EVEREST GROUP, LTD（EG）の決算・業績分析
EVEREST GROUP, LTDの2025年有価証券報告書をAI分析。売上高$17.5B(+1.2%)。Financials。
目次
EVEREST GROUP, LTDの2025年度 業績サマリー
EVEREST GROUP, LTD（証券コード: EG）の2025年度決算・業績分析。売上高は$17.5B（前年比+1.2%）。純利益は$1.6B（前年比+15.9%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
EVEREST GROUP, LTDの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Net income fell 56.7% YoY to $597M (XBRL), despite revenue growth of +1.6% to $12.1B (XBRL).
- Debt-to-equity ratio rose to 4.29x (XBRL), with total equity declining to $8.4B (XBRL) in FY2024.
- Revenue grew 14.7% CAGR over 5 years (XBRL), but operating cash flow dropped 1.6% YoY to $3.7B (XBRL).
- Shareholder returns totaled $316M (XBRL), including $255M in dividends and $61M in buybacks.
EVEREST GROUP, LTDの売上高変化の要因
- •Revenue increased 1.6% YoY to $12.1B (XBRL), with a 5-year CAGR of 14.7% (XBRL). The Reinsurance segment dominates (71.0% of gross written premiums) (10-K), though net income fell sharply (-56.7% YoY) due to factors like catastrophe losses ($755M in 2024) (10-K) and reserve adjustments ($1.7B pre-tax increase in loss reserves) (10-K). International expansion and strong balance sheet are key growth drivers (10-K).
EVEREST GROUP, LTDの営業利益変化の要因
- •Operating income rose to $588M (XBRL), but net income fell 56.7% YoY to $597M (XBRL). Margins remain stable: operating margin 4.9% (XBRL), net margin 5.0% (XBRL). The sharp decline in net income reflects increased catastrophe losses and reserve adjustments (10-K), despite revenue growth. ROE (7.1%) and ROA (1.2%) are below industry benchmarks (XBRL).
EVEREST GROUP, LTDの事業リスクと対応
Catastrophic events (e.g., climate change, terrorism) could cause material losses, with $755M in catastrophe losses in 2024 (10-K).
Unfavorable loss development may require reserve increases, reducing earnings and capital (10-K).
A&E liabilities are hard to estimate, with 0.9% of gross reserves tied to them (10-K).
Climate change may increase catastrophe frequency/severity, affecting risk modeling (10-K).
Social inflation factors (e.g., litigation funding) exacerbate unpredictability in casualty insurance (10-K).
EVEREST GROUP, LTDの今後の見通し・業績予想
EVEREST GROUP, LTDの事業内容
Everest Group, Ltd. operates as a reinsurance and insurance provider in the U.S., Bermuda, and international markets (10-K). Its business model relies on premium income from clients, with gross written premiums reaching $18.2B in 2024 (10-K). The company's operations are segmented into Reinsurance (71.0% of gross written premiums) and Insurance (27.9%), with subsidiaries like Bermuda Re and Everest Reinsurance Company serving global clients (10-K). Competitive advantages include a strong balance sheet, global operations across 100+ countries, and A+ ratings from A.M. Best (10-K). No significant customer concentration is reported (10-K).
EVEREST GROUP, LTDのAI業績分析レポート（2024年度）
Everest Group, Ltd. (EG) FY2024 Annual Report Analysis
Highlights
Business Overview
Everest Group, Ltd. operates as a reinsurance and insurance provider in the U.S., Bermuda, and international markets (10-K). Its business model relies on premium income from clients, with gross written premiums reaching $18.2B in 2024 (10-K). The company's operations are segmented into Reinsurance (71.0% of gross written premiums) and Insurance (27.9%), with subsidiaries like Bermuda Re and Everest Reinsurance Company serving global clients (10-K). Competitive advantages include a strong balance sheet, global operations across 100+ countries, and A+ ratings from A.M. Best (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
Revenue increased 1.6% YoY to $12.1B (XBRL), with a 5-year CAGR of 14.7% (XBRL). The Reinsurance segment dominates (71.0% of gross written premiums) (10-K), though net income fell sharply (-56.7% YoY) due to factors like catastrophe losses ($755M in 2024) (10-K) and reserve adjustments ($1.7B pre-tax increase in loss reserves) (10-K). International expansion and strong balance sheet are key growth drivers (10-K).
Profitability Analysis
Operating income rose to $588M (XBRL), but net income fell 56.7% YoY to $597M (XBRL). Margins remain stable: operating margin 4.9% (XBRL), net margin 5.0% (XBRL). The sharp decline in net income reflects increased catastrophe losses and reserve adjustments (10-K), despite revenue growth. ROE (7.1%) and ROA (1.2%) are below industry benchmarks (XBRL).
Balance Sheet Analysis
Total assets grew to $49.4B (XBRL), but equity fell to $8.4B (XBRL), resulting in a 17.1% equity ratio (XBRL) and 4.29x debt-to-equity ratio (XBRL). Cash reserves stand at $308M (XBRL). The high leverage ratio and declining equity raise concerns about financial stability (10-K).
Cash Flow Analysis
Operating cash flow decreased 1.6% YoY to $3.7B (XBRL), while free cash flow (FCF) dropped to $277M (XBRL). Investing cash flow was -$3.4B (XBRL), likely reflecting capital expenditures or acquisitions. Financing cash flow was -$359M (XBRL), with $255M in dividends and $61M in share repurchases (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
The 10-K does not provide explicit management guidance, but the company's 5-year revenue CAGR of 14.7% (XBRL) and global operations suggest continued growth potential. However, risks like climate change and social inflation (10-K) may pressure future profitability.
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 7.4B | 8.2B | 9.6B | 11.9B | 12.1B | 14.6B |
| Operating Income | N/A | N/A | N/A | N/A | 588M | N/A |
| Net Income | 89M | 1.0B | 514M | 1.4B | 597M | 2.5B |
| Total Assets | 27.3B | 32.7B | 38.2B | 40.0B | 49.4B | 56.3B |
| Total Equity | 7.9B | 9.1B | 9.7B | 10.1B | 8.4B | 13.2B |
| Operating Cash Flow | 610M | 1.9B | 2.9B | 3.8B | 3.7B | 4.6B |
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