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How Does Everest Re Group Compare to Its Peers?

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Nov. 20 2020, Updated 11:54 a.m. ET

Everest Re Group and its peers

In this article, we’ll compare Everest Re Group (RE) with its peers.

  • The PE (price-to-earnings) ratios of Everest Re Group, PartnerRe (PRE), RenaissanceRe Holdings (RNR), Axis Capital Holdings (AXS), and White Mountains Insurance Group (WTM) are 7.13x, 12.15x, 9.67x, 8.45x, and 22.60x, respectively.
  • The PBV (price-to-book value) ratios of Everest Re, PartnerRe, RenaissanceRe, Axis Capital, and White Mountains Insurance are 1.03x, 0.94x, 1.13x, 1.03x, and 1.16x, respectively.

Thus, Everest’s peers have outperformed it based on PE and PBV.

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ETFs that invest in Everest Re Group 

The PowerShares KBW Property & Casualty Insurance ETF (KBWP) invests 3.6% of its holdings in Everest. The ETF tracks a market-cap–weighted index focused exclusively on property and casualty insurance companies.

The PowerShares KBW Insurance ETF (KBWI) invests 3.2% of its holdings in Everest. The ETF tracks a modified market-cap–weighted index of large-cap insurance companies.

The SPDR S&P Insurance ETF (KIE) invests 2.1% of its holdings in Everest. The ETF tracks an equal-weighted index of insurance companies as defined by the GICS (Global Industry Classification Standard).

Everest Re Group and its ETFs compared

Now let’s compare Everest with the ETFs that invest in it:

  • The year-to-date price movements of Everest Re, KBWP, KBWI, and KIE are 7.9%, 15.0%, 2.5%, and 8.3%, respectively.
  • The PE (price-to-earnings) ratios of Everest Re, KBWP, KBWI, and KIE are 7.13x, 11.01x, 11.93x, and 12.54x, respectively.
  • The PBV (price-to-book value) ratios of Everest Re, KBWP, KBWI, and KIE are 1.03x, 1.26x, 1.19x, and 1.00x, respectively.

Thus, the ETFs have outperformed Everest based on price movement, PE, and PBV.

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