Everest stock forecast 2027–2029
MyStockButler's October 2026 analysis: Everest’s weighted forecast reaches $437.25 in October 2027 and $570.61 in October 2029, with the bear case at 35%, the base case at 50% and the bull case at 15%. It hinges on whether the casualty reserve reset holds.
Where could Everest’s shares be by 2029?
The weighted forecast reaches $437.25 in October 2027, an 11% return including dividends. It reaches $570.61 in October 2029, a 48% return including dividends. The bear case has a 35% probability. The base case has a 50% probability. The bull case has a 15% probability.
| Case | Probability | October 2027 | October 2028 | October 2029 |
|---|---|---|---|---|
| Bear | 35 % | 247.65 (-36 %) | 174.25 (-53 %) | 179.15 (-50 %) |
| Base | 50 % | 503.12 (+27 %) | 571.89 (+47 %) | 668.61 (+73 %) |
| Bull | 15 % | 660.09 (+66 %) | 880.00 (+124 %) | 1157.34 (+195 %) |
| Weighted | 100 % | 437.25 (+11 %) | 478.93 (+23 %) | 570.61 (+48 %) |
What this means. The weighted row is the average value after giving more weight to the cases considered more likely.
What has to go right or wrong for Everest?
Everest’s trailing net income is about $1.9 billion, based on $1.6 billion of 2025 income and the latest nine-month results. Nine-month 2026 income was $1.4 billion, above the prior-year period, but Q3 income fell to $233 million from $255 million. The base path uses combined ratios around 96%, investment income rising from $2.3 billion to $2.4 billion and 15% tax. The bear path assumes ratios above 100%, weaker premiums and lower investment income because Treaty reserve deterioration persists. The bull path assumes ratios improve from 94% to 92%, premiums grow to $15.0 billion and the casualty reset holds. Global Wholesale & Specialty’s 97.3% Q3 combined ratio supports the recovery case, while roughly $600 million of gross Treaty reserve strengthening and $253 million of adverse development support the downside.
How much does Everest really earn and give back?
Investment income rose from $1.101 billion in 2023 to $1.584 billion in 2025, while underwriting gain fell from $1.384 billion to $937 million. Everest can therefore remain profitable while relying more heavily on the investment of premiums awaiting payment.
Operating cash flow fell from $4.96 billion in 2024 to $3.07 billion in 2025, partly because reinsurance recoverables absorbed $1.45 billion. Those recoverables are amounts expected from other insurers, not cash already collected.
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Net premiums earned | 13,423 | 12,992 | 11,349 |
| Underwriting gain (loss) | 937 | 1,113 | 1,384 |
| Net investment income | 1,584 | 1,439 | 1,101 |
What this means. The company's net investment income is only the retained segments' share, so it may not match the total investment income shown elsewhere in the report.
What does an investor pay for Everest today?
The stock’s forward P/E and price-to-book ratio are useful starting points. P/E compares the share price with expected earnings, but catastrophe losses and old-claim revisions can make one year unusually good or bad. Price-to-book compares the share price with accounting net assets, which matter because capital stands behind future claims.
| Today (Oct 29, 2026) | |
|---|---|
| Share price | 401.755 |
| Market value (calculated) | 15,025.64 |
| P/E, next 12 months (calculated) | 7.4x |
| Price to book (calculated) | 1.05x |
| Dividend yield (calculated) | 2.0% |
What this means. The next-year price-to-earnings ratio uses analysts’ expected profit for the next year, so it is an estimate rather than a measure of profits already earned.