| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 93 | 7.9x | 17.8x | Top tier | |
Growth | 45 | -5.1% | 7.1% | Around median | |
Quality | 73 | — | — | Top tier | |
Safety | 30 | — | — | Bottom tier | |
Capital Return | 64 | 2.15% | 2.12% | Around median | |
Momentum | 73 | 6.1% | 2.9% | Top tier | |
Sentiment | 82 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Everest Group, Ltd. operates in underwriting through two core businesses: treaty reinsurance and global wholesale and specialty insurance, while winding down the legacy retail commercial insurance portfolio transferred to AIG. The company generates income from premiums on the risks it underwrites, underwriting profits when claims and expenses remain below earned premiums, and investment income from assets supporting liabilities; the Mount Logan Capital Management platform also generates fees and enhances capital flexibility through third-party capital.
In Q2 FY2026, Everest reported revenue of $4.0 billion, net income of $559 million, and earnings per share of $14.22, compared with revenue of $4.1 billion and net income of $653 million in Q1 FY2026. Operating income was $585 million, after-tax operating earnings per share were $14.85, and net investment income was $523 million with a book yield of 4.5%.
The two core businesses generated $3.7 billion in gross written premiums and $317 million in underwriting profit, with a combined ratio of 90% that included $85 million in catastrophe losses. Treaty reinsurance generated $283 million in underwriting income and a combined ratio of 88.5%, while the combined ratio for global wholesale and specialty insurance was 95.2%, and its attritional loss ratio improved by 390 basis points to 60.6%. For FY2025, revenue was $17.5 billion, net income was $1.6 billion, and earnings per share were $37.80.
The analyst consensus on EG is Neutral, with an average target of $402.25 and a wide range between $360 and $484. The average target is slightly above the 52-week range high of $401.07, while the highest target is about 20.7% above it and the lowest target remains within the 52-week range of $302.44–$401.07. The data do not include a published price-to-earnings ratio, so the valuation assessment here relies on the divergence in analyst targets relative to reserve risks and declining premiums, weighed against book value growth and share repurchases.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Everest reported revenue of $4.0 billion, net income of $559 million, and earnings per share of $14.22 in Q2 FY2026. The two core businesses generated $317 million in underwriting profit at a combined ratio of 90%, while net investment income was $523 million. This came despite an approximately 7% decline in total gross written premiums for the two core businesses on a comparable basis, because the company prioritized underwriting quality and returns over volume growth.
Annapurna Re is a casualty and specialty reinsurance sidecar within the Mount Logan Capital Management platform. Everest expects to cede about $200 million in premiums to it each quarter over three years through aligned quota-share arrangements, rather than through individual risk selection. Management expects a modestly positive impact on underwriting income and return on equity over time, offset by lower net investment income as retained premiums decline.
Everest strengthened its North American casualty reserves by just under $200 million in Q2 FY2026 after higher-than-expected losses emerged from older accident years. The company distributed the adjustment across most accident years while leaving its 2026 casualty loss estimates unchanged because it considered them conservative. Management also stated that casualty loss trends range from high single-digit percentages to low double-digit percentages, and that annual reserve studies for long-tail lines will be completed later in Q3 FY2026.
Automated analysis for informational purposes only — not investment advice.
Market property pricing declined between 15% and 20% at the June 1 and July 1, 2026 renewals, while the decline in Everest's property catastrophe portfolio was about 10%. The company achieved this difference by shifting its participation across program layers and clients, slightly raising the average attachment point, and increasing capacity only where it saw better risk-adjusted economics. Management expected competition to continue at the January 1, 2027 renewals unless major catastrophe losses or external shocks occur.
Everest repurchased about 1.2 million shares for $395 million, at an average of $342 per share, in Q2 FY2026. Since January 2025, total funds allocated to repurchases reached $1.5 billion, reducing shares outstanding by more than 10%. Management considers $300 million a quarterly minimum for repurchases, while total capital returned to shareholders through repurchases and dividends exceeded $470 million during the quarter.
The consensus rating is Neutral, with an average price target of $402.25, a low target of $360, and a high target of $484. The average is slightly above the 52-week range high of $401.07, while the highest target exceeds that high by about 20.7%. The $124 spread between targets indicates differing analyst assessments of underwriting strength and share repurchases on one side, and pricing pressures and casualty reserves on the other.
