Everest Group (Everest Group) Financial Strength : 6 (As of Dec. 2023)

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What is Everest Group Financial Strength?

Everest Group has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Everest Group's Interest Coverage for the quarter that ended in Dec. 2023 was 8.74. Everest Group's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.23. Altman Z-Score does not apply to banks and insurance companies.

Everest Group Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Everest Group's Interest Expense for the months ended in Dec. 2023 was $-35 Mil. Its Operating Income for the months ended in Dec. 2023 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,059 Mil.

Everest Group's Interest Coverage for the quarter that ended in Dec. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Everest Group's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(2349	+	1059)	/	14528
	=	0.23

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Everest Group (NYSE:EG) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Everest Group has the Financial Strength Rank of 6.

Everest Group Financial Strength Related Terms

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Everest Group (Everest Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Everest Group Ltd (NYSE:EG) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

ERE:Germany E1VE34:Brazil

Address

141 Front Street, Seon Place - 4th Floor, P.O. Box HM 845, Hamilton, BMU, HM 19

Website

https://www.everestglobal.com

Everest Group Ltd is engaged in providing insurance services in the U.S., Bermuda, and international markets. It operates in Reinsurance and Insurance business. The Reinsurance operation writes property and casualty reinsurance and specialty lines of business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies. The Insurance operation writes property and casualty insurance directly and through brokers, surplus lines brokers, and general agents within the U.S., Bermuda, Canada, Europe, and South America.

Executives

Juan C Andrade	officer: President and CEO	THE HARTFORD, ONE HARTFORD PLAZA, HARTFORD CT 06155
Meryl D Hartzband	director	C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Hazel Mcneilage	director	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
John A Weber	director	COPLEY SQUARE CAPITAL MANAGEMENT, 108 MYRTLE STREET, NORTH QUINCY MA 02171
Sanjoy Mukherjee	officer: General Counsel	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Galtney William F Jr	director	THE GALTNEY GROUP, INC., 820 GESSNER, SUITE 1000, HOUSTON TX 77024-4259
Roger M. Singer	director	P.O. BOX 2756, DURANGO CO 81302
John P Doucette	officer: Executive VP and CUO	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Mike Karmilowicz	officer: EVP, Pres/CEO Insurance Div	100 EVEREST WAY, WARREN NJ 07059
James Allan Williamson	officer: EVP, Chief Operating Officer	100 EVEREST WAY, WARREN NJ 07059
Mark Kociancic	officer: EVP & CFO	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Geraldine Losquadro	director	200 EAST 74TH STREET APT 10, NEW YORK CITY NY 10021
Joseph V Taranto	director, officer: Chairman and CEO	EVEREST REINSURANCE CO, 100 EVEREST WAY, WARREN NJ 07059
John A Graf	director	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Jonathan Zaffino	officer: SVP & President Everest Nat'l	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938