Everest Group: Turnaround Is Underway

2026-03-02 06:45:00 ET

Shares of Everest Group (EG) have been a poor performer over the past year, losing about 3% of their value. While the quiet hurricane season was a major positive, difficulties with legacy policies required Everest to add reserves, reinsure some of its risk, and essentially shrink 40% of its insurance business by selling renewal rights to AIG ( AIG ). This should result in a leaner company, free from past underwriting missteps. Given this, I rated shares a "B uy" in October , and performance has been solid since then, with EG up about 8%. With updated financials, now is a good time to revisit Everest....

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