Everest Group

Everest Group is a global provider of reinsurance and insurance, writing property, casualty and specialty coverage for clients and other insurers around the world. It is one of the larger players in a cyclical industry where results swing with catastrophe losses and the pricing cycle, but where firm rates in recent years have supported strong underwriting profits. The company has paid dividends for more than three decades and complements them with share buybacks. The yield is on the low side, reflecting a policy of retaining capital to fund underwriting and absorb large losses. The overall profile is solid and dependable, with income growth that tends to track the reinsurance cycle rather than a fixed schedule.