# EVEREST GROUP, LTD.

Summary updated: 2026-03-18T13:57:51.77913Z
Canonical: https://finbar.com/research/companies/everest-group-ltd

## Overview

Everest Group, Ltd. is a Bermuda-based global property and casualty reinsurance and insurance company that underwrites risk in the U.S., Bermuda, and other international markets. Its operations are centered on two core segments, Reinsurance and Insurance, and its offerings span property, casualty, and specialty lines delivered through broker and direct relationships depending on the business. The company’s operating network spans more than 100 countries across six continents, making geographic breadth a defining feature of the business. [1](https://app.finbar.com/go?id=P-01e3f2fcee024291b471f9d43a525e6d)[2](https://app.finbar.com/go?id=P-3b44d7d6816d42928d2944182c3a1d50)[3](https://www.everestglobal.com/us-en/about-us/overview)

Everest describes its purpose as to “underwrite opportunity,” providing protection and peace of mind in a complex risk environment while helping clients, businesses, economies, and communities thrive. As a size indicator, the company reported $18.2 billion of gross written premiums in 2024 and $15.2 billion of premiums earned, and it employed 3,037 people as of February 1, 2025.

[4](https://www.everestglobal.com/)[5](https://app.finbar.com/go?id=P-cd67b83e24254149a6c44d81ffdf9c03)[6](https://app.finbar.com/go?id=P-dd36f2a6264e4f4a93c1991f4a77c7cc)

## Products & services

Everest Group’s reinsurance products are written on both treaty and facultative bases and are structured as either pro rata or excess-of-loss covers.[7](https://app.finbar.com/go?id=P-ac629d4eab5c435f9265ffe2eebc11b2)[8](https://app.finbar.com/go?id=P-b46da022b113454fa833bce913c0141d) Its named reinsurance product lines include Property Pro Rata, Property Non-Catastrophe XOL, Property Catastrophe XOL, Casualty Pro Rata, Casualty XOL and Financial Lines; in 2024 these represented 34.5%, 5.2%, 16.5%, 25.3%, 12.4% and 6.1% of reinsurance gross written premiums, respectively.[9](https://app.finbar.com/go?id=P-3ed0612fbe1441f3bdeb2b5efc8c4dde)[10](https://app.finbar.com/go?id=P-a81286fd705c4853947680e3e472c62d)[11](https://app.finbar.com/go?id=P-6e0c740744eb45eeb514bf4c5035f1f8)[12](https://app.finbar.com/go?id=P-f844f6d64ec7432087e4a3406f878c1e)[13](https://app.finbar.com/go?id=P-de7d31b87dd8466c808cc3bc05845823)[14](https://app.finbar.com/go?id=P-c51afb8eecb746b5b45d8fb1e4bc60ac) Within those lines, Everest describes coverage for property damage and business interruption, natural-peril catastrophe losses, U.S. and international private mortgage insurance and GSE risk-sharing, general liability, workers’ compensation, auto liability, umbrella and excess casualty, and specialty risks such as marine, aviation, engineering, professional lines, credit and surety, motor, agriculture/crop, and political violence.[15](https://app.finbar.com/go?id=P-4a1e0400285d446c865a3cb8ea3e6326)[16](https://app.finbar.com/go?id=P-d0215680824b4e1980dcb3590ffe3f67)[17](https://app.finbar.com/go?id=P-e0d0a15fb1fd48c5b6cbf144d4e6f9e2)[18](https://app.finbar.com/go?id=P-76e72462fb464b2cb44ba4aff4571600)[19](https://app.finbar.com/go?id=P-5580c39b8e724adabb04f1dd6ef2ddbe)[20](https://app.finbar.com/go?id=P-e0a605d90d16404296ab93eef1201da6)[21](https://app.finbar.com/go?id=P-8c8939df0376437dbc55103ed5d15fbd)[22](https://app.finbar.com/go?id=P-200a2df0054f4f69bfc674a0a12f4a21)[23](https://app.finbar.com/go?id=P-ea245a8457cc4e8bab0ac23d497c00c8)[24](https://app.finbar.com/go?id=P-cd8b3693f2d94e02a827e371a2f37240)[25](https://app.finbar.com/go?id=P-42473f776d174b819c18748b90e36c1d)[26](https://app.finbar.com/go?id=P-32e3cfb1a03548908490b0d42e456cd7)

Its insurance offerings are marketed through brokers and agents and include both standard and surplus-lines products.[27](https://app.finbar.com/go?id=P-37221d9893144f38a13146a6bc725a52)[28](https://app.finbar.com/go?id=P-af3a050fa6f04aae905f23b14bcc5f4d)[29](https://app.finbar.com/go?id=P-10a94cfac7c246b286a9ff6c2dee31f4) The company identifies six main insurance product groups: Accident and Health, Specialty Casualty, Other Specialty, Professional Liability, Property/Short-Tail and Workers’ Compensation.[30](https://app.finbar.com/go?id=P-c9e2a85812e74261a82c9d520d07befe)[31](https://app.finbar.com/go?id=P-9e29ba77e223419b8c647f56526d3683)[32](https://app.finbar.com/go?id=P-7058348d49f449cea65db169c7f8308a)[33](https://app.finbar.com/go?id=P-7aceed47a415415eb4eaa06ad1131b56)[34](https://app.finbar.com/go?id=P-6d206384035349deaba3bb4eb88a16ea)[35](https://app.finbar.com/go?id=P-5555952159684811b632f5327e693c2d) Specific products named by Everest include participant accident, short-term medical and medical stop-loss; general liability, auto liability and umbrella/excess liability; surety, trade credit and political risk, transactional liability, energy and construction, and aviation; directors and officers liability, errors and omissions, and cyber; property and inland marine; and workers’ compensation written on guaranteed-cost and loss-sensitive bases.[30](https://app.finbar.com/go?id=P-c9e2a85812e74261a82c9d520d07befe)[31](https://app.finbar.com/go?id=P-9e29ba77e223419b8c647f56526d3683)[32](https://app.finbar.com/go?id=P-7058348d49f449cea65db169c7f8308a)[34](https://app.finbar.com/go?id=P-6d206384035349deaba3bb4eb88a16ea)[36](https://app.finbar.com/go?id=P-3dfbc4528efd4b38b94c807e0a19f2ca) In 2024, these insurance groups accounted for 7.3%, 28.1%, 10.9%, 17.2%, 29.0% and 7.6% of insurance gross written premiums, respectively.

## Geographic presence

Everest Group, Ltd. is a Bermuda company that provides reinsurance and insurance in the U.S., Bermuda, and international markets, with a network spanning more than 100 countries across six continents.[1](https://app.finbar.com/go?id=P-01e3f2fcee024291b471f9d43a525e6d)[2](https://app.finbar.com/go?id=P-3b44d7d6816d42928d2944182c3a1d50) Its reinsurance business writes worldwide property, casualty, and specialty risks from offices in the U.S., Bermuda, and Ireland, with branches in Canada, Singapore, the U.K., and Switzerland.[37](https://app.finbar.com/go?id=P-626b4801257f4f918b6c29030ed19a11) Its insurance business operates across the U.S., Bermuda, Canada, Europe, Singapore, and South America through offices in the U.S., Bermuda, Canada, Chile, Colombia, Mexico, Singapore, the U.K., and Ireland, with branches in Australia, the U.K., the Netherlands, France, Germany, Italy, and Spain.[37](https://app.finbar.com/go?id=P-626b4801257f4f918b6c29030ed19a11) The company also identifies taxable business presence in Australia, Belgium, Canada, Chile, Colombia, France, Germany, Ireland, Italy, Mexico, the Netherlands, the U.K., Singapore, Spain, and Switzerland.[38](https://app.finbar.com/go?id=P-e6a0a172a9024f1cbc07c772b3fb5e2a)

By location of risk, Everest’s gross written premiums were geographically weighted toward the United States and Europe: in 2024, 57% came from the United States, 25% from Europe, and 18% from all other regions; the mix was 58%, 24%, and 18% in 2023 and 63%, 22%, and 15% in 2022.[39](https://app.finbar.com/go?id=P-d0de1c8ea90a4282b9df5c02e9d4f01d)[40](https://app.finbar.com/go?id=P-c72e0c7e6a2d4683ae35f3c61af7f7a9) Its main corporate office footprint includes Everest Re in Warren, New Jersey and Bermuda Re in Hamilton, Bermuda, alongside 33 other leased locations.[41](https://app.finbar.com/go?id=P-00a20ebdb3f340d29554efb0328bd8c7) The company reported 3,037 employees worldwide as of February 1, 2025.

[6](https://app.finbar.com/go?id=P-dd36f2a6264e4f4a93c1991f4a77c7cc)

## Business segments

Everest Group reports two active, product-selling reportable segments—Reinsurance and Insurance—and, beginning in 2024, separately presents certain run-off and sold/discontinued business in a new Other segment; management states the active selling segments remain Reinsurance and Insurance.[7](https://app.finbar.com/go?id=P-ac629d4eab5c435f9265ffe2eebc11b2)[42](https://app.finbar.com/go?id=P-06ed8f88e18f45558f3b549f9b8bd4ee) Reinsurance writes worldwide property and casualty reinsurance and specialty lines on treaty and facultative bases, including large corporate risk, through brokers and directly with ceding companies.[43](https://app.finbar.com/go?id=P-6fee44d203e54da9ac73a5ce45c6a707)[44](https://app.finbar.com/go?id=P-ff09248b08004bd4abbc284c82a76e53) Insurance mainly writes commercial property and casualty business on admitted and non-admitted bases through wholesale and retail brokers, surplus lines brokers, and program administrators.[45](https://app.finbar.com/go?id=P-f719d43c3f3043bbac54da8ceb473a11) Other contains the sold sports and leisure business, run-off asbestos and environmental exposures, certain discontinued insurance programs, and certain discontinued insurance and reinsurance coverage classes, and generally does not sell new products.[42](https://app.finbar.com/go?id=P-06ed8f88e18f45558f3b549f9b8bd4ee)

Using 2024 gross written premiums as the segment mix measure, Reinsurance contributed about 71% ($12.9 billion), Insurance about 28% ($5.1 billion), and Other about 1% ($0.2 billion).[46](https://app.finbar.com/go?id=T-597309315ee04486a06b2d2ffe89404c)[47](https://app.finbar.com/go?id=T-b2bed91d1a2d4e3584ba8cb107405c5c)[48](https://app.finbar.com/go?id=T-0a08a20049414f38a971238d4811458a) On a premiums-earned basis, the mix was about 75% Reinsurance, 24% Insurance, and 1% Other.[46](https://app.finbar.com/go?id=T-597309315ee04486a06b2d2ffe89404c)[47](https://app.finbar.com/go?id=T-b2bed91d1a2d4e3584ba8cb107405c5c)[48](https://app.finbar.com/go?id=T-0a08a20049414f38a971238d4811458a) Historically, Everest had only the two operating segments, Reinsurance and Insurance, and in 2023 it reclassified certain accident and health products from Reinsurance to Insurance to reflect how the businesses were being managed.

[49](https://app.finbar.com/go?id=P-0b1533b4e99d41eea3e218d53e4a3e3c)

## Company history

Everest traces its roots to 1973, and the company’s own materials tie that heritage to the business formerly known as Prudential Reinsurance, giving Everest a history that stretches back roughly five decades [50](https://everestglobal.com/)[51](https://www.everestglobal.com/us-en/about-us/leadership/executive-bios/gail-van-beveren)[52](https://app.finbar.com/go?id=P-88a2bdc177ee490f82a4e31078b23c61). By 2021, Everest said it had been public for 25 years, placing its public-company history in the mid-1990s, and SEC records show that its earlier corporate names included Everest Reinsurance Group Ltd. and later Everest Re Group Ltd. [53](https://www.sec.gov/Archives/edgar/data/1095073/000109507321000021/ex991.htm)[54](https://www.sec.gov/edgar/browse/?CIK=1095073)

Over time, Everest developed from its reinsurance roots into a broader insurance and reinsurance group. Among the portfolio-shaping steps disclosed in its filings, Everest said that former subsidiary Mt. McKinley was sold to Clearwater Insurance Company in 2015, together with a related retrocession arrangement [55](https://app.finbar.com/go?id=P-347e42d4432844aa9cdd1778cb0e1ffd)[56](https://app.finbar.com/go?id=P-5c82912343814bdbb5b79589ac3eb0ea). A major recent corporate milestone came on July 10, 2023, when the company changed its name from Everest Re Group, Ltd. to Everest Group, Ltd. and began trading under the NYSE ticker EG, marking the formal adoption of a broader group identity [57](https://app.finbar.com/go?id=P-23d974f3c24b4ab1b6083d61f99af60a).

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52. [EVEREST GROUP, LTD. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-88a2bdc177ee490f82a4e31078b23c61)
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54. [www.sec.gov](https://www.sec.gov/edgar/browse/?CIK=1095073)
55. [EVEREST GROUP, LTD. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-347e42d4432844aa9cdd1778cb0e1ffd)
56. [EVEREST GROUP, LTD. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P-5c82912343814bdbb5b79589ac3eb0ea)
57. [EVEREST GROUP, LTD. — Full financial report (2023 Y)](https://app.finbar.com/go?id=P-23d974f3c24b4ab1b6083d61f99af60a)

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