10 Best Insurance Stocks for the Long Term

7. Everest Group, Ltd. (NYSE:EG)

Number of Hedge Fund Holders: 35

10-Year Revenue Growth Rate: 11.00%

Everest Group, Ltd. (NYSE:EG), also known as Everest Re, is one of the biggest reinsurance and insurance companies providing coverage across property, casualty, and specialty insurance lines. In 2023, the company logged $17 billion in total gross written premiums and had $49 billion in total assets. Everest Group, Ltd. (NYSE:EG) offers its services in more than 115 countries across six continents.

In the third quarter of 2024, EG returned 19.4% to shareholders and had net income worth $509 million. The company’s strong financial position can be attributed to its expansion across the globe. In the last quarter of 2024, Everest Group, Ltd. (NYSE:EG) launched its insurance business in Italy in order to expand its operations in Europe. In addition to that, on January 8, the company announced its transition to a new leadership, which is expected to benefit the company in the long run.

On January 10, Michael Zaremski, an analyst at BMO Capital, upgraded his rating on EG from market perform to outperform. The analyst emphasized that the stock will have to take $812 million from its Q4 reserve and expects the new leadership to take some bold decisions, fueling the stock’s position in 2025.