StocksMedium•4 November 2026•
1 min read
Everest Group Plans $2.2B Share Buyback and Chile Exit
Key Facts
1Everest Group targets a ~30.5% 2026 expense ratio while planning approximately $2.2B in share repurchases.
2The company plans to close its Everest Chile operations in the first half of 2027.
Everest Group announced a plan to repurchase approximately $2.2 billion of its shares as part of its updated financial outlook for 2026. Seeking Alpha reported that the company is targeting an expense ratio of roughly 30.5% and intends to close its Everest Chile operations during the first half of 2027.
The stock EG closed at $410.57 on November 3, 2026, having reached a session high of $421.52 and a low of $410.06. These strategic moves are aimed at optimizing capital allocation and enhancing shareholder returns through improved efficiency and a streamlined operational footprint.