Everest Group, Ltd. · EG · FY2025 Q4 · Calendar Q1 2026
Everest highlights strong underwriting as divestiture costs weigh near term
Everest's current setup is supported by strong underwriting, investment income, and capital-efficiency plans, but the thesis depends on executing the commercial retail divestiture, reducing expenses, and converting expected capital release into shareholder returns and specialty growth.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The current analysis adds evidence of operating ROE above 14%, $562 million of investment income, continued share repurchases, and a planned low-6% expense ratio by 2027. It also highlights the commercial retail divestiture's near-term cost pressure and expected capital release.
Guidance delta
Management maintained its outlook, with no explicit earnings guidance provided. The current analysis points to a low-6% expense ratio by 2027 and continued buybacks, while noting near-term divestiture-related cost pressure.
Key takeaways
- Management described operating performance as strong, with operating ROE above 14%, despite lower premium volume.
- Investment income and disciplined reinsurance underwriting supported results, while property catastrophe pricing declined but remained above technical price.
- The commercial retail divestiture creates near-term expense pressure but is intended to free capital for buybacks and specialty growth.
- The next-year watchpoints are expense-ratio improvement, capital release timing, and reinsurance pricing.
Management priorities
- Scale and improve profitability in Global Wholesale & Specialty
- Use released capital for continued share repurchases and growth initiatives
- Maintain underwriting discipline while pursuing selective specialty growth
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Hold | Hold | Maintain | Aug 19, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 3, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 31, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Jul 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 30, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Jul 9, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Jul 8, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 6, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | May 14, 2026 |
| B of A Securities | Buy | Buy | Maintain | Apr 14, 2026 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Oct 29, 2025 |
| Raymond James | Outperform | Strong Buy | Downgrade | Sep 22, 2025 |
| Jefferies | Buy | Hold | Upgrade | Apr 11, 2025 |
| Deutsche Bank | Buy | Hold | Upgrade | Mar 28, 2021 |
| Credit Suisse | Neutral | Neutral | Maintain | Nov 9, 2020 |
| CFRA | Hold | Hold | Maintain | Feb 11, 2020 |
| Goldman Sachs | Neutral | Sell | Upgrade | Nov 14, 2016 |
| Sidoti & Co. | Buy | Neutral | Upgrade | May 22, 2013 |
| Macquarie | Neutral | Outperform | Downgrade | Apr 14, 2013 |
| JP Morgan | Overweight | Neutral | Upgrade | Dec 19, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $368.72. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Analyst unavailable | $455 | $369.42 | +23.4% | Sep 22, 2026 |
| Rosenblatt Securities | Analyst unavailable | $455 | $369.42 | +23.4% | Sep 22, 2026 |
| UBS | Brian Meredith | $395 | $377.12 | +7.1% | Aug 3, 2026 |
| Mizuho Securities | Yaron Kinar | $416 | $375.36 | +12.8% | Jul 31, 2026 |
| Evercore ISI | Analyst unavailable | $377 | $377.19 | +2.2% | Jul 30, 2026 |
| Atlantic Equities | Analyst unavailable | $484 | $364.88 | +31.3% | Jul 15, 2026 |
| Evercore ISI | Analyst unavailable | $375 | $371.62 | +1.7% | Jul 10, 2026 |
| Cantor Fitzgerald | Ryan Tunis | $390 | $371.29 | +5.8% | Jul 9, 2026 |
| Mizuho Securities | Yaron Kinar | $418 | $371.29 | +13.4% | Jul 9, 2026 |
| Barclays | Analyst unavailable | $420 | $372.93 | +13.9% | Jul 7, 2026 |
| Morgan Stanley | Analyst unavailable | $360 | $371.35 | -2.4% | Jul 6, 2026 |
| UBS | Analyst unavailable | $355 | $358.42 | -3.7% | May 21, 2026 |
| BMO Capital | Michael Zaremski | $376 | $347.97 | +2.0% | May 14, 2026 |
| Morgan Stanley | Bob Huang | $340 | $351.54 | -7.8% | May 7, 2026 |
| UBS | Analyst unavailable | $374 | $351.26 | +1.4% | May 4, 2026 |
| Mizuho Securities | Analyst unavailable | $365 | $333.52 | -1.0% | Apr 13, 2026 |
| Mizuho Securities | Yaron Kinar | $360 | $330.76 | -2.4% | Feb 11, 2026 |
| Mizuho Securities | Analyst unavailable | $358 | $319.92 | -2.9% | Jan 14, 2026 |
| Cantor Fitzgerald | Ryan Tunis | $344 | $319.92 | -6.7% | Jan 14, 2026 |
| Wells Fargo | Elyse Greenspan | $332 | $328.38 | -10.0% | Jan 13, 2026 |
| UBS | Brian Meredith | $345 | $329.1 | -6.4% | Jan 12, 2026 |
| Barclays | Analyst unavailable | $377 | $331.43 | +2.2% | Jan 8, 2026 |
| Evercore ISI | Analyst unavailable | $365 | $330.88 | -1.0% | Jan 7, 2026 |
| Mizuho Securities | Analyst unavailable | $359 | $328.56 | -2.6% | Dec 15, 2025 |
| Raymond James | Gregory Peters | $350 | $314.52 | -5.1% | Nov 3, 2025 |
| Barclays | Analyst unavailable | $365 | $314.7 | -1.0% | Oct 31, 2025 |
| Barclays | Analyst unavailable | $425 | $343.98 | +15.3% | Oct 28, 2025 |
| Barclays | Alex Scott | $430 | $364.86 | +16.6% | Oct 8, 2025 |
| Evercore ISI | Analyst unavailable | $384 | $353.13 | +4.1% | Oct 1, 2025 |
| Raymond James | Gregory Peters | $375 | $335.38 | +1.7% | Sep 22, 2025 |
| Wells Fargo | Elyse Greenspan | $371 | $326.04 | +0.6% | Aug 4, 2025 |
| Wells Fargo | Elyse Greenspan | $362 | $340.45 | -1.8% | Jul 10, 2025 |
| Barclays | Alex Scott | $470 | $341.72 | +27.5% | Feb 4, 2025 |
| BMO Capital | Michael Zaremski | $453 | $353.52 | +22.9% | Jan 10, 2025 |
| BMO Capital | Michael Zaremski | $372 | $368.43 | +0.9% | Nov 14, 2024 |
| Bank of America Securities | Joshua Shanker | $485 | $388.89 | +31.5% | Oct 10, 2024 |
| Barclays | Alex Scott | $527 | $392.5 | +42.9% | Sep 4, 2024 |
| BMO Capital | Michael Zaremski | $403 | $360.63 | +9.3% | Aug 7, 2024 |
| Raymond James | Analyst unavailable | $385 | $356.33 | +4.4% | Feb 2, 2023 |
| Wells Fargo | Analyst unavailable | $365 | $332.95 | -1.0% | Nov 29, 2022 |
| Morgan Stanley | Analyst unavailable | $345 | $325.32 | -6.4% | Nov 22, 2022 |
| Jefferies | Analyst unavailable | $344 | $280.12 | -6.7% | Jul 12, 2022 |
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Start freeCompany context
Snapshot as of publicationEverest Group, Ltd., together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. It operates in two segment, Insurance and Reinsurance. The company writes property and casualty reinsurance; treaty and facultative reinsurance products; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies; and writes property and casualty insurance directly, as well as through brokers, surplus lines, and general agents. It provides reinsurance products comprising mortgage, catastrophe, marine, aviation, engineering, professional line, credit and surety, motor, agriculture/crop, and political violence reinsurance products. In addition, the company offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. The company was formerly known as Everest Re Group, Ltd. and changed its name to Everest Group, Ltd. in July 2023.Everest Group, Ltd., was founded in 1973 and is headquartered in Hamilton, Bermuda.
Historical context
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| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
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- MUFY2026 Q4 · September 30, 2026+5.4% EPS+0.0% move
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-02T02:46:06.021758+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T02:46:06.018952+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-02. For educational purposes only; not investment advice.