Everest Group, Ltd. Files Definitive Proxy Statement (DEF 14A)

Ticker: EG · Form: DEF 14A · Filed: Apr 12, 2024 · CIK: 1095073

Everest Group, Ltd. DEF 14A Filing Summary
FieldDetail
CompanyEverest Group, Ltd. (EG)
Form TypeDEF 14A
Filed DateApr 12, 2024
Risk Levellow
Pages14
Reading Time16 min
Key Dollar Amounts$94 million, $2.5 billion, $16.6 billion, $2.8 billion, $288 million
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Everest Group, Shareholder Meeting, Executive Compensation

TL;DR

<b>Everest Group, Ltd. has filed its Definitive Proxy Statement (DEF 14A) on April 12, 2024.</b>

AI Summary

EVEREST GROUP, LTD. (EG) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Filing type: DEF 14A (Definitive Proxy Statement). Filing date: 2024-04-12. Reporting period: 2024-04-12. Company SIC code: 6331 (Fire, Marine & Casualty Insurance). Previous company names: EVEREST RE GROUP LTD, EVEREST REINSURANCE GROUP LTD.

Why It Matters

For investors and stakeholders tracking EVEREST GROUP, LTD., this filing contains several important signals. This filing is a standard regulatory requirement for publicly traded companies to provide shareholders with information regarding annual meetings, director nominations, and executive compensation. The DEF 14A filing indicates that Everest Group is preparing for its annual shareholder meeting, where key corporate decisions and leadership appointments will be addressed.

Risk Assessment

Risk Level: low — EVEREST GROUP, LTD. shows low risk based on this filing. The filing is a routine DEF 14A, which is a standard disclosure document and does not contain new material financial or operational information that would inherently increase risk.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and governance.

Key Numbers

  • 2024-04-12 — Filing Date (DEF 14A filing date)
  • 2024-04-12 — Reporting Period (Conformed period of report)
  • 001-15731 — SEC File Number (SEC file number for the company)
  • 24841939 — Film Number (SEC film number)

Key Players & Entities

  • EVEREST GROUP, LTD. (company) — Filer
  • 0001095073 (company) — Central Index Key
  • 6331 (company) — Standard Industrial Classification
  • EVEREST RE GROUP LTD (company) — Former Company Name
  • EVEREST REINSURANCE GROUP LTD (company) — Former Company Name
  • REINSURANCE HOLDINGS INC (company) — Mail Address

FAQ

When did EVEREST GROUP, LTD. file this DEF 14A?

EVEREST GROUP, LTD. filed this Proxy Statement (DEF 14A) with the SEC on April 12, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by EVEREST GROUP, LTD. (EG).

Where can I read the original DEF 14A filing from EVEREST GROUP, LTD.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by EVEREST GROUP, LTD..

What are the key takeaways from EVEREST GROUP, LTD.'s DEF 14A?

EVEREST GROUP, LTD. filed this DEF 14A on April 12, 2024. Key takeaways: Filing type: DEF 14A (Definitive Proxy Statement). Filing date: 2024-04-12. Reporting period: 2024-04-12.

Is EVEREST GROUP, LTD. a risky investment based on this filing?

Based on this DEF 14A, EVEREST GROUP, LTD. presents a relatively low-risk profile. The filing is a routine DEF 14A, which is a standard disclosure document and does not contain new material financial or operational information that would inherently increase risk.

What should investors do after reading EVEREST GROUP, LTD.'s DEF 14A?

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and governance. The overall sentiment from this filing is neutral.

How does EVEREST GROUP, LTD. compare to its industry peers?

Everest Group, Ltd. operates in the Fire, Marine & Casualty Insurance industry, a sector focused on underwriting risks related to property, casualty, and specialized insurance lines.

Are there regulatory concerns for EVEREST GROUP, LTD.?

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934, mandating public companies to disclose information to shareholders before their annual meetings.

Industry Context

Everest Group, Ltd. operates in the Fire, Marine & Casualty Insurance industry, a sector focused on underwriting risks related to property, casualty, and specialized insurance lines.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934, mandating public companies to disclose information to shareholders before their annual meetings.

What Investors Should Do

  1. Review the executive compensation details to assess alignment with company performance.
  2. Examine director nominations and qualifications for governance insights.
  3. Analyze any shareholder proposals for potential impact on company strategy.

Key Dates

  • 2024-04-12: Filing of DEF 14A — Indicates preparation for annual shareholder meeting and disclosure of corporate governance information.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure document and does not represent a change in financial reporting compared to previous filings of the same type.

Filing Stats: 4,083 words · 16 min read · ~14 pages · Grade level 13.7 · Accepted 2024-04-12 16:32:41

Key Financial Figures

  • $94 million — ecember 31, 2023 included approximately $94 million of profit commission related to loss re
  • $2.5 billion — r consecutive year, the Company earned $2.5 billion of net income in the fiscal year ended
  • $16.6 billion — ross written premiums grew by 19.2% to $16.6 billion , and the Company generated $ 2.8 b ill
  • $2.8 billion — $2.5 billion Net Operating Income (1) $2.8 billion Total Shareholder Return (2) 26.5%
  • $288 million — rating Income ROE 23.1% We returned $288 million to shareholders in 2023 in the form of

Filing Documents

From the Filing

eg-20240411 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Everest Group, Ltd. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Everest Group, Ltd. Proxy Statement 2024 NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD MAY 15, 2024 TO THE SHAREHOLDERS OF EVEREST GROUP, LTD .: The Annual General Meeting of Shareholders of Everest Group, Ltd., a Bermuda company (the "Company"), will be held at Fairmont Hamilton Princess, 76 Pitts Bay Road, Hamilton, Bermuda on May 15, 2024 at 10:00 a.m., local time, for the following purposes: 1. To elect John J. Amore, Juan C. Andrade, William F. Galtney, Jr., John A. Graf, Meryl Hartzband, Gerri Losquadro, Hazel McNeilage, Roger M. Singer and Joseph V. Taranto as directors of the Company, each to serve for a one-year period to expire at the 2025 Annual General Meeting of Shareholders or until such director's successor shall have been duly elected or appointed or until such director's office is otherwise vacated. 2. To appoint KPMG, an independent registered public accounting firm, as the Company's independent auditor for the fiscal year ending December 31, 2024 and authorize the Company's Board of Directors, acting through its Audit Committee, to determine the independent auditor's remuneration. 3. To approve, by non-binding advisory vote, 2023 compensation paid to the Company's Named Executive Officers (as defined herein). 4. To consider and act upon such other business, if any, as may properly come before the meeting and any and all adjournments thereof. The Company's financial statements for the year ended December 31, 2023, together with the report of the Company's auditor in respect of those financial statements, as approved by the Company's Board of Directors, will be presented at this Annual General Meeting. Only shareholders of record identified in the Company's Register of Members at the close of business on March 18, 2024 are entitled to notice of, and vote at, the Annual General Meeting. This Proxy Statement, the attached Notice of Annual General Meeting, the Annual Report of the Company for the fiscal year ended December 31, 2023 (including financial statements) and the enclosed Proxy Card are first being mailed to the Company's shareholders on or about April 12, 2024. You are cordially invited to attend the meeting in person. Whether or not you expect to attend the meeting in person, you are urged to vote by internet or telephone as directed on the enclosed proxy or by signing and dating the proxy and returning it promptly in the postage prepaid envelope provided. By Order of the Board of Directors Juan C. Andrade President & CEO April 12, 2024 Hamilton, Bermuda Table of Contents GENERAL I NFORMATION ......................................................................................................................... 1 PROXY STATEMENT SUMMARY ............................................................................................................................... 2 PROPOSAL NO. 1—ELECTION OF DIRECTORS ..................................................................................................... 8 THE BOARD OF DIRECTORS AND ITS COMMITTEES .......................................................................................... 18 BOARD STRUCTURE AND RISK OVERSIGHT ......................................................................................................... 22 BOARD COMMITTEES ................................................................................................................................................ 26 COMMON SHARE OWNERSHIP BY DIRECTORS AND EXECUTIVE OFFICERS .............................................. 31 PRINCIPAL BENEFICIAL OWNERS OF COMMON SHARES ................................................................................ 32 DIRECTORS' COMPENSATION ................................................................................................................................. 33 EXECUTIVE OFFICERS ................................................................................................................................................ 35 COMPENSATION DISCUSSION AND ANALYSIS ..

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