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EG

Everest Re Group, Ltd.

EG

Everest Re Group, Ltd. • NYSE
$314.29 ▲ 0.72% (+2.26)
Market Cap $13.18 B
52w High $388.48
52w Low $302.44
Dividend Yield 8.00%
P/E 23.37
Volume 202.44K
Outstanding Shares 41.95M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.254B ▼ $259M ▲ $255M ▼ 5.994% ▼ $6.09 ▼ $307M ▼
Q2-2025 $4.404B ▲ $237M ▼ $680M ▲ 15.441% ▲ $16.1 ▲ $853M ▲
Q1-2025 $4.238B ▼ $272M ▼ $210M ▲ 4.955% ▲ $4.9 ▲ $286M ▲
Q4-2024 $4.614B ▲ $284M ▲ $-593M ▼ -12.852% ▼ $-13.96 ▼ $-711M ▼
Q3-2024 $4.251B $263M $509M 11.974% $11.8 $615M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $20.223B ▲ $62.24B ▲ $46.864B ▲ $15.376B ▲
Q2-2025 $19.114B ▲ $60.519B ▲ $45.499B ▲ $15.02B ▲
Q1-2025 $19.002B ▼ $58.132B ▲ $43.992B ▲ $14.14B ▲
Q4-2024 $20.438B ▲ $56.341B ▲ $42.465B ▲ $13.876B ▼
Q3-2024 $19.311B $55.864B $40.528B $15.336B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $255M ▼ $1.459B ▲ $-1.745B ▼ $-85M ▲ $-363M ▼ $1.459B ▲
Q2-2025 $680M ▲ $1.079B ▲ $-445M ▲ $-284M ▲ $335M ▲ $1.079B ▲
Q1-2025 $210M ▲ $928M ▲ $-569M ▲ $-323M ▼ $18M ▲ $928M ▲
Q4-2024 $-593M ▼ $780M ▼ $-933M ▲ $112M ▲ $-50M ▼ $780M ▼
Q3-2024 $509M $1.738B $-1.529B $-190M $29M $1.738B

Revenue by Products

Product Q2-2025
Insurance Segment
Insurance Segment
 $920.00M ▲
Other Operating Segment
Other Operating Segment
 $40.00M ▲
Reinsurance Segment
Reinsurance Segment
 $3.04Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, Everest Re has grown its revenue steadily, showing that demand for its reinsurance and insurance products has been strong. Profitability, however, has been more uneven, which is typical in reinsurance where large catastrophe losses can swing results. After a weaker period earlier in the decade, earnings have improved significantly, with recent years showing solid underwriting results and better margins. Still, the jump in profit in one year and the pullback the next highlight how cyclical and event‑driven this business is. Overall, the income statement points to a franchise that is growing, more profitable than it was a few years ago, but still exposed to volatility inherent in the industry.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, with total assets and shareholders’ equity both climbing over the last five years. This suggests Everest Re has been able to grow while also building its capital base. Debt levels have also risen, which increases financial leverage, but the company still appears to maintain a substantial equity cushion relative to its size. Cash holdings are stable rather than excessive, which is consistent with a reinsurer that invests a large portion of its assets in bonds and other income‑generating instruments. In short, the balance sheet shows scale and capital strength, but the gradual build‑up of debt is a structural risk worth watching over time.

Cash Flow

Cash Flow Cash generation from the core business has been consistently strong and has improved over the period shown. The company is not very capital‑intensive in terms of physical assets, so almost all operating cash flow effectively becomes free cash flow. This provides flexibility to pay claims, support growth, strengthen the balance sheet, or return capital when management chooses. The key caveat is that insurance cash flows can be lumpy: large loss years or reserve surprises can quickly change the picture. Even so, the history presented indicates a business that reliably converts its underwriting and investment activities into cash.

Competitive Edge

Competitive Edge Everest Re holds a well‑established position among global reinsurers, backed by a long track record, strong brand, and recognized underwriting discipline. Its mix of reinsurance and primary insurance, along with broad geographic reach, reduces dependence on any single product or region and helps smooth results across different market cycles. The firm’s focus on complex and specialty risks further differentiates it from more generic competitors and can support better pricing. On the risk side, the company still faces intense competition from other large reinsurers and alternative capital, exposure to major catastrophe events, and pricing cycles that can compress margins when markets soften.

Innovation and R&D

Innovation and R&D Everest Re is leaning into technology and product innovation more than many traditional peers. It has implemented automation, artificial intelligence, and cloud‑based tools to speed up underwriting and operations, and is experimenting with AI‑driven insurance offerings in health and specialty lines. The creation of a dedicated global specialties division, along with initiatives in cyber, parametric solutions, and tailored industry packages, shows a strategic push into higher‑value, expertise‑driven segments. Partnerships with insurtech and data‑focused firms add to this momentum. The main uncertainties are execution risk, the need to prove that these innovations translate into better long‑term economics, and the challenge of keeping ahead as competitors also invest in similar technologies.

Summary

Everest Re today looks like a larger, more diversified, and more profitable business than it was earlier in the period shown, supported by a solid balance sheet and strong cash generation. Its competitive edge rests on underwriting discipline, financial strength, and a growing presence in specialty and primary insurance markets, all reinforced by active investment in data, AI, and innovative products such as parametric and cyber solutions. At the same time, the company operates in an inherently volatile sector, with results sensitive to catastrophe losses, pricing cycles, and capital markets. Rising leverage, the complexity of specialty risks, and the need to successfully execute its technology and growth strategy are key factors that introduce uncertainty and merit ongoing monitoring.

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