Everest Group Ltd Dossier - Source-backed chat

Everest Group Ltd

EGNYSE

SectorFinancials

IndustryInsurance - Reinsurance

Beta (adjusted)0.52

Intrinsic Value $379.89median of 2 methodsbased on filings through 30 Jun 2026

Market Price $368.72Price as of 1 Oct 2026

Near fair valueIntrinsic value is 3% above the market price

−50% · IV below pricenear fair value ±15%IV above price · +50%

Data confidence Sign in to view data confidence

Market Cap $14.1B

Enterprise Value $16.6B

Shares Outstanding 38.9M diluted

Next Earnings Date28 Oct 2026

Last ex-dividend9 Sep 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

Everest's core underwriting operations remained profitable in the second quarter of 2026, with a 90.0% core combined ratio, 14.9% annualized net operating ROE and continued book-value growth. Capital returns were substantial, but core gross written premium declined 7.1% on a comparable basis and the commercial-retail exit remains subject to transaction execution and regulatory approvals. The official stock-quote page showed $377.61, below reported book value per share of $398.83 and adjusted book value per share of $407.67.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets15 analysts · as of 18 Aug 2026

Low · most bearish analyst$365.00

Mean target$406.47

High · most bullish analyst$480.00

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$365.0019%

Reinsurance pricing and volume weaken further, catastrophe or reserve volatility pushes the core combined ratio toward an underwriting loss, and delayed retail disposals extend legacy costs.

Base CaseCentral scenario

$406.4756%

Matches the consensus mean

Core combined ratios remain below 100%, premium contraction moderates as portfolio exits mature, and the Colombia and Mexico transactions progress toward their stated 2027 closing timelines. Continued underwriting income and disciplined repurchases support book value, but declining premium volume and execution risk limit conviction.

Bull CaseUpside scenario

$480.0025%

Core underwriting remains sustainably profitable, Global Wholesale & Specialty continues improving its loss ratio, announced retail disposals close as planned, and repurchases continue to concentrate growth in book value among remaining shareholders.

Scenarios are anchored to street consensus at the research date, with our probabilities and rationale.

Key Investment Merits

Second-quarter 2026 core businesses produced $317 million of underwriting income and a 90.0% combined ratio.
Book value per share excluding unrealized fixed-maturity gains and losses reached $407.67, while annualized total shareholder return was 16.8%.
Everest repurchased $725 million of shares during the first half of 2026, and key underwriting entities carried A+ financial-strength ratings from A.M. Best and S&P.

Key Investment Risks

Second-quarter core gross written premium declined 7.1% on a comparable basis, including a 9.1% decline in Reinsurance Treaty.
Reinsurance Treaty attritional combined ratio increased 2.2 points year over year to 85.4%, reflecting elevated non-catastrophe weather losses and higher expenses.
The Colombia and Mexico disposals remain subject to regulatory approvals and other closing conditions, with completion expected during 2027.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

Quality Pillars Members

This section is available to registered members. Create a free account or sign in to unlock the full breakdown.

Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.