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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100
Investment3 Based on:
Year
Summary
Compensation
Table
Total for
PEO ($)1
Compensation
Actually Paid
to PEO ($)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)2
Average
Compensation
Actually Paid
to Non-PEO
NEOs ($)
Total
Shareholder
Return ($)4
Peer Group
Total
Shareholder
Return
($)5
Net Income ($
Millions)
Adjusted
Operating
ROE
(%)6
2023
$9,909,531
$11,044,080
$3,126,187
$3,394,495
$140.12
$168.05
$2,517
18.2%
2022
$9,106,199
$12,022,512
$3,275,300
$4,098,150
$128.89
$151.65
$597
11.9%
2021
$8,866,126
$10,939,500
$3,185,203
$3,763,485
$104.19
$127.58
$1,379
14.3%
2020
$8,063,212
$5,604,559
$3,209,042
$2,323,534
$86.94
$106.96
$514
8.0%
     
Company Selected Measure Name Adjusted Operating ROE      
Named Executive Officers, Footnote Juan C. Andrade served as the Principal Executive Officer (“PEO”) of Everest for all applicable years in this table.The non-PEO NEOs include: (a) for 2020, John Doucette, Craig Howie, Mark Kociancic, Sanjoy Mukherjee and Jonathon Zaffino; (b) for 2021, John
Doucette, Mike Karmilowicz, Mark Kociancic, Sanjoy Mukherjee and Jim Williamson; (c) for 2022, Mike Karmilowicz, Mark Kociancic, Sanjoy Mukherjee and
Jim Williamson; and (d) for 2023, Mike Karmilowicz, Mark Kociancic, Sanjoy Mukherjee, Gail Van Beveren and Jim Williamson.
     
Peer Group Issuers, Footnote The S&P Insurance (Property and Casualty) is used as Everest’s peer group for purposes of this pay versus performance table.      
PEO Total Compensation Amount $ 9,909,531 $ 9,106,199 $ 8,866,126 $ 8,063,212
PEO Actually Paid Compensation Amount $ 11,044,080 12,022,512 10,939,500 5,604,559
Adjustment To PEO Compensation, Footnote The following table details the adjustment to the SCT Total Pay for our PEO to determine the CAP as computed in
accordance with Item 402(v) of SEC Regulation S-K (17 C.F.R. § 229.402(v), or “Item 402(v)”). Amounts do not reflect
actual compensation earned by or paid to our NEOs during the applicable year. The PEO did not participate in any
defined benefit pension plan.
PEO SCT TOTAL PAY TO CAP RECONCILIATION
Fiscal year
2020
2021
2022
2023
SCT Total
$8,063,212
$8,866,126
$9,106,199
$9,909,531
Grant Date Fair Value of Stock Awards Granted in Fiscal
Year
$(3,752,544)
$(4,001,805)
$(4,251,644)
$(4,753,046)
+ Fair Value at Fiscal Year-End of Outstanding Unvested
Stock Awards Granted in Fiscal Year
$3,169,579
$4,525,158
$4,670,907
$4,394,999
± Change in Fair Value of Outstanding Unvested Stock
Awards Granted in Prior Fiscal Years1
$(1,312,596)
$1,402,574
$2,354,332
$809,630
± Change in Fair Value as of Vesting Date of Stock Awards
Granted in Prior Fiscal Years for Which Applicable Vesting
Conditions Were Satisfied During Fiscal Year2
$(563,092)
$147,447
$142,718
$682,966
Compensation Actually Paid
$5,604,559
$10,939,500
$12,022,512
$11,044,080
     
Non-PEO NEO Average Total Compensation Amount $ 3,126,187 3,275,300 3,185,203 3,209,042
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,394,495 4,098,150 3,763,485 2,323,534
Adjustment to Non-PEO NEO Compensation Footnote The following table details the adjustment to the SCT Total Pay as the average for our other NEOs to determine
“compensation actually paid” as computed in accordance with Item 402(v) for the other NEOs. Amounts do not reflect
actual compensation earned by or paid to our NEOs during the applicable year.
NEO AVERAGE SCT TOTAL PAY TO CAP RECONCILIATION
Fiscal year
2020
2021
2022
2023
Average SCT Total
$3,209,042
$3,185,203
$3,275,300
$3,126,187
Grant Date Fair Value of Stock Awards Granted in Fiscal
Year
$(1,799,573)
$(1,164,932)
$(1,276,247)
$(1,203,366)
+ Fair Value at Fiscal Year-End of Outstanding Unvested
Stock Awards Granted in Fiscal Year
$1,455,572
$1,317,281
$1,402,100
$1,112,716
± Change in Fair Value of Outstanding Unvested Stock
Awards Granted in Prior Fiscal Years3
$(236,502)
$362,214
$563,880
$205,511
± Change in Fair Value as of Vesting Date of Stock
Awards Granted in Prior Fiscal Years for Which
Applicable Vesting Conditions Were Satisfied During
Fiscal Year4
$(95,518)
$49,873
$114,067
$168,181
Change in Actuarial Present Value of Accumulated
Benefit Under Defined Benefit Pension Plan
$(235,821)
$(16,202)
5
N/A6
$(29,575)
+ Service cost and prior service cost
$26,334
$30,048
$19,050
$14,841
Average Compensation Actually Paid
$2,323,534
$3,763,485
$4,098,150
$3,394,495
(1) Difference between Fair Value from End of Prior Year to End of Current Year
(2) Difference between Fair Value from End of Prior Year to Vesting Date
(3) Difference between Fair Value from End of Prior Year to End of Current Year
(4) Difference between Fair Value from End of Prior Year to Vesting Date
(5) In 2021, the change in actuarial present value was $(11,030) for Mr. Doucette and $81,008 for Mr. Mukherjee. Under Item 402(v), the change in actuarial
present value is deducted only if the value is positive. Thus, only Mr. Mukherjee’s value was incorporated into the calculation.
(6) The change in actuarial present value for Mr. Mukherjee was $(600,167) in 2022. Under Item 402(v), the change in actuarial present value is deducted
only if the value is positive. Thus, this value was not incorporated into the calculation.
     
Compensation Actually Paid vs. Total Shareholder Return
5738
     
Compensation Actually Paid vs. Net Income
5740
     
Compensation Actually Paid vs. Company Selected Measure
5742
     
Total Shareholder Return Vs Peer Group
5736
     
Total Shareholder Return Amount $ 140.12 128.89 104.19 86.94
Peer Group Total Shareholder Return Amount 168.05 151.65 127.58 106.96
Net Income (Loss) $ 2,517,000,000 $ 597,000,000 $ 1,379,000,000 $ 514,000,000
Company Selected Measure Amount 0.182 0.119 0.143 0.080
PEO Name Juan C. Andrade      
Additional 402(v) Disclosure Assumes $100 invested on 12/31/2019 in Everest common stock, including reinvestment of dividends. For purposes of this Pay Versus Performance table, “Total Shareholder Return” is defined as the change in the total dollar value of a given security or entire
portfolio of securities, over a given period, assuming $100 dollars of initial investment.  Total returns reflect changes in stock price as well as all
distributions or dividends paid to shareholders.   The procedure for calculating an index begins with calculating total returns for each individual company
in the index.  The total return of each company in the index is calculated by multiplying the closing price of a share by the ending volume of shares held,
based on a $100 initial investment.  Any dividends paid are assumed to be reinvested by dividing the dividend hypothetically received on the share
volume held on the ex-dividend date by the stock price on ex-dividend date, then adding the additional new shares to the volume of shares held
immediately prior to payment of the dividend. Each company’s total return is then weighted for each period based on its market capitalization at the
beginning of the period, relative to the market capitalization of the entire group.  The market capitalization is determined by multiplying the price per
share by the shares outstanding for each period.  The sum of the weighted returns results in a weighted average total return for each period.  Total
Shareholder Return in all other sections of this proxy refers to Everest’s Investor Day definition, defined as annual growth in Book Value Per Share
(excluding Unrealized Gains and Losses on Fixed Maturity investments) plus Dividends Per Share.
For further
information regarding these financial performance measures and their function in our executive compensation program,
please see the Compensation Discussion and Analysis section above.
     
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted Operating ROE      
Non-GAAP Measure Description Adjusted Operating ROE for 2023 adjusts actual operating ROE by treating catastrophe losses as the sum of (1) 40% of anticipated catastrophe losses in
the annual operating plan for the current fiscal year and (2) 60% of actual catastrophe losses for the current fiscal year. For 2021 and 2022, the ratio for
determining Adjusted Operating ROE was 50% anticipated catastrophe losses in the operating plan and 50% actual catastrophe losses for the respective
fiscal years.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Combined Ratio      
Measure:: 3        
Pay vs Performance Disclosure        
Name Total Shareholder Return      
Measure:: 4        
Pay vs Performance Disclosure        
Name Gross Written Premium Annual Growth Rate      
PEO | Year-End Grant Date Fair Value of Equity Awards Granted in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (4,753,046) $ (4,251,644) $ (4,001,805) $ (3,752,544)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,394,999 4,670,907 4,525,158 3,169,579
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 809,630 2,354,332 1,402,574 (1,312,596)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 682,966 142,718 147,447 (563,092)
Non-PEO NEO | Year-End Grant Date Fair Value of Equity Awards Granted in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,203,366) (1,276,247) (1,164,932) (1,799,573)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,112,716 1,402,100 1,317,281 1,455,572
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 205,511 563,880 362,214 (236,502)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 168,181 114,067 49,873 (95,518)
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (29,575)   (16,202) (235,821)
Non-PEO NEO | Pension Adjustments Service Cost And Prior Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 14,841 19,050 30,048 $ 26,334
Non-PEO NEO | Mr. Doucette [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount     (11,030)  
Non-PEO NEO | Mr. Mukherjee [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   $ (600,167) $ 81,008