11.3%

Net Margin

9.2%

FCF Margin

18.1%

P/S

0.8x

P/E

8.8x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 26, 2026

$17.3B+1.4%EPS $37.86

Q4 2025

Feb 26, 2026

$4.4B-4.2%EPS $10.77

Q3 2025

Oct 31, 2025

$4.3B+0.1%EPS $6.09

Q2 2025

Aug 1, 2025

$4.4B+6.7%EPS $16.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$2.9B	$501M	$302M
Q2 22	$2.8B	$331M	$122M
Q3 22	$3.1B	-$191M	-$401M
Q4 22	$3.3B	$793M	$568M
Q1 23	$3.3B	$659M	$408M
Q2 23	$3.6B	$953M	$751M
Q3 23	$3.9B	$934M	$726M
Q4 23	$3.6B	$519M	$271M
Q1 24	$4.1B	$1.1B	$832M
Q2 24	$4.1B	$1.0B	$833M
Q3 24	$4.3B	$841M	$578M
Q4 24	$4.6B	-$461M	-$745M
Q1 25	$4.2B	$521M	$249M
Q2 25	$4.4B	$1.1B	$815M
Q3 25	$4.3B	$527M	$268M
Q4 25	$4.4B	$1.5B	$622M

Valuation

Quarter	P/S	P/E
Q1 22	1.2x	8.0x
Q2 22	1.2x	9.1x
Q3 22	1.2x	26.3x
Q4 22	1.2x	23.4x
Q1 23	1.1x	21.0x
Q2 23	1.1x	11.5x
Q3 23	1.0x	6.3x
Q4 23	1.0x	5.5x
Q1 24	0.9x	4.8x
Q2 24	0.9x	4.7x
Q3 24	0.9x	5.0x
Q4 24	0.8x	10.2x
Q1 25	0.8x	16.4x
Q2 25	0.8x	17.3x
Q3 25	0.8x	25.3x
Q4 25	0.8x	8.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$846M	$846M
Q2 22	$716M	$716M
Q3 22	$1.1B	$1.1B
Q4 22	$1.0B	$1.0B
Q1 23	$1.1B	$1.1B
Q2 23	$1.1B	$1.1B
Q3 23	$1.4B	$1.4B
Q4 23	$1.0B	$1.0B
Q1 24	$1.1B	$1.1B
Q2 24	$1.3B	$1.3B
Q3 24	$1.7B	$1.7B
Q4 24	$780M	$780M
Q1 25	$928M	$928M
Q2 25	$1.1B	$1.1B
Q3 25	$1.5B	$1.5B
Q4 25	-$330M	-$330M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+4.9%	-1.8%
Q2 22	+3.4%	+14.5%
Q3 22	-0.1%	+50.0%
Q4 22	+6.9%	+5.5%
Q1 23	+13.5%	+10.9%
Q2 23	+26.9%	+4.9%
Q3 23	+28.0%	-7.7%
Q4 23	+11.4%	+24.9%
Q1 24	+24.2%	+12.9%
Q2 24	+14.7%	+15.7%
Q3 24	+8.1%	+14.6%
Q4 24	+27.2%	+59.7%
Q1 25	+3.9%	+22.8%
Q2 25	+6.7%	+8.9%
Q3 25	+0.1%	+8.5%
Q4 25	-4.2%	-29.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$12M	0.4%
Q2 22	$12M	0.4%
Q3 22	$11M	0.4%
Q4 22	$10M	0.3%
Q1 23	$12M	0.4%
Q2 23	$13M	0.4%
Q3 23	$12M	0.3%
Q4 23	$12M	0.3%
Q1 24	$16M	0.4%
Q2 24	$17M	0.4%
Q3 24	$16M	0.4%
Q4 24	$14M	0.3%
Q1 25	$6M	0.1%
Q2 25	$20M	0.5%
Q3 25	$17M	0.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 22	$14M
Q2 22	$15M
Q3 22	$16M
Q4 22	$16M
Q1 23	$19M
Q1 24	$22M
Q2 24	$22M
Q3 24	$25M
Q4 24	$26M
Q1 25	$21M
Q2 25	$31M
Q4 25	$832M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.8B	$22.8B	$24.6B
Q2 22	$2.1B	$22.3B	$24.4B
Q3 22	$1.7B	$22.5B	$24.1B
Q4 22	$1.4B	$10.4B	$11.8B
Q1 23	$1.6B	$11.3B	$12.9B
Q2 23	$2.1B	$12.6B	$14.7B
Q3 23	$1.8B	$13.8B	$15.6B
Q4 23	$1.4B	$15.1B	$16.6B
Q1 24	$1.5B	$15.4B	$16.9B
Q2 24	$1.6B	$15.8B	$17.4B
Q3 24	$1.6B	$17.7B	$19.3B
Q4 24	$1.5B	$18.9B	$20.4B
Q1 25	$1.6B	$17.4B	$19.0B
Q2 25	$1.9B	$17.2B	$19.1B
Q3 25	$1.5B	$18.7B	$20.2B
Q4 25	$1.3B	$18.2B	$19.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	39M	-1.0%	-1.8%
Q2 22	39M	+1.6%	-0.4%
Q3 22	39M	-1.6%	-1.9%
Q4 22	39M	+0.5%	-0.5%
Q1 23	39M	-0.8%	-0.3%
Q2 23	41M	+5.2%	+3.2%
Q3 23	43M	+5.4%	+10.6%
Q4 23	43M	+1.2%	+11.3%
Q1 24	43M	-1.2%	+10.9%
Q2 24	43M	-0.2%	+5.2%
Q3 24	43M	-0.5%	-0.7%
Q4 24	43M	+0.2%	-1.6%
Q1 25	43M	0.0%	-0.5%
Q2 25	42M	-1.1%	-1.3%
Q3 25	42M	-0.9%	-1.7%
Q4 25	41M	-1.1%	-3.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$2M	3K
Q1 25	$1M	3K
Q2 25	$1M	3K
Q3 25	$1M	3K
Q4 25	$1M	3K

Revenue / Employee