Everest Group
 | |
| Formerly | Everest Re Group |
|---|---|
| Company type | Public company |
| ISIN | BMG3223R1088 |
| Industry | Insurance |
| Founded | 1973 |
| Headquarters | Hamilton, Bermuda |
Key people |
|
| Products | Reinsurance, insurance |
| Revenue |  US$12.06 billion (2022) |
 US$597 million (2022) | |
| Total assets | US$39.97 billion (2022) |
| Total equity | US$8.44 billion (2022) |
Number of employees | 2,428 (February 2023) |
| Website | everestglobal |
| Footnotes / references [1] | |
Everest Group, Ltd. is a Bermuda-based provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda and other territories.
History[edit]
In 1973, Everest Re Group was founded as Prudential Reinsurance, a subsidiary of Prudential Financial.[2] In the 1990s, Prudential Financial considered selling or spinning off Prudential Reinsurance.[3] On October 6, 1995, Prudential Reinsurance completed an IPO.[4] The chairman and CEO at that time was Joseph V. Taranto. Prudential Reinsurance was renamed Everest Re in 1996, after Mount Everest.[5] In 2017, Everest Re became a S&P 500 component.[6]
Business[edit]
Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.
Expanded history[edit]
- Early years as Prudential
- Founded in 1973
- Financial Services
- Reinsurance Arm
- 1996 renaming to Everest Reinsurance
Business segments[edit]
- Reinsurance
- Insurance
References[edit]
- ^ "2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2023-02-24.
- ^ "History of The Prudential Insurance Company of America – FundingUniverse". www.fundinguniverse.com. Retrieved 2017-12-09.
- ^ Kerr, Peter (1993-03-12). "COMPANY NEWS; Prudential May Sell Its Reinsurance Unit". The New York Times. ISSN 0362-4331. Retrieved 2017-12-09.
- ^ "Everest Re Group company profile - Office locations, jobs, key people, competitors, financial metrics, news, company life - Company Profile on craft.co". craft.co. Retrieved 2017-12-09.
- ^ "Everest Reinsurance Company: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-12-09.
- ^ Indices, S&P Dow Jones. "Everest Re Group Set to Join S&P 500; Pinnacle Financial Partners to Join S&P MidCap 400 and Armada Hoffler Properties to Join S&P SmallCap 600". www.prnewswire.com. Retrieved 2017-12-09.
{{cite web}}: CS1 maint: multiple names: authors list (link)
External links[edit]
- Business data for Everest Group, Ltd.:
