Everest Re Gp SEC Filings

Everest Group, Ltd. announced a planned finance leadership transition. Elias Habayeb will join as Executive Vice President and Group Chief Financial Officer, effective on or about May 1, 2026. He currently serves as Executive Vice President and Chief Financial Officer of Corebridge Financial and previously held senior finance roles at AIG, International Lease Finance Corporation and Deloitte.

Under his employment agreement, Mr. Habayeb will receive a base salary of $910,000, with a target annual bonus of 175% of salary and target equity awards equal to 275% of salary under the 2020 Stock Incentive Plan. He will also receive sign-on cash awards totaling up to $3.3 million tied to forfeited Corebridge compensation, subject to clawback and service conditions, plus two one-time RSU grants with target values of $4.9 million and $2.5 million, respectively, subject to Compensation Committee approval.

After Everest’s first quarter 2026 reporting cycle, current Executive Vice President and Chief Financial Officer Mark Kociancic will retire from his role and remain as a special advisor during a transition period.

Everest Group, Ltd. (EG) reported an insider equity transaction by its EVP & CFO on a Form 4. On 11/18/2025, the executive had 2,149 common shares withheld, coded as an "F" transaction, at a price of $320.99 per share. This withholding was used to pay taxes on 4,200 restricted shares that vested from a grant originally made on 11/18/2020.

After this tax-related withholding, the reporting person directly beneficially owns 33,613 common shares of Everest Group. The filing describes a routine administrative transaction tied to equity compensation rather than an open-market purchase or sale.

Everest Group, Ltd. (EG) reported a routine insider transaction by its President and CEO, who is also a director. On 11/18/2025, 646 common shares were disposed of at $320.99 per share, leaving 24,972 common shares beneficially owned afterward in direct form.

The filing explains that these 646 common shares were withheld to pay taxes on 1,092 restricted shares that vested from a grant originally made on 11/18/2020. This type of transaction reflects tax withholding on equity compensation rather than an open-market sale.

Everest Group, Ltd. (EG) executive EVP and CEO of Reinsurance reported a routine equity transaction. On 11/17/2025, 287 common shares were disposed of at a price of $324.06 per share under transaction code "F," which typically indicates shares withheld to cover taxes. After this withholding, the executive beneficially owns 7,273 common shares directly. The explanation notes that the shares were withheld to pay taxes on 289 restricted shares that vested from a grant originally awarded on 11/16/2021.

Everest Group (EG) filed its Q3 2025 report, showing steady top-line but lower profitability. Total revenues were $4.32 billion, up slightly from $4.29 billion a year ago, while net income fell to $255 million from $509 million as incurred losses and expenses rose. Diluted EPS was $6.09 versus $11.80.

For the first nine months, revenues reached $13.07 billion and net income was $1.15 billion, compared with $12.65 billion and $1.97 billion in the prior-year period. Net investment income increased to $540 million in the quarter and $1.56 billion year‑to‑date. The company declared dividends of $2.00 per share in Q3 and $6.00 per share year‑to‑date 2025.

The balance sheet expanded: total assets were $62.24 billion and shareholders’ equity rose to $15.38 billion, supported by a sharp improvement in accumulated other comprehensive income to $(154) million from $(1.14) billion at year‑end. Investments and cash totaled $45.83 billion. Shares outstanding were 41,978,058 as of October 24, 2025.

Everest Group (EG) reported an insider purchase by director Mark Kociancic. On October 29, 2025, he bought 3,100 common shares in the open market at $306.08 per share.

Following the transaction, he beneficially owns 4,153 shares, held directly. This filing reflects a personal share acquisition and does not involve derivative securities.

Everest Group (EG) reported an insider purchase by The Galtney Group, Inc., identified as a director. On 10/29/2025, the reporting person purchased 11,385 common shares in the open market at $307.38 per share.

Following this transaction, 45,491 shares were beneficially owned on an indirect basis, described as Various Family Related Investments. The filing also notes that Mr. Galtney directly owns 33,758 shares, separate from the indirect holdings.

Everest Group (EG) entered two agreements with American International Group to sell renewal rights for certain commercial P&C lines. The Rest‑of‑World agreement closed on October 26, 2025 for an aggregate purchase price of $252 million, covering business written by Everest’s Australia and Singapore branches, the UK branch of Everest Ireland, and specified U.S. distribution channels. Everest will also receive $30 million for originating and structuring the transaction and reimbursement for certain related expenses.

Separately, the EU agreement sets an aggregate purchase price of $49 million for renewal rights to certain lines written in EU countries, with closing subject to European Commission antitrust approvals and customary conditions. Final purchase prices under both agreements adjust to 15% of actual premiums written for the period January 1–December 31, 2025, including renewals between November 1–December 31, 2025. AIG will pay $10 million per month for nine months for transition services. If renewed premiums fall below 80% of 2025 premiums, Everest will reimburse up to $70 million under the ROW agreement.

Everest Group (EG)$5,369,488,704 as of September 30, 2025, excluding asbestos and environmental reserves.

Under the State National agreement, coverage includes 100% of losses above $4,119,448,704 up to an aggregate limit of $1,250,000,000, and 85.714286% of losses above $5,369,448,704 up to a $700,000,000 limit (State National’s share $600,000,000). Consideration paid was $250 million funds withheld and $1.0 billion of transferred assets, with a $100,000,000 co-participation retained. Under the MS Transverse agreement, coverage is 80% of losses above $6,069,448,704 up to a $500,000,000 limit (MS share $400,000,000) for $122 million of transferred assets, with a $100,000,000 co-participation retained.

The company will continue to manage claims and collect third‑party reinsurance, which inures to these agreements. Profit commissions include 50% of favorable development below 100% of carried reserves (capped at $625 million) and 15% of the $122 million premium upon a loss‑free commutation within 60 months. Retrocession is supported by Longtail Re, an affiliate of Stone Ridge Capital.