FALSE000109507300010950732024-04-292024-04-29


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
April 29, 2024


Everest Group, Ltd.

(Exact name of registrant as specified in its charter)

Bermuda1-1573198-0365432
(State or other jurisdiction(Commission(IRS Employer
of incorporation)File Number)Identification No.)
Seon Place – 4th Floor
141 Front Street
PO Box HM 845
Hamilton, Bermuda
HM 19
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code 441-295-0006


Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

ClassTrading Symbol(s)Name of Exchange where registered
Common Shares, $0.01 par valueEGNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 12(a) of the Exchange Act. ☐


ITEM 2.02    DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On April 29, 2024, the registrant issued a news release announcing its first quarter 2024 results. A copy of that news release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The news release furnished herewith contains information regarding the registrant’s operating income (loss). Operating income (loss) differs from net income (loss) attributable to Everest Group, the most directly comparable generally accepted accounting principle financial measure, by the exclusion of net gains (losses) on investments and net foreign exchange income (expense). Management believes that presentation of operating income (loss) provides useful information to investors because it more accurately measures and predicts the registrant’s results of operations by removing the variability arising from both the management of the registrant’s investment portfolio and the fluctuations of foreign currency exchange rates. In addition, management, analysts and investors use operating income (loss) to evaluate the financial performance of the registrant and the insurance industry in general.
In accordance with general instruction B.2 of Form 8-K, the information in this report, including exhibits, is furnished pursuant to Item 2.02 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section.
ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS
(c)
Exhibits
Exhibit No.Description
99.1
News Release of the registrant,
dated April 29, 2024


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EVEREST GROUP, LTD.
By:/S/ ROBERT J. FREILING
Robert J. Freiling
Senior Vice President and
Chief Accounting Officer
Dated: April 29, 2024


EXHIBIT INDEX
Exhibit
Number
Description of Document
Page No.
5
104
Cover Page Interactive Data File (embedded
within the Inline XBRL document


NEWS RELEASE
everestlogo7102023cropped.jpg
EVEREST GROUP, LTD.
Seon place, 141 Front Street, 4th Floor, Hamilton HM 19, Bermuda
Contacts
Media: Dawn Lauer Investors: Matt Rohrmann
Chief Communications Officer Head of Investor Relations
908.300.7670908.604.7343

Everest Reports First Quarter 2024 Results
Net Income of $733 million and Operating Income of $709 million
TSR1 of 18.1%; 20.6% Net Income ROE and 20.0% Operating Income ROE
88.8% Combined Ratio Resulting in Record Underwriting Income of $409 million

HAMILTON, Bermuda – (BUSINESS WIRE) – April 29, 2024 – Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today reported its first quarter 2024 results.

First Quarter 2024 Highlights
•Net Income of $733 million; Operating Income of $709 million driven by underwriting margin improvement and strong net investment income generation
•Total Shareholder Return of 18.1% annualized; 20.6% Net Income ROE and 20.0% Operating Income ROE
•$4.4 billion in gross written premium with year-over-year growth of 17.2%2 for the Group, 20.4%2 for Reinsurance, and 9.8%2 for Insurance
•Combined ratios of 88.8% for the Group, 87.3% for Reinsurance and 93.1% for Insurance
•Attritional combined ratios of 86.5% for the Group, 84.4% for Reinsurance and 92.5% for Insurance
•Pre-tax underwriting income of $409 million, a company record, versus pre-tax underwriting income of $273 million in the prior year
•$85 million of pre-tax catastrophe losses net of recoveries and reinstatement premiums, primarily driven by the Francis Scott Key Bridge Collapse in Baltimore, versus $110 million in the prior year
•Net investment income improved to $457 million versus $260 million in the prior year first quarter, a company record, driven by a larger asset base and strong core fixed income returns
•Strong operating cashflow for the quarter of $1.1 billion, in-line with the prior year quarter

Footnote 1 denotes annualized figure; represents Total Shareholder Return or "TSR"
Footnote 2 denotes constant currency figure and excludes reinstatement premiums


1


“Everest had a strong start to 2024, with first quarter results delivering significant profitability across all key metrics, including a Total Shareholder Return in excess of 18% and an operating return on equity of 20%," said Juan C. Andrade, Everest President and CEO. "Group underwriting income increased 50% over the prior year to a quarterly record of $409 million with a combined ratio of 88.8%, driven by both of our underwriting franchises. Our reinsurance business continued to differentiate Everest during another outstanding January 1 renewal as the flight to quality accelerated. We gained market share with targeted clients, positioning the portfolio for attractive levels of profitability. In our insurance division, we advanced our disciplined expansion across global markets, while remaining focused on prudent risk selection and the bottom line. Additionally, our investment portfolio contributed a record $457 million in net investment income. With strong momentum across our underwriting businesses, we are executing on our three-year strategic plan, focused on generating consistent, industry leading financial returns."

Summary of First Quarter 2024 Net Income and Other Items
•Net Income of $733 million, equal to $16.87 per diluted share versus first quarter 2023 net income of $365 million, equal to $9.31 per diluted share
•Operating income of $709 million, equal to $16.32 per diluted share versus first quarter 2023 net operating income of $443 million, equal to $11.31 per diluted share
•GAAP combined ratio of 88.8%, including 2.3 points of catastrophe losses, versus the first quarter 2023 figure of 91.2%, including 3.7 points of catastrophe losses

The following table summarizes the Company’s Net Income and related financial metrics.
Net income and operating incomeQ1Year to DateQ1Year to Date
All values in USD millions except for per share amounts and percentages2024202420232023
Everest Group
Net income (loss) 733733365365
Operating income (loss) (1)
709709443443
Net income (loss) per diluted common share16.8716.879.319.31
Net operating income (loss) per diluted common share16.3216.3211.3111.31
Net income (loss) return on average equity (annualized)20.6%20.6%14.2%14.2%
After-tax operating income (loss) return on average equity (annualized)20.0%20.0%17.2%17.2%
Notes
(1) Refer to the reconciliation of net income to net operating income found on page 8 of this press release
2

Shareholders' Equity and Book Value per ShareQ1Year to DateQ1Year to Date
All values in USD millions except for per share amounts and percentages2024202420232023
Beginning shareholders' equity13,20213,2028,4418,441
Net income (loss)733733365365
Change - unrealized gains (losses) - Fixed inc. investments(153)(153)249249
Dividends to shareholders(76)(76)(65)(65)
Purchase of treasury shares(35)(35)——
Other(42)(42)2424
Ending shareholders' equity13,62813,6289,0149,014
Common shares outstanding43.539.3
Book value per common share outstanding313.55229.49
Less: Unrealized appreciation/depreciation of fixed maturity investments ("URAD")(20.15)(37.15)
Adjusted book value per common share outstanding excluding URAD333.70266.64
Change in BVPS adjusted for dividends3.6%7.2%
Total Shareholder Return ("TSR") - Annualized18.1%14.1%
Common share dividends paid - last 12 months6.906.60


3

The following information summarizes the Company’s underwriting results, on a consolidated basis and by segment – Reinsurance and Insurance, with selected commentary on results by segment.
Underwriting information - Everest GroupQ1Year to DateQ1Year to DateYear on Year Change
All values in USD millions except for percentages2024202420232023Q1Year to Date
Gross written premium4,4114,4113,7433,74317.9%17.9%
Net written premium3,9003,9003,3293,32917.1%17.1%
Loss Ratio:
Current year58.9%58.9%59.7%59.7%(0.8) pts(0.8) pts
Prior year—%—%—%—%— pts— pts
Catastrophe2.3%2.3%3.7%3.7%(1.4) pts(1.4) pts
Total Loss ratio61.3%61.3%63.4%63.4%(2.1) pts(2.1) pts
Commission and brokerage ratio21.4%21.4%21.3%21.3%0.1 pts0.1 pts
Other underwriting expenses6.1%6.1%6.4%6.4%(0.3) pts(0.3) pts
Combined ratio88.8%88.8%91.2%91.2%(2.4) pts(2.4) pts
Attritional combined ratio (1)
86.5%86.5%87.6%87.6%(1.1) pts(1.1) pts
Pre-tax net catastrophe losses (2)
8585110110
Pre-tax net unfavorable (favorable) prior year reserve development————
Notes
(1) Attritional ratios exclude catastrophe losses, net CAT reinstatement premiums earned, prior year development, COVID-19 losses and losses from the Russia/Ukraine war.
(2) Pre-tax net catastrophe losses are net of reinsurance and reinstatement premiums


4

Reinsurance Segment – Quarterly Highlights
•Gross written premiums grew 20.4% on a constant dollar basis and excluding reinstatement premiums, to approximately $3.2 billion. Growth was broad-based across geographies and lines as the flight to quality continues to accelerate globally.
•Attritional loss ratio improved 80 basis points over last year to 57.2%, while the attritional combined ratio improved 150 basis points to 84.4% versus a year ago.
•Combined ratio improved 350 basis points over the last year to 87.3%.
•Pre-tax catastrophe losses were $80 million net of estimated recoveries and reinstatement premiums, driven primarily by the Baltimore Bridge Collapse.
•Risk-adjusted returns remain very attractive, particularly in property and specialty lines.
Underwriting information - Reinsurance segmentQ1Year to DateQ1Year to DateYear on Year Change
All values in USD millions except for percentages2024202420232023Q1Year to Date
Gross written premium3,1753,1752,6202,62021.2%21.2%
Net written premium2,9422,9422,4382,43820.7%20.7%
Loss Ratio:
Current year57.2%57.2%57.9%57.9%(0.7) pts(0.7) pts
Prior year—%—%—%—%— pts— pts
Catastrophe2.9%2.9%5.1%5.1%(2.2) pts(2.2) pts
Total Loss ratio60.2%60.2%63.0%63.0%(2.8) pts(2.8) pts
Commission and brokerage ratio24.6%24.6%25.0%25.0%(0.4) pts(0.4) pts
Other underwriting expenses2.6%2.6%2.8%2.8%(0.2) pts(0.2) pts
Combined ratio87.3%87.3%90.8%90.8%(3.5) pts(3.5) pts
Attritional combined ratio (1)
84.4%84.4%85.9%85.9%(1.5) pts(1.5) pts
Pre-tax net catastrophe losses (2)
8080108108
Pre-tax net prior year reserve development————
Notes
(1) Attritional ratios exclude catastrophe losses, net CAT reinstatement premiums earned, prior year development, COVID-19 losses and losses from the Russia/Ukraine war.
(2) Pre-tax net catastrophe losses are net of reinsurance and reinstatement premiums
5

Insurance Segment – Quarterly Highlights
•Gross written premiums rose to $1.2 billion, a 9.8% increase year-over-year in constant dollars, driven by a diversified mix of property and specialty lines, partially offset by lower written premiums in monoline workers' compensation and financial lines.
•Loss ratio improved 10 basis points over last year to 64.5%, while the attritional loss ratio improved 40 basis points over last year to 64.0%.
•Pre-tax catastrophe losses were $5 million, net of estimated recoveries and reinstatement premiums, relatively in-line with the prior year.
•Pricing continues to exceed loss trend overall and loss trend is stable.
•There was a meaningful acceleration in pricing across long-tail lines (excluding financial lines).
Underwriting information - Insurance segmentQ1Year to DateQ1Year to DateYear on Year Change
All values in USD millions except for percentages2024202420232023Q1Year to Date
Gross written premium1,2361,2361,1221,12210.1%10.1%
Net written premium9589588918917.5%7.5%
Loss Ratio:
Current year64.0%64.0%64.4%64.4%(0.4) pts(0.4) pts
Prior year—%—%—%—%— pts— pts
Catastrophe0.5%0.5%0.2%0.2%0.3 pts0.3 pts
Total Loss ratio64.5%64.5%64.6%64.6%(0.1) pts(0.1) pts
Commission and brokerage ratio12.0%12.0%12.0%12.0%— pts— pts
Other underwriting expenses16.6%16.6%15.6%15.6%1.0 pts1.0 pts
Combined ratio93.1%93.1%92.3%92.3%0.8 pts0.8 pts
Attritional combined ratio (1)
92.5%92.5%92.0%92.0%0.5 pts0.5 pts
Pre-tax net catastrophe losses (2)
5522
Pre-tax net prior year reserve development————
Notes
(1) Attritional ratios exclude catastrophe losses, net CAT reinstatement premiums earned, prior year development, COVID-19 losses and losses from the Russia/Ukraine war.
(2) Pre-tax net catastrophe losses are net of reinsurance and reinstatement premiums


Investments and Shareholders’ Equity as of March 31, 2024
•Total invested assets and cash of $38.1 billion versus $37.1 billion on December 31, 2023
•Shareholders’ equity of $13.6 billion vs. $13.2 billion on December 31, 2023, including $876 million of unrealized net losses on AFS fixed maturity investments
•Shareholders’ equity excluding unrealized gains (losses) on AFS fixed maturity investments of $14.5 billion versus $13.9 billion on December 31, 2023
•Book value per share of $313.55 versus $304.29 at December 31, 2023
•Book value per share excluding unrealized gains (losses) on AFS fixed maturity investments of $333.70 versus $320.95 at December 31, 2023
•Common share repurchases of $35.0 million during the quarter, representing 90,291 shares at an average price of $387.64 per share
•Common share dividends declared and paid in the quarter of $1.75 per share equal to $76 million

6

This news release contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of the Company. These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations, trends in insured and paid losses, catastrophes, pandemic, regulatory and legal uncertainties and other factors described in our latest Annual Report on Form 10-K. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Everest
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.

Everest common stock (NYSE: EG) is a component of the S&P 500 index.

Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.

A conference call discussing the results will be held at 8:00 a.m. Eastern Time on April 30, 2024. The call will be available on the Internet through the Company’s website at https://www.everestglobal.com/investor-relations.

Recipients are encouraged to visit the Company’s website to view supplemental financial information on the Company’s results. The supplemental information is located at www.everestglobal.com in the “Investors/Financials/Quarterly Results” section of the website. The supplemental financial information may also be obtained by contacting the Company directly.

_______________________________________________
The Company generally uses after-tax operating income (loss), a non-GAAP financial measure, to evaluate its performance. After-tax operating income (loss) consists of net income (loss) excluding after-tax net gains (losses) on investments and after-tax net foreign exchange income (expense) as the following reconciliation displays:
7

(Dollars in millions, except per share amounts)Three Months Ended March 31,Three Months Ended March 31,
2024202320242023
(unaudited)(unaudited)
AmountPer Diluted ShareAmountPer Diluted ShareAmountPer Diluted ShareAmountPer Diluted Share
After-tax operating income (loss)$709 $16.32 $443 $11.31 $709 $16.32 $443 $11.31 
After-tax net gains (losses) on investments(6)(0.13)6 0.14 (6)(0.13)6 0.14 
After-tax net foreign exchange income (expense)30 0.69 (84)(2.14)30 0.69 (84)(2.14)
Net income (loss)$733 $16.87 $365 $9.31 $733 $16.87 $365 $9.31 
(Some amounts may not reconcile due to rounding.)


Although net gains (losses) on investments and net foreign exchange income (expense) are an integral part of the Company’s insurance operations, the determination of net gains (losses) on investments and foreign exchange income (expense) is independent of the insurance underwriting process. The Company believes that the level of net gains (losses) on investments and net foreign exchange income (expense) for any particular period are not indicative of the performance of the underlying business in that particular period. Providing only a GAAP presentation of net income (loss) makes it more difficult for users of the financial information to evaluate the Company’s success or failure in its basic business and may lead to incorrect or misleading assumptions and conclusions. The Company understands that the equity analysts who follow the Company focus on after-tax operating income (loss) in their analyses for the reasons discussed above. The Company provides after-tax operating income (loss) to investors so that they have what management believes to be a useful supplement to GAAP information concerning the Company’s performance.
--Financial Details Follow--
8

EVEREST GROUP, LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
Three Months Ended
March 31,
(In millions of U.S. dollars, except per share amounts)20242023
(unaudited)
REVENUES:
Premiums earned$3,652 $3,100 
Net investment income457 260 
Total net gains (losses) on investments(7)5 
Other income (expense)31 (79)
Total revenues4,133 3,286 
CLAIMS AND EXPENSES:
Incurred losses and loss adjustment expenses2,237 1,966 
Commission, brokerage, taxes and fees782 661 
Other underwriting expenses224 200 
Corporate expenses22 19 
Interest, fees and bond issue cost amortization expense37 32 
Total claims and expenses3,302 2,878 
INCOME (LOSS) BEFORE TAXES832 408 
Income tax expense (benefit)99 43 
NET INCOME (LOSS)$733 $365 
Other comprehensive income (loss), net of tax:
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period(158)246 
Reclassification adjustment for realized losses (gains) included in net income (loss)5 3 
Total URA(D) on securities arising during the period(153)249 
Foreign currency translation adjustments(38)31 
Reclassification adjustment for amortization of net (gain) loss included in net income (loss)— — 
Total benefit plan net gain (loss) for the period— — 
Total other comprehensive income (loss), net of tax(191)280 
COMPREHENSIVE INCOME (LOSS)$542 $645 
EARNINGS PER COMMON SHARE:
Basic$16.87 $9.31 
Diluted16.87 9.31 
9

EVEREST GROUP, LTD.
CONSOLIDATED BALANCE SHEETS

March 31,December 31,
(In millions of U.S. dollars, except par value per share)20242023
(unaudited)
ASSETS:
Fixed maturities - available for sale, at fair value
(amortized cost: 2024, $29,311; 2023, $28,568, credit allowances: 2024, $(46); 2023, $(48))$28,297 $27,740 
Fixed maturities - held to maturity, at amortized cost
(fair value: 2024, $842; 2023, $854, net of credit allowances: 2024, $(9); 2023, $(8))840 855 
Equity securities, at fair value216 188 
Other invested assets4,854 4,794 
Short-term investments 2,397 2,127 
Cash1,544 1,437 
Total investments and cash38,148 37,142 
Accrued investment income327 324 
Premiums receivable (net of credit allowances: 2024, $(43); 2023, $(41))5,101 4,768 
Reinsurance paid loss recoverables (net of credit allowances: 2024, $(27); 2023, $(26))233 164 
Reinsurance unpaid loss recoverables 2,084 2,098 
Funds held by reinsureds1,155 1,135 
Deferred acquisition costs1,331 1,247 
Prepaid reinsurance premiums702 713 
Income tax asset, net823 868 
Other assets (net of credit allowances: 2024, $(10); 2023, $(9))1,033 941 
TOTAL ASSETS$50,937 $49,399 
LIABILITIES:
Reserve for losses and loss adjustment expenses25,211 24,604 
Unearned premium reserve6,826 6,622 
Funds held under reinsurance treaties11 24 
Amounts due to reinsurers716 650 
Losses in course of payment168 171 
Senior notes2,349 2,349 
Long-term notes218 218 
Borrowings from FHLB819 819 
Accrued interest on debt and borrowings43 22 
Unsettled securities payable403 137 
Other liabilities543 582 
Total liabilities37,308 36,197 
SHAREHOLDERS' EQUITY:
Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding— — 
Common shares, par value: $0.01; 200.0 shares authorized; (2024) 74.3 and (2023) 74.2
outstanding before treasury shares1 1 
Additional paid-in capital3,768 3,773 
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit)
of $(137) at 2024 and $(99) at 2023(1,125)(934)
Treasury shares, at cost; 30.9 shares (2024) and 30.8 shares (2023)(3,943)(3,908)
Retained earnings14,927 14,270 
Total shareholders' equity 13,628 13,202 
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$50,937 $49,399 
10

EVEREST GROUP, LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Three Months Ended
March 31,
(In millions of U.S. dollars)20242023
(unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)$733 $365 
Adjustments to reconcile net income to net cash provided by operating activities:
Decrease (increase) in premiums receivable(370)(259)
Decrease (increase) in funds held by reinsureds, net(33)(17)
Decrease (increase) in reinsurance recoverables(129)7 
Decrease (increase) in income taxes82 41 
Decrease (increase) in prepaid reinsurance premiums(14)28 
Increase (decrease) in reserve for losses and loss adjustment expenses720 681 
Increase (decrease) in unearned premiums242 226 
Increase (decrease) in amounts due to reinsurers95 17 
Increase (decrease) in losses in course of payment— 47 
Change in equity adjustments in limited partnerships(59)(5)
Distribution of limited partnership income31 48 
Change in other assets and liabilities, net(188)(121)
Non-cash compensation expense 16 12 
Amortization of bond premium (accrual of bond discount)(30)(1)
Net (gains) losses on investments7 (5)
Net cash provided by (used in) operating activities1,102 1,064 
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from fixed maturities matured/called/repaid - available for sale736 562 
Proceeds from fixed maturities sold - available for sale407 72 
Proceeds from fixed maturities matured/called/repaid - held to maturity45 28 
Proceeds from equity securities sold— 46 
Distributions from other invested assets100 137 
Cost of fixed maturities acquired - available for sale(1,971)(1,613)
Cost of fixed maturities acquired - held to maturity(27)(11)
Cost of equity securities acquired(33)(1)
Cost of other invested assets acquired(138)(242)
Net change in short-term investments(252)4 
Net change in unsettled securities transactions284 267 
Net cash provided by (used in) investing activities(849)(752)
CASH FLOWS FROM FINANCING ACTIVITIES:
Common shares issued (redeemed) during the period for share-based compensation, net of expense(21)(19)
Purchase of treasury shares(35)— 
Dividends paid to shareholders(76)(65)
Cost of shares withheld on settlements of share-based compensation awards(21)(19)
Net cash provided by (used in) financing activities(153)(103)
EFFECT OF EXCHANGE RATE CHANGES ON CASH7 3 
Net increase (decrease) in cash107 212 
Cash, beginning of period1,437 1,398 
Cash, end of period$1,544 $1,610 
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid (recovered)$16 $2 
Interest paid 16 10 
11
v3.24.1.u1
Cover
Apr. 29, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Apr. 29, 2024
Entity Registrant Name Everest Group, Ltd.
Entity Incorporation, State or Country Code D0
Entity File Number 1-15731
Entity Tax Identification Number 98-0365432
Entity Address, Address Line One Seon Place – 4th Floor
Entity Address, Address Line Two 141 Front Street
Entity Address, Address Line Three PO Box HM 845
Entity Address, City or Town Hamilton
Entity Address, Country BM
Entity Address, Postal Zip Code HM 19
City Area Code 441
Local Phone Number 295-0006
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Shares, $0.01 par value
Trading Symbol EG
Security Exchange Name NYSE
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001095073
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