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Everest Re Ltd.

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Shares of Everest Re have outperformed the Zacks categorized Property and Casualty (P&C) industry, over the last three months. Everest Re is well positioned in the insurance and reinsurance industries. The insurer has substantially benefited from its global presence, product diversification, capital adequacy, financial flexibility and traditional risk management capabilities. Banking on favorable operational performance the company enjoys disciplined capital management strategy and strong capital balance position, enabling it to engage in shareholders friendly moves. Divestment of Heartland, the crop MGA will help the company to brace its growth profile.  However, a competitive reinsurance market, exposure to catastrophe events infusing underwriting volatility and a low interest rate environment remain headwinds.

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