Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information.
The common shares of Group trade on the NYSE under the symbol, “EG”.
Number of Holders of Common Shares.
The number of record holders of common shares as of February 1, 2025 was 1,012. That number does not include the beneficial owners of shares held in “street” name or held through participants in depositories, such as The Depository Trust Company.
34
Table of Contents
Dividend History and Restrictions.
The Company’s Board has an established policy of declaring regular quarterly cash dividends and has paid a regular quarterly dividend in each quarter since the fourth quarter of 1995. The Company declared and paid its quarterly cash dividend of $1.65 per share for the first quarter and second quarter of 2023, declared and paid its quarterly cash dividend of $1.75 per share for the third quarter of 2023 through the first quarter of 2024, and declared and paid its quarterly cash dividend of $2.00 per share for the remaining three quarters of 2024.
The declaration and payment of future dividends, if any, by the Company will be at the discretion of the Board and will depend upon many factors, including the Company’s earnings, financial condition, business needs and growth objectives, capital and surplus requirements of its operating subsidiaries, regulatory restrictions, rating agency considerations and other factors. As an insurance holding company, the Company is partially dependent on dividends and other permitted payments from its subsidiaries to pay cash dividends to its shareholders. The payment of dividends to Group by Holdings and to Holdings by Everest Re is subject to Delaware regulatory restrictions and the payment of dividends to Group by Bermuda Re is subject to Bermuda insurance regulatory restrictions. See “Regulatory Matters - Dividends” and ITEM 8, “Financial Statements and Supplementary Data”- Note 17 of Notes to Consolidated Financial Statements.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Issuer Purchases of Equity Securities
(a) (b) (c) (d)
Period Total Number of
Shares (or Units)
Purchased Average Price Paid
per Share (or Unit) Total Number of
Shares (or Units)
Purchased as Part
of Publicly
Announced Plans or
Programs Maximum Number of Shares (or
Units) that May Yet
Be Purchased Under
the Plans or
Programs (1)
January 1 - 31, 2024 154 $ 374.3245 — 1,228,908
February 1 - 29, 2024 45,250 $ 369.7883 — 1,228,908
March 1 - 31, 2024 101,438 $ 387.5345 90,291 1,138,617
April 1 - 30, 2024 40 $ 356.4350 — 1,138,617
May 1 - 31, 2024 174,202 $ 374.1937 173,718 964,899
June 1 - 30, 2024 42 $ 380.4150 — 964,899
July 1 - 31, 2024 — $ — — 964,899
August 1 - 31, 2024 208,144 $ 360.5101 208,039 756,860
September 1 - 30, 2024 69,623 $ 388.1102 64,421 692,439
October 1 - 31, 2024 — $ — — 692,439
November 1 - 30, 2024 3,449 $ 370.0066 — 692,439
December 1 - 31, 2024 — $ — — 692,439
Total 602,342 $ — 536,469 692,439
(1) On November 7, 2024, the Company’s Board approved an amendment to the share repurchase program authorizing the Company and/or its subsidiary Holdings, to purchase up to an additional 10.0 million shares to a current aggregate of 42.0 million of the Company’s shares (recognizing that the number of shares authorized for repurchase has been reduced by those shares that have already been purchased) in open market transactions, privately negotiated transactions or both. As of December 31, 2024, the Company and/or its subsidiary Holdings have repurchased 31.3 million of the Company’s shares.
Recent Sales of Unregistered Securities.
None.
35
Table of Contents
Performance Graph.
The following performance graph compares cumulative total shareholder returns on the common shares (assuming reinvestment of dividends) from December 31, 2019 through December 31, 2024, with the cumulative total return of the S&P 500 Index and the S&P Insurance (Property and Casualty) Index.
12/19 12/20 12/21 12/22 12/23 12/24
Everest Group, Ltd. 100.00 86.94 104.19 128.89 140.12 146.54
S&P 500 100.00 118.40 152.39 124.79 157.59 197.02
S&P Property & Casualty Insurance 100.00 106.96 127.58 151.65 168.05 227.67
* $100 invested on December 31, 2019 in stock or index, including reinvestment of dividends.
Fiscal year ending December 31.
Copyright© 2025 Standard & Poor's, a division of S&P Global. All rights reserved.
ITEM 6. [RESERVED]
36
Table of Contents