Revenue growth has stagnated with a 4.0% contraction in 2026Q1, while underwriting profitability remains sensitive to loss events, evidenced by combined ratios fluctuating between 79.6% and 116.1% over the last ten quarters.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Revenue | 17.15B | 17.32B | 17.08B | 14.46B | 11.98B | 11.33B | 9.6B | 8.23B | 7.36B | 6.62B | 5.79B | 5.68B | 5.68B | 5.64B | 4.92B | 4.69B | 4.71B | 4.5B | 3.53B | 4.78B | 4.52B | 4.56B | 5.02B | 4.11B | 2.56B | 1.8B | 1.48B | 2.61B | 1.32B | 1.3B | 1.17B |
| Revenue Growth % | -0.49% | 1.42% | 18.06% | 20.68% | 5.8% | 18.02% | 16.61% | 11.81% | 11.16% | 14.29% | 2.07% | -0.04% | 0.68% | 14.59% | 4.88% | -0.25% | 4.61% | 27.53% | -26.23% | 5.86% | -0.99% | -9.07% | 22.16% | 60.58% | 41.97% | 21.74% | -43.4% | 98.78% | 1.23% | 11.11% | - |
| Medical Costs & Claims | 12.26B | 13.76B | 14.61B | 11.38B | 10.63B | 9.6B | 8.42B | 6.63B | 7.17B | 5.83B | 4.33B | 4.25B | 4B | 3.78B | 3.7B | 4.68B | 3.88B | 2.37B | 2.44B | 2.7B | 2.57B | 3.85B | 3.41B | 2.69B | 2.25B | 1.27B | 936.25M | 819.83M | 827.97M | 326.5M | 56.5M |
| Medical Cost Ratio % | 71.52% | 79.48% | 85.53% | 78.67% | 88.68% | 84.75% | 87.77% | 80.51% | 97.4% | 87.98% | 74.7% | 74.84% | 70.38% | 66.97% | 75.12% | 99.63% | 82.4% | 52.77% | 69.14% | 56.48% | 56.95% | 84.47% | 67.88% | 65.61% | 88.01% | 70.41% | 63.27% | 31.36% | 62.95% | 25.13% | 4.83% |
| Gross Profit | 4.88B | 3.55B | 2.47B | 3.08B | 1.36B | 1.73B | 1.17B | 1.6B | 191.06M | 795.75M | 1.47B | 1.43B | 1.68B | 1.86B | 1.22B | 17.24M | 828.24M | 2.12B | 1.09B | 2.08B | 1.94B | 708.34M | 1.61B | 1.41B | 306.62M | 533.14M | 543.58M | 1.79B | 487.24M | 972.7M | 1.11B |
| Gross Margin % | 28.48% | 20.52% | 14.47% | 21.33% | 11.32% | 15.25% | 12.23% | 19.49% | 2.6% | 12.02% | 25.3% | 25.16% | 29.62% | 33.03% | 24.88% | 0.37% | 17.6% | 47.23% | 30.86% | 43.52% | 43.05% | 15.53% | 32.12% | 34.39% | 11.99% | 29.59% | 36.73% | 68.64% | 37.05% | 74.87% | 95.17% |
| Gross Profit Growth % | - | 43.82% | -19.9% | 127.34% | -21.47% | 47.19% | -26.83% | 739.8% | -75.99% | -45.72% | 2.63% | -15.07% | -9.72% | 52.1% | 7006.31% | -97.92% | -61.02% | 95.16% | -47.7% | 7.01% | 174.57% | -56.04% | 14.09% | 360.65% | -42.49% | -1.92% | -69.71% | 268.31% | -49.91% | -12.59% | - |
| Operating Expenses | 2.44B | 1.6B | 976M | 931M | 769M | 184M | 588M | 505.56M | 433.24M | 376.34M | 366.18M | 316.51M | 295.06M | 308.06M | 285.32M | 251.18M | 237M | 1.19B | 1.17B | 1.05B | 953.15M | 989.26M | 1.05B | 921.22M | 44.57M | 442.8M | 311.83M | 1.6B | 274.56M | 0 | 0 |
| OpEx / Revenue % | 14.24% | 9.24% | 5.72% | 6.44% | 6.42% | 1.62% | 6.13% | 6.14% | 5.89% | 5.68% | 6.32% | 5.58% | 5.2% | 5.46% | 5.8% | 5.35% | 5.04% | 26.35% | 33.23% | 22.03% | 21.1% | 21.68% | 20.96% | 22.43% | 1.74% | 24.58% | 21.07% | 61.12% | 20.88% | 0% | 0% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8.43M | 21.95M | 27.46M | 24.92M | 10.64M | -7.34M | 152K | 112K | 0 | 0 | 0 | 0 |
| Combined Ratio % | 85.77% | 88.72% | 91.25% | 85.11% | 95.09% | 86.37% | 93.89% | 86.65% | 103.29% | 93.67% | 81.02% | 80.41% | 75.58% | 72.43% | 80.91% | 104.98% | 87.44% | 79.12% | 102.37% | 78.5% | 78.05% | 106.16% | 88.85% | 88.04% | 89.75% | 94.99% | 84.34% | 92.48% | 83.83% | 25.13% | 4.83% |
| Operating Income | 2.44B | 1.95B | 1.5B | 2.15B | 588M | 1.54B | 586M | 1.1B | -242.18M | 419.41M | 1.1B | 1.11B | 1.39B | 1.55B | 939.53M | -233.95M | 591.24M | 939.32M | -83.61M | 1.03B | 991.75M | -280.92M | 559.7M | 491.21M | 262.04M | 90.34M | 231.74M | 196.58M | 212.68M | 972.7M | 1.11B |
| Operating Margin % | 14.23% | 11.28% | 8.75% | 14.89% | 4.91% | 13.63% | 6.11% | 13.35% | -3.29% | 6.33% | 18.98% | 19.59% | 24.42% | 27.57% | 19.09% | -4.98% | 12.56% | 20.88% | -2.37% | 21.5% | 21.95% | -6.16% | 11.15% | 11.96% | 10.25% | 5.01% | 15.66% | 7.52% | 16.17% | 74.87% | 95.17% |
| Operating Income Growth % | - | 30.7% | -30.59% | 266.33% | -61.92% | 163.48% | -46.68% | 553.79% | -157.74% | -61.87% | -1.08% | -19.82% | -10.81% | 65.51% | 501.6% | -139.57% | -37.06% | 1223.5% | -108.13% | 3.65% | 453.04% | -150.19% | 13.94% | 87.45% | 190.05% | -61.02% | 17.89% | -7.57% | -78.14% | -12.59% | - |
| EBITDA | 2.52B | 2.07B | 1.64B | 2.29B | 689M | 1.62B | 621M | 1.13B | -211.15M | 451.01M | 1.14B | 1.15B | 1.43B | 1.6B | 993.21M | -181.63M | 647.07M | 1.01B | -4.44M | 1.02B | 1.01B | -253.46M | 584.62M | 501.85M | 254.71M | 90.5M | 231.85M | 198.07M | 212.68M | 972.7M | 1.11B |
| EBITDA Margin % | 14.68% | 11.94% | 9.62% | 15.82% | 5.75% | 14.27% | 6.47% | 13.74% | -2.87% | 6.81% | 19.61% | 20.22% | 25.1% | 28.38% | 20.18% | -3.87% | 13.75% | 22.48% | -0.13% | 21.32% | 22.44% | -5.56% | 11.65% | 12.22% | 9.96% | 5.02% | 15.67% | 7.58% | 16.17% | 74.87% | 95.17% |
| Interest Expense | 137M | 139M | 149M | 134M | 101M | 70M | 36M | 31.69M | 31.03M | 31.6M | 36.23M | 36.19M | 38.53M | 46.12M | 53.68M | 52.32M | 55.83M | 72.08M | 79.17M | 91.56M | 68.6M | 72.96M | 75.54M | 57.29M | 44.57M | 46M | 39.39M | 1.49M | 0 | 0 | 0 |
| Non-Operating Income | -77M | -114M | -147M | -134M | -101M | -72M | -35M | -31.69M | -31.03M | -31.6M | -36.23M | -36.19M | -38.53M | -46.12M | -53.68M | -52.32M | -55.83M | -72.08M | -79.17M | -91.56M | -68.6M | -72.96M | -75.54M | -57.29M | -44.57M | -46M | -39.39M | -1.49M | 0 | 0 | 0 |
| Pretax Income | 2.42B | 1.93B | 1.49B | 2.15B | 588M | 1.55B | 585M | 1.1B | -242.18M | 419.41M | 1.1B | 1.11B | 1.39B | 1.55B | 939.53M | -233.95M | 591.24M | 939.32M | -83.61M | 1.03B | 991.75M | -280.92M | 559.7M | 491.21M | 262.04M | 90.34M | 231.74M | 196.58M | 212.68M | 207.3M | 143.8M |
| Pretax Margin % | 14.09% | 11.14% | 8.74% | 14.89% | 4.91% | 13.65% | 6.1% | 13.35% | -3.29% | 6.33% | 18.98% | 19.59% | 24.42% | 27.57% | 19.09% | -4.98% | 12.56% | 20.88% | -2.37% | 21.5% | 21.95% | -6.16% | 11.15% | 11.96% | 10.25% | 5.01% | 15.66% | 7.52% | 16.17% | 15.96% | 12.3% |
| Income Tax | 383M | 339M | 120M | -363M | -9M | 167M | 71M | 89.53M | -331.22M | -63.34M | 103.5M | 134.02M | 187.65M | 289.71M | 110.57M | -153.46M | -19.52M | 132.33M | -64.85M | 188.68M | 150.92M | -62.25M | 64.9M | 65.19M | 30.74M | -8.68M | 45.36M | 38.52M | 47.48M | 52.3M | 31.8M |
| Effective Tax Rate % | 15.85% | 17.57% | 8.04% | -16.85% | -1.53% | 10.8% | 12.14% | 8.15% | 136.77% | -15.1% | 9.41% | 12.05% | 13.53% | 18.63% | 11.77% | 65.6% | -3.3% | 14.09% | 77.56% | 18.35% | 15.22% | 22.16% | 11.6% | 13.27% | 11.73% | -9.6% | 19.57% | 19.6% | 22.32% | 25.23% | 22.11% |
| Net Income | 2.03B | 1.59B | 1.37B | 2.52B | 597M | 1.38B | 514M | 1.01B | 89.04M | 482.75M | 996.34M | 977.87M | 1.2B | 1.26B | 828.95M | -80.49M | 610.75M | 806.99M | -18.76M | 839.27M | 840.83M | -218.67M | 494.9M | 426.03M | 231.3M | 99.02M | 186.38M | 158.06M | 165.2M | 155M | 112M |
| Net Margin % | 11.86% | 9.19% | 8.04% | 17.4% | 4.98% | 12.17% | 5.36% | 12.26% | 1.21% | 7.29% | 17.2% | 17.23% | 21.12% | 22.33% | 16.84% | -1.71% | 12.98% | 17.94% | -0.53% | 17.55% | 18.61% | -4.79% | 9.86% | 10.37% | 9.04% | 5.5% | 12.59% | 6.05% | 12.56% | 11.93% | 9.58% |
| Net Income Growth % | 139.29% | 15.88% | -45.45% | 321.61% | -56.71% | 168.29% | -49.08% | 1033.7% | -81.56% | -51.55% | 1.89% | -18.45% | -4.78% | 51.92% | 1129.94% | -113.18% | -24.32% | 4402.11% | -102.24% | -0.18% | 484.52% | -144.18% | 16.17% | 84.19% | 133.6% | -46.87% | 17.92% | -4.32% | 6.58% | 38.39% | - |
| EPS (Diluted) | 50.49 | 37.86 | 31.78 | 60.24 | 15.19 | 34.62 | 12.78 | 24.70 | 2.53 | 11.36 | 23.68 | 22.10 | 25.91 | 25.44 | 15.79 | -1.49 | 10.70 | 13.22 | -0.30 | 13.19 | 12.87 | -3.79 | 8.71 | 7.74 | 4.52 | 2.10 | 4.02 | 3.25 | 8.14 | 7.97 | 6.07 |
| EPS Growth % | 150.87% | 19.13% | -47.24% | 296.58% | -56.12% | 170.89% | -48.26% | 876.28% | -77.73% | -52.03% | 7.15% | -14.7% | 1.85% | 61.11% | 1159.73% | -113.93% | -19.06% | 4506.67% | -102.27% | 2.49% | 439.58% | -143.51% | 12.53% | 71.24% | 115.24% | -47.76% | 23.69% | -60.07% | 2.13% | 31.3% | - |
| EPS (Basic) | - | 37.86 | 31.78 | 60.19 | 15.19 | 34.66 | 12.81 | 24.77 | 2.54 | 11.43 | 23.85 | 22.29 | 26.16 | 25.67 | 15.85 | -1.49 | 10.73 | 13.26 | -0.30 | 13.30 | 12.99 | -3.79 | 8.85 | 7.89 | 4.60 | 2.14 | 4.06 | 3.26 | 8.19 | 8.01 | 6.10 |
| Diluted Shares Outstanding | 40.28M | 41.41M | 42.7M | 41.3M | 39M | 39.3M | 39.73M | 40.42M | 40.93M | 41.28M | 42.08M | 44.25M | 46.28M | 49.5M | 52.5M | 54.02M | 57.08M | 61.04M | 61.67M | 63.63M | 65.32M | 57.65M | 56.82M | 55.01M | 51.14M | 47.11M | 46.36M | 48.69M | 50.66M | 50.77M | 50.68M |
Catastrophe loss volatility
As reported in recent financial statements, Everest Group's revenue growth has decelerated significantly, with the most recent quarter showing a 4.0% contraction, suggesting that the firm is prioritizing underwriting discipline and margin preservation over aggressive premium volume expansion in the current competitive global reinsurance market environment.
The shift from double-digit growth in early 2024 to negative territory in 2026 suggests a strategic pivot toward more selective risk assumption. Investors should monitor whether this contraction reflects a deliberate retreat from softening market segments or an inability to maintain lead positions in key renewal cycles.
Based on the company's reported figures, the combined ratio has fluctuated between 79.6% and 116.1% over the last ten quarters, indicating that underwriting profitability remains highly sensitive to catastrophe events and the inherent volatility of the firm's diversified reinsurance and primary insurance business model.
The sharp deterioration in the 2024Q4 combined ratio to 116.1% highlights the vulnerability of the current portfolio to large-scale loss events. While the subsequent recovery to 81.9% in 2026Q1 suggests effective remediation, the volatility in the loss ratio warrants further investigation into the adequacy of current pricing models.
According to the provided quarterly data, the 2024Q4 period represents a critical inflection point where the company recorded a net loss of $593 million, driven by a 110% loss ratio that severely impacted the firm's operating income and overall profitability trajectory for the subsequent fiscal year.
This period serves as a stark reminder of the earnings volatility inherent in the reinsurance sector. The subsequent rebound in operating income suggests that the company possesses the capital flexibility to absorb significant shocks, though it raises questions regarding the consistency of future earnings power.
While the firm has successfully diversified into primary insurance, the increasing exposure to casualty and specialty lines, as noted in recent company intelligence, may introduce long-tail litigation risks that could mask underlying underwriting issues through delayed reserve development and potential future adverse loss experience.
The transition toward casualty lines may offer lower volatility than property catastrophe, but it shifts the risk profile toward social inflation and legal environment changes. Investors should remain cautious, as these liabilities are often harder to quantify and may not manifest in the combined ratio until several years post-inception.
Quick answers to the most common questions about buying EG stock.
For fiscal year 2025, Everest Re Group, Ltd. (EG) reported total revenue of $17.32B. This represents a 1381.1% increase compared to $1.17B in 1996.
Everest Re Group, Ltd. (EG) is profitable, generating $1.59B in net income for the fiscal year ending 2025 with a net profit margin of 9.2%.
Everest Re Group, Ltd. (EG) reported an operating income of $1.95B, resulting in an operating profit margin of 11.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Everest Re Group, Ltd. (EG) generated $3.55B in gross profit for the year, representing a gross profit margin of 20.5%. This demonstrates the company's core pricing power and production efficiency.