Everest Re Gp Stock Price, News & Analysis

Everest (NYSE: EG), a global underwriting leader in property, casualty, and specialty reinsurance and insurance solutions, has announced the publication of its Global Loss Triangles for the year ended December 31, 2024. The documents are now accessible on the company's investor relations website under the Financials/Annual Disclosures section.

Everest, a component of the S&P 500 index, has maintained a 50-year track record of disciplined underwriting, capital, and risk management. The company operates through global affiliates to provide underwriting solutions for colleagues, customers, shareholders, and communities worldwide.

Everest Group (NYSE: EG), a global underwriting leader in property, casualty, and specialty reinsurance and insurance solutions, has appointed Pamela Sinclair as Executive Vice President and Chief Human Resources Officer, effective July 14. Sinclair, who will report to CEO Jim Williamson, brings 30 years of experience in human capital strategies and succeeds retiring CHRO Gail Van Beveren.

Sinclair joins from PGIM, where she served as Global Head of Human Resources, managing talent strategies for 4,500+ global colleagues at the $1.4 trillion asset management firm. Her previous experience includes leadership roles at PGIM Real Estate and Barclays Capital, demonstrating extensive expertise in global human capital management.

Everest Group (NYSE: EG), a global underwriting leader in property, casualty, and specialty reinsurance and insurance solutions, has appointed Allan Levine as an independent, non-executive member of its Board of Directors.

Levine brings over three decades of experience in insurance and financial markets. He is currently Co-Founder and Executive Chairman of Global Atlantic, a KKR subsidiary, where he previously served as Chairman and CEO for 12 years, growing the firm to $190B in assets under management. His prior experience includes roles as CEO of Goldman Sachs Reinsurance Group and Partner and Co-Head of Firm-Wide Strategy at Goldman Sachs.

Everest Group (NYSE: EG) has appointed Darryl Page as an independent, non-executive member of its Board of Directors. Page brings over 40 years of leadership experience in global insurance, including a 12-year tenure at Chubb as Division President of International Personal Lines, where he managed a multi-billion-dollar portfolio across 52 countries. His experience includes establishing Chubb's agency distribution strategy and serving as Chief Culture Officer.

Prior to Chubb, Page held executive positions at Fireman's Fund (Allianz) and spent 30 years at Allstate. He currently serves on the Board of Dominican University of California. John Graf, Everest's Chairman, highlighted Page's expertise in scaling profitable insurance businesses and developing high-performing cultures as valuable assets for Everest's value creation strategies.

Everest Group (NYSE: EG) has declared a dividend of $2.00 per common share, payable by June 13, 2025, to shareholders of record as of May 28, 2025. Everest is a global underwriting leader specializing in property, casualty, and specialty reinsurance and insurance solutions with a 50-year track record of disciplined underwriting and capital management. The company is a component of the S&P 500 index.

Everest Group reported its Q1 2025 results with net income of $210 million and net operating income of $276 million. The company achieved a 5.7% annualized net income ROE and 7.5% net operating income ROE. Gross written premium reached $4.4 billion, showing year-over-year decreases of 2.0% for the Group.

The quarter saw significant catastrophe losses of $472 million, primarily from California wildfires, leading to combined ratios of 102.7% for the Group, 103.3% for Reinsurance, and 100.5% for Insurance. The company's investment performance improved with net investment income of $491 million versus $457 million in the prior year.

Despite challenging conditions, Everest maintained strong capital deployment with $200 million in share repurchases. The company's strategic focus remains on property and specialty lines growth, while executing U.S. casualty remediation. Operating cash flow was $928 million, and book value per share reached $332.39.

Everest Group (NYSE: EG) announced a significant board leadership transition as Joseph V. Taranto, who has served as Board Chair since 1994 and was CEO from 1994 to 2013, will retire when his term expires in May. John Graf, an independent board member since 2016 and non-Executive Vice Chairman of Global Atlantic Financial Group, has been nominated to succeed Taranto as Chair at the May 2025 Annual Shareholders Meeting.

Current President and CEO Jim Williamson acknowledged Taranto's role in transforming Everest into a global P&C market leader. Under Taranto's leadership, the company evolved as a public entity and expanded into key global insurance markets. Everest operates as a global underwriting leader providing property, casualty, and specialty reinsurance and insurance solutions, with a 50-year track record of disciplined underwriting and capital management.

Everest Group (NYSE: EG) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Thursday, May 1, 2025, at 8:00 am Eastern Time. The company will release its financial results on April 30, 2025 after the NYSE market close.

The earnings call will be accessible via webcast at www.investors.everestglobal.com, where the earnings release and financial supplement will also be available. Everest, a component of the S&P 500 index, is a global underwriting leader with a 50-year history, providing property, casualty, and specialty reinsurance and insurance solutions.

Everest Group (NYSE: EG) has appointed John Howard as an independent, non-executive member of its Board of Directors. Howard brings over three decades of insurance and executive leadership experience, most recently serving as CEO of Truist Insurance Holdings (TIH), where he led a successful $16 billion leveraged buyout from Truist Financial

Howard's experience includes executive positions at Prudential Financial, GE, and Conseco, Inc. He currently serves on the Insurance Policy Committee of the Federal Reserve System's Board of Governors and holds positions with several industry associations. He recently transitioned to Vice Chair of TIH and continues to serve on its Board of Managers.

The appointment aims to strengthen Everest's market position and drive long-term growth and profitability. Howard holds a bachelor's degree in economics from Columbia University and an MBA from Duke University.