Everest Group, LtdNYSE: EG
Financials · Reinsurance
$341.50
-4.20%
Vol: 12K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Everest Group announced on May 19, 2026 a binding agreement to sell its Colombian insurance subsidiary to AIG as part of its strategic refocus on core Global Reinsurance and Specialty Insurance segments.Positive▶
Everest Group (EG) finalized a definitive agreement on May 19, 2026 for AIG to acquire Everest Compania de Seguros Generales Colombia. The divestiture aligns with Everest's restructuring plan to concentrate on its core Global Reinsurance and Specialty Insurance operations under new CEO Jim Williamson. The Colombian sale follows recent leadership changes, including Elias Habayeb taking over as CFO effective May 1 and Lisa Davis being named Head of North America Wholesale & Specialty. Financial terms of the AIG transaction were not disclosed. The move further streamlines Everest's international footprint after a strong Q1 2026 in which net income rose to $653 million despite a 4.6% revenue decline. Analyst consensus 12-month price target stands at approximately $372.60.
May 20Everest Group sells Colombian insurance operations to AIG and adds specialty insurance executive Lisa Davis to leadership.Positive▶
On May 19, 2026, Everest Group finalized a binding agreement to sell Everest Compania de Seguros Generales Colombia S.A. to AIG as part of its strategic shift toward Global Reinsurance and Specialty Insurance core segments. On May 15, the company appointed Lisa Davis as Head of North America, Wholesale & Specialty, bringing 35+ years of specialty insurance experience. Everest also held its annual meeting May 13 in Bermuda, with shareholders electing 11 directors and approving the 2020 Stock Incentive Plan amendment adding 812,000 shares. The company recently reported Q1 2026 adjusted EPS of $16.08 and $653 million net income amid restructuring and aggressive share buybacks. EVP Jason Keen sold 775 shares at $351.84 on May 7.
May 19Everest Group held May 13 annual meeting electing 11 directors and adding 812K shares to incentive plan as Habayeb takes over as CFOPositive▶
Everest Group held its annual shareholder meeting in Bermuda on May 13, 2026, with proposals including election of 11 directors, KPMG reappointment as auditor, and approval of 812,000 additional shares for the 2020 Stock Incentive Plan. Elias Habayeb assumed the role of EVP and Group CFO on or around May 1, succeeding retiring CFO Mark Kociancic who stays on as Special Advisor. Q1 2026 adjusted EPS of $16.08 beat estimates by 15% on revenue of $4.07B (-4.6% YoY), with a 91.2% combined ratio and $33M favorable reserve development. The buyback floor was raised to $300M quarterly with share count down 6.3% YoY. Analyst consensus is Buy (6 buys, 0 sells) with the stock around $354.58 at a 7.14 P/E and 2.3% yield.
May 18Norges Bank discloses 5.19% passive stake in Everest Group as company holds annual meeting in Bermuda with proposed stock plan amendment and new CFO transition completePositive▶
Norges Bank filed a Schedule 13G disclosing a 5.19% stake in Everest Group around mid-May 2026. The company held its annual shareholder meeting in Bermuda on May 13, 2026, where shareholders voted on 11 director nominees, ratification of KPMG as auditor, executive pay advisory, and an amendment to the 2020 Stock Incentive Plan adding 812,000 shares. Elias Habayeb officially assumed the CFO role effective on or about May 1, 2026, succeeding Mark Kociancic. EG continues its self-help strategy with a $300M quarterly buyback floor and 6.3% YoY share count reduction. The stock traded at $350.78 as of May 11, with one analyst maintaining a Buy rating and ~$390 PT (~12% upside).
May 15Everest Group held annual meeting in Bermuda May 13 with 11 director slate; Q1 adjusted EPS of $16.08 beat by 15% as buyback floor lifted to $300M quarterly.Positive▶
Everest Group held its annual shareholder meeting in Bermuda on May 13, 2026, with proposals including electing 11 directors, appointing KPMG as auditor, and approving non-binding advisory vote on 2025 executive compensation. Q1 2026 adjusted EPS of $16.08 beat expectations by 15% despite a 4.6% revenue decline to $4.07 billion (net premiums and property catastrophe pricing softened). Net income rose to $653 million ($16.21 basic EPS). The company is leaning into specialty lines and exiting commercial retail insurance, with the buyback floor increased to $300 million quarterly and share count down 6.3% YoY. EVP Jason Keen sold 775 shares on May 7 at $351.84. Elias Habayeb became EVP and Group CFO effective ~May 1.
May 14Everest Group held Annual General Meeting May 13 as Citigroup raises price target to $395 on strong Q1 underwriting discipline.Positive▶
Everest Group held its Annual General Meeting on May 13, 2026, following a May 12 price target increase by Citigroup from $342 to $395. The catalyst is Q1 2026 results showing adjusted EPS of $16.08 (beating estimates by 15%) and a 91.2% combined ratio with $33M in favorable reserve development, signaling improved underwriting discipline. Revenue of $4.07B was down 4.6% YoY but reflects deliberate portfolio repositioning toward profitability. The company raised its buyback floor to $300M quarterly, with share count down 6.3% YoY. Leadership transitions include Elias Habayeb as new EVP/Group CFO (effective May 1) and Lisa Davis as Head of North America Wholesale & Specialty. Insider Jason Keen sold 775 shares May 7 at $351.84.
May 13Everest Group EVP Jason Keen sells 775 shares at $351.84 ahead of May 13 annual meeting; Q1 combined ratio of 91.2% beats expectationsPositive▶
Everest Group EVP Jason Keen sold 775 common shares on May 7, 2026 at $351.84 per share in an open-market transaction, leaving him with 8,170 shares. The company's annual meeting takes place in Bermuda on May 13, where shareholders will vote on 11 directors, KPMG as auditor, and an amendment to the 2020 Stock Incentive Plan adding 812,000 shares. Q1 2026 results showed adjusted EPS of $16.08 beating expectations by 15%, with a strong combined ratio of 91.2% despite a 4.6% revenue decline to $4.07B. Lisa Davis was appointed Head of North America Wholesale & Specialty, and Elias Habayeb was named EVP and CFO effective May 1, succeeding the retiring Mark Kociancic. Multiple analysts lifted price targets following the operating performance.
May 12Everest Group holds its May 13 annual shareholder meeting in Bermuda, with new CFO Elias Habayeb now in place following Mark Kociancic's May 1 retirement.Neutral▶
Everest Group's annual meeting on May 13, 2026 will vote on 11 director elections, KPMG reappointment, and 2025 executive compensation. The meeting follows the May 1 CFO transition, with Elias Habayeb (ex-Corebridge, AIG) replacing Mark Kociancic, who is staying on as Special Advisor. Q1 results posted earlier showed adjusted EPS of $16.08 on $4.07B revenue and a sale agreement for Canadian Commercial Retail Insurance Ops to Wawanesa Mutual is pending H2 close. Bear case: revenue declined ~4.6% YoY and reinsurance pricing softness could pressure future margins.
May 11Everest Groups new CFO Elias Habayeb took office and shareholders prepare for May 13 annual meeting; recent Q1 showed combined ratio of 91.2%.Positive▶
Elias Habayeb joined Everest Group as EVP and Group CFO effective on or about May 1, 2026. The company's 2026 annual shareholder meeting is scheduled for May 13 in Bermuda, with proposals to elect 11 directors, appoint KPMG as auditor, hold a non-binding say-on-pay vote, and approve adding 812,000 shares to the 2020 Stock Incentive Plan. The recent Q1 2026 report showed revenue of $4.07B (down from $4.26B) and net income of $653M with EPS of $16.21, beating expectations. The quarterly combined ratio improved to 91.2%, with shares rising 3.1% on the report. Analyst consensus Buy with $378.58 average target.
May 8Q1 net income surged to $653M ($16.21 EPS) vs $210M YoY; Mizuho raised PT to $388Positive▶
Everest Group reported Q1 2026 net income of $653M ($16.21 per diluted share) vs $210M ($4.90 per share) a year earlier. Revenue declined to $4.07B from $4.26B, but improved underwriting performance and higher-margin business mix drove stronger profitability. Stock jumped 3.1% on earnings beat ($16.08 actual vs $14.20 forecast). Mizuho raised PT to $388 from $365 (Neutral); Keefe Bruyette & Woods raised PT to $411 from $402 (Outperform). Everest appointed Lisa Davis as Head of North America Wholesale & Specialty and Elias Habayeb as EVP Group CFO. Q1 combined ratio of 91.2%.
May 7Everest beats Q1 EPS estimates by 15% with $16.08 adjusted earnings despite 4.4% revenue decline YoYPositive▶
Everest Group reported Q1 2026 adjusted EPS of $16.08, significantly beating $13.98 consensus estimate more than doubling $6.45 YoY. Net income reached $653M or $16.21 per diluted share. Revenue declined 4.4% to $4.07B but improved underwriting with combined ratio of 91.2% drove earnings beat. Company appointed Lisa Davis as Head of North America Wholesale & Specialty. Raised quarterly repurchase floor to $300M.
May 6Everest Group Q1 earnings beat expectations: EPS $16.08 vs $14.20 forecast on improved underwritingPositive▶
Everest Group reported strong Q1 2026 earnings on April 29 with EPS of $16.08, exceeding estimates of $14.20 and more than doubling Q1 2025 EPS of $6.45. Revenue of $4.07B and net premiums earned of $3.57B both declined YoY and fell short of expectations; however, the company emphasized profitability and capital efficiency. Improved underwriting performance delivered combined ratio of 91.2%, driving strong bottom-line results. Stock rose 3.1% post-earnings. Everest announced agreement to sell Global Retail Commercial Insurance renewal rights to AIG, totaling approximately $2B in aggregate gross premiums written. Recent analyst activity includes UBS raising target to $374 from $370 (May 5), Barclays maintaining Buy, and Evercore ISI keeping Hold. Pictet Asset Management and Danske Bank trimmed positions.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| EGEVEREST | $341.50 | -4.20% | +0.2% | 5.9x | 0.34 | $14.1B |
| BRK.BBERKSHIRE | $490.47 | +2.19% | -1.7% | 22.5x | 0.62 | $1.04T |
| JPMJPMORGAN | $322.55 | +6.45% | +0.8% | 12.9x | 1.02 | $811.9B |
| VVISA | $324.62 | -1.96% | -0.5% | 22.3x | 0.78 | $629.7B |
| MAMASTERCARD | $491.00 | -1.73% | -1.2% | 21.9x | 0.76 | $441.5B |
| BACBANK | $56.23 | +9.20% | +1.6% | 10.2x | 1.22 | $365.4B |
Key Fundamentals
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Moving Averages
Price above both MAs — bullish structure.