Analyst Consensus ?
ConsensusHold22 ratings
Bullish836.4%
Neutral1463.6%
Bearish00.0%
Everest Group, Ltd. · EG · FY2026 Q1 · Calendar Q2 2026
Everest Group Beats EPS Estimates as Underwriting Discipline and Capital Returns Offset Premium Decline
Everest Group delivered a strong Q1 2026 with operating income of $648 million and an annualized total shareholder return of 16.1%, beating EPS estimates by 15% while revenue narrowly missed. The exit of the commercial retail business drove an 18% drop in gross written premium, but management prioritized profitability, improving the combined ratio to 91.2% and lifting attritional loss ratios by 3.8 points through a shift toward short-tail and specialty lines. Capital return accelerated with $331 million repurchased and a new $300 million quarterly floor, up from $200 million. The market initially responded positively with a 2.7% abnormal move, but the stock subsequently drifted down 9.2%, reflecting concerns about competitive pricing pressure and the hostile U.S. legal environment for casualty lines.
Reported After market closeNYSEFinancial Services
$14.85B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$16.08
Consensus $13.97
EPS surprise
+15.1%
Reported versus consensus
Reported revenue
$4.07B
Consensus $4.17B
Revenue surprise
-2.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+3.7%
Event window
SPY move
+1.0%
Same window
Abnormal move
+2.7%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
-9.2%
Up to 20 sessions
EGSPY benchmark
Ask FN2 about EG FY2026 Q1
Transcript, numbers and history already loaded
Why did EG rise 3.7% after beating EPS estimates in FY2026 Q1?What changed in EG's guidance and outlook in FY2026 Q1?Give me the bull and bear case for EG after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Q1 2026 EPS of $16.08 beat the consensus estimate of $13.97 by 15.1%, while revenue of $4.07 billion missed by 2.4%. The combined ratio improved to 91.2% overall and 87.2% for treaty reinsurance, driven by a deliberate shift to short-tail and specialty lines. Gross written premium fell 18% YoY due to the commercial retail business exit, but profitability was prioritized over volume. Share repurchases totaled $331 million, with the quarterly buyback floor raised from $200 million to $300 million. The Mt Logan third-party capital platform surpassed $2.6 billion AUM. A $58 million provision was taken for the Iran conflict, and a UK Pillar Two tax adjustment produced a one-time tax benefit.
Guidance delta
Management maintained its guidance sentiment. The quarterly share repurchase floor was raised from $200 million to $300 million. Management expects capital release from the AIG retail divestiture in H2 2026 and may increase buybacks further depending on catastrophe season outcomes. The expense ratio trajectory target of the low-6% range by 2027 was reiterated.
Key takeaways
- EPS of $16.08 beat estimates by 15.1%; revenue of $4.07B missed by 2.4%
- Combined ratio improved to 91.2% overall, 87.2% for treaty reinsurance
- GWP fell 18% YoY due to commercial retail exit; profitability prioritized over volume
- $331M in share repurchases; quarterly buyback floor raised to $300M from $200M
- $58M provision for Iran conflict; UK Pillar Two tax adjustment provided one-time benefit
- Mt Logan platform exceeded $2.6B AUM with strong investor pipeline
Management priorities
- Complete the retail business transition to AIG and realize capital release in H2 2026
- Maintain disciplined, profitability-first underwriting across all segments
- Continue scaling Mt Logan and deploy additional capital where returns exceed thresholds
- Invest in technology and selective talent hires for Global Wholesale & Specialty
- Potentially increase share buybacks later in the year depending on catastrophe season outcomes
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$400.59Current
$332Low
$395.6Average
$485High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 29, 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 |
|---|---|---|---|---|
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Oct 12, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Oct 7, 2026 |
| 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 |
| 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 |
| 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 $400.59. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Analyst unavailable | $398 | $366.84 | -0.6% | Oct 7, 2026 |
| RBC Capital | Analyst unavailable | $455 | $369.42 | +13.6% | Sep 22, 2026 |
| Rosenblatt Securities | Analyst unavailable | $455 | $369.42 | +13.6% | Sep 22, 2026 |
| UBS | Brian Meredith | $395 | $377.12 | -1.4% | Aug 3, 2026 |
| Mizuho Securities | Yaron Kinar | $416 | $375.36 | +3.8% | Jul 31, 2026 |
| Evercore ISI | Analyst unavailable | $377 | $377.19 | -5.9% | Jul 30, 2026 |
| Atlantic Equities | Analyst unavailable | $484 | $364.88 | +20.8% | Jul 15, 2026 |
| Evercore ISI | Analyst unavailable | $375 | $371.62 | -6.4% | Jul 10, 2026 |
| Cantor Fitzgerald | Ryan Tunis | $390 | $371.29 | -2.6% | Jul 9, 2026 |
| Mizuho Securities | Yaron Kinar | $418 | $371.29 | +4.3% | Jul 9, 2026 |
| Barclays | Analyst unavailable | $420 | $372.93 | +4.8% | Jul 7, 2026 |
| Morgan Stanley | Analyst unavailable | $360 | $371.35 | -10.1% | Jul 6, 2026 |
| UBS | Analyst unavailable | $355 | $358.42 | -11.4% | May 21, 2026 |
| BMO Capital | Michael Zaremski | $376 | $347.97 | -6.1% | May 14, 2026 |
| Morgan Stanley | Bob Huang | $340 | $351.54 | -15.1% | May 7, 2026 |
| UBS | Analyst unavailable | $374 | $351.26 | -6.6% | May 4, 2026 |
| Mizuho Securities | Analyst unavailable | $365 | $333.52 | -8.9% | Apr 13, 2026 |
| Mizuho Securities | Yaron Kinar | $360 | $330.76 | -10.1% | Feb 11, 2026 |
| Mizuho Securities | Analyst unavailable | $358 | $319.92 | -10.6% | Jan 14, 2026 |
| Cantor Fitzgerald | Ryan Tunis | $344 | $319.92 | -14.1% | Jan 14, 2026 |
| Wells Fargo | Elyse Greenspan | $332 | $328.38 | -17.1% | Jan 13, 2026 |
| UBS | Brian Meredith | $345 | $329.1 | -13.9% | Jan 12, 2026 |
| Barclays | Analyst unavailable | $377 | $331.43 | -5.9% | Jan 8, 2026 |
| Evercore ISI | Analyst unavailable | $365 | $330.88 | -8.9% | Jan 7, 2026 |
| Mizuho Securities | Analyst unavailable | $359 | $328.56 | -10.4% | Dec 15, 2025 |
| Raymond James | Gregory Peters | $350 | $314.52 | -12.6% | Nov 3, 2025 |
| Barclays | Analyst unavailable | $365 | $314.7 | -8.9% | Oct 31, 2025 |
| Barclays | Analyst unavailable | $425 | $343.98 | +6.1% | Oct 28, 2025 |
| Barclays | Alex Scott | $430 | $364.86 | +7.3% | Oct 8, 2025 |
| Evercore ISI | Analyst unavailable | $384 | $353.13 | -4.1% | Oct 1, 2025 |
| Raymond James | Gregory Peters | $375 | $335.38 | -6.4% | Sep 22, 2025 |
| Wells Fargo | Elyse Greenspan | $371 | $326.04 | -7.4% | Aug 4, 2025 |
| Wells Fargo | Elyse Greenspan | $362 | $340.45 | -9.6% | Jul 10, 2025 |
| Barclays | Alex Scott | $470 | $341.72 | +17.3% | Feb 4, 2025 |
| BMO Capital | Michael Zaremski | $453 | $353.52 | +13.1% | Jan 10, 2025 |
| BMO Capital | Michael Zaremski | $372 | $368.43 | -7.1% | Nov 14, 2024 |
| Bank of America Securities | Joshua Shanker | $485 | $388.89 | +21.1% | Oct 10, 2024 |
| Barclays | Alex Scott | $527 | $392.5 | +31.6% | Sep 4, 2024 |
| BMO Capital | Michael Zaremski | $403 | $360.63 | +0.6% | Aug 7, 2024 |
| Raymond James | Analyst unavailable | $385 | $356.33 | -3.9% | Feb 2, 2023 |
| Wells Fargo | Analyst unavailable | $365 | $332.95 | -8.9% | Nov 29, 2022 |
| Morgan Stanley | Analyst unavailable | $345 | $325.32 | -13.9% | Nov 22, 2022 |
| Jefferies | Analyst unavailable | $344 | $280.12 | -14.1% | Jul 12, 2022 |
Track every rating change on EG the moment it posts. Free to start.
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
All EG earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| WTW Willis Towers Watson Public Limited Company | FY2026 Q3 · Calendar Q4 2026 | — | -0.3% | WTW posts Q3 growth while lowering full-year organic outlook |
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| ICE Intercontinental Exchange, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +5.5% | ICE posts record Q3 as data, energy and rates growth accelerates |
| BBVA Banco Bilbao Vizcaya Argentaria, S.A. | FY2026 Q3 · Calendar Q4 2026 | — | -2.5% | BBVA sustains strong growth and profitability in Q3 |
| TROW T. Rowe Price Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.3% | T. Rowe Price pairs Q4 flow hopes with ETF and SMA momentum |
| ING ING Groep N.V. | FY2026 Q3 · Calendar Q4 2026 | — | -2.1% | ING pairs strong Q3 execution with costly wholesale restructuring |
Latest beats and misses
Who reports nextBeat on EPS
- ARFY2026 Q3 · October 28, 2026+22.3% EPS-2.2% move
- INVHFY2026 Q3 · October 28, 2026+49.5% EPS-0.4% move
- AEMFY2026 Q3 · October 28, 2026+5.7% EPS-3.9% move
- ORLYFY2026 Q3 · October 28, 2026+4.3% EPS-2.7% move
- STRLFY2026 Q3 · October 28, 2026+22.3% EPS-0.4% move
- KGCFY2026 Q3 · October 28, 2026+8.7% EPS-6.1% move
Get the EG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-31T09:21:16.964466+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T09:21:16.961643+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 2026-07-31. For educational purposes only; not investment advice.