Full-Time
Posted on 7/29/2025
Global reinsurance and insurance provider
$173k - $237k/yr
Middlesex, NJ, USA
In Person
Everest provides reinsurance and insurance services worldwide. It operates through subsidiaries in the U.S., Europe, Singapore, Canada and Bermuda, and is organized into two main segments: Reinsurance and Insurance. The Reinsurance segment writes property and casualty reinsurance as well as specialty lines, on both treaty and facultative bases, for a global client base. The Insurance segment offers property, casualty, and specialty insurance products. Everest uses a hybrid business model that combines these two lines to offer a diversified set of risk-management solutions. Its goal is to help clients manage a wide spectrum of risks by leveraging its global reach, experience, and underwriting expertise.
Company Size
501-1,000
Company Stage
IPO
Headquarters
null
Founded
1973
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Flexible Work Hours
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401(k) Retirement Plan
Everest Group, a $13 billion reinsurance and insurance company, has fallen 13% from its 52-week high of $370.21 reached on 28 March. The stock has declined 10.6% over the past year, significantly underperforming the S&P 500's 19.3% gain during the same period. The company has strategically shifted towards high-margin global wholesale and specialty lines, moving away from volatile catastrophe exposures. However, its Q4 results posted on 4 February showed mixed performance, with revenue falling 4.6% year-over-year to $4.4 billion, though beating analyst expectations. Net operating income reached $13.26 per share, up from an operating loss in the prior year quarter, but missed consensus estimates. EG has underperformed rival Reinsurance Group of America, which gained 9% over the past year.
Everest Group reported annual net income of $1.6 billion and net operating income of $1.9 billion for 2025, with a 10.5% net income return on equity and 13.1% total shareholder return. The company generated $17.7 billion in gross written premium, down 3.1% year-over-year. Fourth-quarter net income reached $446 million, with gross written premium of $4.3 billion, down 8.6% as strong double-digit growth in speciality lines was offset by targeted reductions in casualty lines. The combined ratio stood at 98.4% for the Group. Everest repurchased $797 million of common shares in 2025, including $397 million during the fourth quarter. Net investment income reached a company record of $2.1 billion for the year, up $170 million.
Everest has leased 66,444 Sq Ft of office space in New York City. Everest has leased 66,444 Sq Ft of office space in New York City.New York, New York — According to state and local development sources, Everest plans to expand into 66,444 square feet of new space in New York. The company plans to occupy the new space at 1155 6th Ave in New York, on or about December 1, 2024. According to the company website Everest Group, Ltd. (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 risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance businesses. “Jim is an excellent executive, a multi-faceted operator, and consummate underwriter with a record of building best in class businesses,” said Juan C. Andrade, Everest President CEO. “Jim has been a valuable partner in driving Everest’s transformation to the world class company we are today. As we continue to expand, diversify and scale Everest’s global platform, Jim’s diverse Property Casualty experience spanning multiple lines of business, functions, and geographies is ideal to lead our global portfolio in Everest’s next chapter.”
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions has announced the promotion of two key leaders in the Reinsurance Division, both effective immediately. Jill Beggs has been promoted to Reinsurance EVP and Chief Operating Officer of the Division. In this role, Ms. Beggs will manage the profitable growth of the division’s worldwide portfolio, including Global Treaty, Facultative, and Specialty reinsurance businesses as well as Mt. Logan