Loading RE detail
Loading ticker data...
Loading RE detail
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally.
The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in Bermuda, Canada, Europe, South America, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators.
Everest Re Group, Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.
Chart data unavailable
Everest Group (NYSE:EG – Get Free Report) and Selective Insurance Group (NASDAQ:SIGI – Get Free Report) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, risk, valuation, earnings, institutional ownership, analyst recommendations and profitability. Profitability This table compares Everest Group and Selective Insurance Group’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Everest Group 18.69% 24.86% 6.36% Selective Insurance Group 8.02% 13.73% 3.09% Valuation & Earnings This table compares Everest Group and Selective Insurance Group’s revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Everest Group $14.59 billion 1.17 $2.52 billion $67.29 5.84 Selective Insurance Group $4.40 billion 1.35 $365.24 million $5.66 17.28 Everest Group has higher revenue and earnings than Selective Insurance Group. Everest Group is trading at a lower price-to-earnings ratio than Selective Insurance Group, indicating that it is currently the more affordable of the two stocks. Dividends Everest Group pays an annual dividend of $7.00 per share and has a dividend yield of 1.8%. Selective Insurance Group pays an annual dividend of $1.40 per share and has a dividend yield of 1.4%. Everest Group pays out 10.4% of its earnings in the form of a dividend. Selective Insurance Group pays out 24.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Everest Group has increased its dividend for 2 consecutive years and Selective Insurance Group has increased its dividend for 10 consecutive years. Everest Group is clearly the better dividend stock, given its higher yield and lower payout ratio. Analyst Recommendations This is a breakdown of recent ratings and target prices for Everest Group and Selective Insurance Group, as reported by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Everest Group 0 3 3 1 2.71 Selective Insurance Group 1 4 1 0 2.00 Everest Group currently has a consensus price target of $432.11, suggesting a potential upside of 9.97%. Selective Insurance Group has a consensus price target of $105.17, suggesting a potential upside of 7.55%. Given Everest Group’s stronger consensus rating and higher probable upside, equities analysts clearly believe Everest Group is more favorable than Selective Insurance Group. Volatility and Risk Everest Group has a beta of 0.57, meaning that its share price is 43% less volatile than the S&P 500. Comparatively, Selective Insurance Group has a beta of 0.55, meaning that its share price is 45% less volatile than the S&P 500. Insider and Institutional Ownership 92.6% of Everest Group shares are owned by institutional investors. Comparatively, 82.9% of Selective Insurance Group shares are owned by institutional investors. 1.2% of Everest Group shares are owned by insiders. Comparatively, 1.5% of Selective Insurance Group shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term. Summary Everest Group beats Selective Insurance Group on 14 of the 18 factors compared between the two stocks. About Everest Group (Get Free Report) Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines, and general agents in the United States, Bermuda, Canada, Europe, South America, Singapore, France, Germany, Spain, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and accident and health, specialty underwriters, eversports and entertainment, and surety and credit, marine and aviation, as well as structured and property hybrid solutions. In addition, it 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. About Selective Insurance Group (Get Free Report) Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products. The company also invests in fixed income investments and commercial mortgage loans, as well as equity securities, short-term investments, and alternative investments, and other investments. It offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. The company was founded in 1926 and is headquartered in Branchville, New Jersey.
Operating portfolio of 10,934 MW, largest in India 2,000 MW solar capacity at Khavda, contributes to this milestone 2,848 MW renewables capacity brought on stream in FY24 AHMEDABAD, India–(BUSINESS WIRE)–#AGEL–Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering … The post Adani Green Energy Becomes India’s First to Surpass 10,000 MW Renewable Energy appeared fir...
Everest Re's (EG) second-quarter results reflect higher premiums across its reinsurance and insurance businesses, improved net investment income and underwriting income, partly offset by higher expenses.
Everest Re, a multinational provider of reinsurance and insurance products, is rebranding as 'Everest Group' and changing its ticker to 'EG' to reflect its dual focus on reinsurance and primary insurance products. The company's Q1 revenues were $3.29bn, a 13.45% YoY increase, with a net income of $360.00mn, up 22.54% YoY, and a free cash flow of $1.20bn, up 19.01% since Q1'22. Combined with operational growth driven by macro tailwinds for reinsurance, segmented diversification, and geographic growth, this leads me to rate Everest a 'buy'
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, has appointed FBI cyber veteran Don Good as Chief Information Security Officer, effective immediately. He will report to Srini Maddineni, Everest's Group Chief Information Officer, and will be based in Warren, NJ. “Don's appointment reflects our ongoing commitment to the highest level of preparedness an.
Let's see how Cincinnati Financial (CINF) and Everest Re (RE) fare in terms of some of the key metrics.
Everest Re (RE) reported earnings 30 days ago. What's next for the stock?
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE) (“Everest”), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced that Ricardo Anzaldua has been appointed Executive Vice President and Group General Counsel, effective June 12, 2023. Mr. Anzaldua will report to President and CEO Juan C. Andrade and will serve on the Company's executive leadership team. “Ricardo is a highly accomplished and.
Segmental strength, solid capital position and favorable estimates poise Everest Re (RE) well for growth.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.65 per common share payable on or before June 16, 2023 to all shareholders of record as of May 31, 2023. About Everest Everest is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers' most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE) (“Everest”), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced that following shareholder approval at the Company's Annual General Meeting yesterday, it will change its name to Everest Group, Ltd. and will trade under the new ticker symbol (NYSE: EG), effective on July 10, 2023. “Everest's new name and stock ticker reflect the evolution of our.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE) (the “Company” or “Everest”) announced today the pricing of an underwritten public offering of 3,600,000 common shares at a price to the public of $360.00 per share, before underwriting discounts and commissions. The underwriters have the option to purchase up to an aggregate of 540,000 additional common shares from the Company. This reflects an upsizing of the previously announced offering of 3,000,000 shares and 450,000 opt.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE) (the “Company” or “Everest”) announced today that it has commenced an underwritten public offering of 3,000,000 common shares. The underwriters will have the option to purchase up to an aggregate of 450,000 additional common shares from the Company. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include expanding its existing business lines and operations. Citigroup Gl.
While the top- and bottom-line numbers for Everest Re (RE) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
