Sector: Financials | Industry: Reinsurance |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Seon Place, 4Th Floor, 141 Front Street HAMILTON HM 19 |
Tel: | 1-908-6047343 |
Website: | https://www.everestre.com |
IR: | See website |
Key People | ||
Joseph V. Taranto Chairman of the Board | James Allan Williamson Acting Chief Executive Officer, Director | Mark Kociancic Group Chief Financial Officer, Executive Vice President |
Gail Van Beveren Chief Human Resource Officer, Executive Vice President | Ricardo A. Anzaldua Executive Vice President, General Counsel | Bill Hazelton Executive Vice President - Everest Insurance, President - North America Insurance |
Business Overview |
Everest Group, Ltd. is a Bermuda-based underwriter. The Company provides property, casualty, and specialty reinsurance and insurance solutions. It operates through two operating segments: Reinsurance and Insurance. The Reinsurance operation writes property and casualty reinsurance and specialty lines of business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies. Business is written in the United States (US), Bermuda, and Ireland offices, as well as through branches in Canada, Singapore, the United Kingdom (UK), and Switzerland. The Insurance operation writes property and casualty insurance directly and through brokers, including for surplus lines, and general agents within the US, Bermuda, Canada, Europe, Singapore, and South America through its offices in the US, Australia, Canada, Chile, Colombia, Mexico, Singapore, the UK, Ireland, and branches located in the UK, the Netherlands, France, Germany, and Spain. |
Financial Overview |
For the nine months ended 30 September 2024, Everest Group Ltd revenues increased 16% to $12.65B. Net income applicable to common stockholders increased 15% to $1.94B. Revenues reflect Premiums earned increase of 14% to $11.26B, Investment Income - Gross - Insurance increase of 43% to $1.53B. Net income was partially offset by Expense Ratio(Co.&Br) -%US Insurance increase of 3% to 29%, Commission, brokerage. |
Employees: | 2,844 as of Feb 1, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $16,982M as of Sep 30, 2024 |
Annual revenue (TTM): | $16,303M as of Sep 30, 2024 |
EBITDA (TTM): | $2,659M as of Sep 30, 2024 |
Net annual income (TTM): | $2,738M as of Sep 30, 2024 |
Free cash flow (TTM): | $4,869M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | $1,788M as of Sep 30, 2024 |
Shares outstanding: | 42,978,585 as of Oct 29, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |