2024 Corporate Responsibility Report

Table of Contents

1. Letter from the CEO
2. 2024 Highlights
3. Awards and Recognitions
4. Company Portrait

1. Economic Performance
2. Our Sustainability Strategy

1. Approach to Sustainability

1. Cautionary Statement Regarding Forward-Looking Statements
2. Key Climate-related Partnerships and Memberships

1. Climate Change Risks and Opportunities
2. Climate Risk Management

1. Underwriting and Catastrophe Modeling
2. Other Underwriting Activities

1. Responsible Investing

1. Operational Impact

1. Workforce and Community
2. Colleague Behaviors
3. Inclusion, Belonging, and Collaboration

1. Talent Attraction and Development

1. Benefits and Wellness

TABLE OF CONTENTS

36 Community Engagement

1. Transparency and Accountability
2. Sustainability Governance

1. Business Ethics, Compliance, and Integrity

1. Cybersecurity and Data Privacy

50 Appendices

1. Appendix A: Greenhouse Gas Emissions

1. Appendix B: PSI Index

1. Appendix C: PRI Index
2. Appendix D: GRI Content Index

1. Appendix E: TCFD Index

Letter from the CEO

At Everest, we operate with the protection of our clients, employees, and communities we serve at the forefront of our decisions. The nature of our business is to help our customers manage uncertainty, including environmental catastrophes and social instability. We recognize the unique position of our industry in managing the volatility associated with these global risks and take seriously our responsibilities in supporting a sustainable future. In this regard, we have been committed to incorporating environmental, social, and governance principles into our business with a consistent focus on evolving our practices to meet the expectations of our stakeholders.

For Everest, 2024 was another successful year where we delivered on these priorities. We made strides toward becoming a more responsible business, steward of our environment, and advocate for positive change.

We took meaningful steps to address climate-related risks. For example, Everest broadened its clean energy offerings, expanded its partnerships with institutions supporting climate-related projects in developing countries, and appointed experts like our dedicated renewable energy leader to advance green-energy efforts. Within our investment portfolio, we continued to identify opportunities in renewable energy and are proud that 91% of our total assets were managed by United Nations Principles for Responsible Investment signatories.

On the social side, we made progress in advancing our values of inclusion and collaboration through a growing network of active Colleague

and Business Resource Groups and Company-wide global initiatives. We further expanded our external partnerships to amplify our efforts within the industry. Through our colleague-driven organization, Everest Charitable Outreach, and Everest Cares, we achieved record-high participation in charitable events and provided crucial relief to those impacted by global natural disasters and humanitarian crises.

While we celebrate our progress, we must also reflect on the global challenges that occurred in 2024. The year saw unprecedented global crises that impacted communities worldwide. It is crucial now more ever that we prepare for emerging challenges and plan for a better

We are guided by a clear vision for sustainable growth and are excited share Everest's 2024 Corporate Responsibility Report. We are proud we have accomplished and are excited for the next steps in our journey towards a more sustainable future.

Thank you,

Jim Williamson

President and Chief Executive Officer

2024 Highlights

Robust short-, medium-, and long-term strategies

to identify and address climate risks across our business and investments.

Continued refinement

and expansion of our monitoring

and control of our GHG emissions.

Over 60 charitable events

held across 30 office locations

Over 1,100 hours volunteered

2024 HIGHLIGHTS

Over $1 Million donated to charitable organizations

through corporate donations, employee contributions, and our Matching Gifts Program

33% of the Board were Women

Everest employees completed 50,500 hours of training,

development, and inclusion courses, averaging 15.6 hours per employee

Everest's Colleague Resource Groups hosted

over 100 events for colleagues to engage, network, and appreciate

the myriad cultures at Everest

Awards and Recognitions

APAC General Reinsurer of the Year

Asia Insurance Review

General Reinsurer of the Year

Asia Insurance Industry Awards

Most Real-Life Experience,

Elite 50 Internships

Rising Star Insurance Executives Organization

Healthy Workforce Designation

Cigna

AWARDS AND RECOGNITIONS

Risk Management Team of the Year

Business Insurance

Diversity & Inclusion Award

Insurance Insider US

Company Portrait

Everest Group, Ltd., (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers' most pressing challenges. Known for a track record of disciplined underwriting, capital, and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for customers, shareholders, colleagues, and communities worldwide.

Everest's Businesses

At Everest (NYSE: EG), we underwrite opportunity for stakeholders with protection and peace of mind at the forefront of our decisions. We are acutely aware that our industry plays a critical role in economic and social recovery from natural catastrophes and extreme weather events. As a global (re)insurance organization, we protect our customers through insurance and reinsurance products that help manage climate risks. We aim to help our clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders, and the communities we serve.

Everest conducts its business through two business units: Insurance and Reinsurance, each of which offers a wide range of property, casualty, and specialty products.1 Across both divisions, we support our clients with tailored solutions, expanding into new lines and geographies to bridge gaps and help navigate turbulence.

1A full list of Everest's products and services is located athttps://www.everestglobal.com/us-en/our-offer/products-and-services/insurance.

COMPANY PORTRAIT

2024 Reinsurance Gross Written Premium Business Mix

2024 Insurance Gross Written Premium

Business Mix

Our Global Network

Everest continues to scale its operations globally and has focused on intentional entry in regions that deliver a consistent benefit to underwriting margin and enable it to deliver leading multinational capabilities.

U.S. Headquarters

Warren, NJ

Corporate

Headquarters

Bermuda

COMPANY PORTRAIT

Office Locations

Everest's Priority Goals

Everest's leadership team introduced priority goals for 2024 to reflect the business imperatives vital to executing its strategic objectives. These goals keep us accountable for the immediate and long-term commitments we make for business and stakeholders.

People and Culture

Attract, retain, and develop top talent.

Our colleagues are our most vital asset and drive our strategy.

Customer Focus

Enhance the experience and grow with our customers.

Expanding distribution with capabilities aligned to customers' needs strengthens relationships and yields repeat business.

One Everest

Execute as "One Everest."

The entire Company benefits from existing relationships, shared underwriting expertise, and risk management systems.

COMPANY PORTRAIT

Operational Excellence

Underwriting, claims, and technology powering it all.

We are creating ecosystems with the tools, processes, and talent to scale the organization effectively.

Corporate Responsibility

Deepen our impact on the world.

Addressing environmental, social, and economic challenges connects us to what matters to stakeholders.

Everest's diversified Reinsurance and Insurance franchises have a history of profitability, supported by top-tier underwriting talent, deep global capabilities, strong relationships, and a robust balance sheet. Our Reinsurance business is a lead market for many clients globally, increasingly viewed as the partner of choice. We are executing our disciplined long-term specialty Insurance strategy by methodically expanding in attractive markets worldwide. We believe we are well positioned to generate leading financial returns across all market cycles.

Everest's approach to economic performance is evaluated annually by internal and external auditors. It is also detailed in our periodic filings with the U.S. Securities and Exchange Commission ("SEC") including 10-K and 10-Q filings, and our Annual Report and Proxy Statement. Our Board of Directors (the "Board") at least annually reviews and approves our long-term financial strategy to ensure we are delivering shareholder value over time. We monitor and evaluate our overall performance based upon financial results, as discussed in depth in our Annual Report and 10-K filing.

Our diversified global platform, with its broad mix of products, distribution, and geography, is resilient.

Gross Written Premium of

$18.2

Billion2

9.6%

Net Income Return

on Equity

$13.9

Billion

in Shareholders' Equity

Operating Cash Flow of

$5.0

Billion3

Net Investment Income of

$2.0

Billion,

Total Investments and Cash of

$41.5

Billion

Includes GWP of $212m from Other Segments

1. Includes GWP of $212m from Other Segments
2. For information on non-GAAP measures and reconciliations to GAAP, where available, please see our Current Report filed on Form 8-K with the SEC on February 3, 2025

an increase of over $500 million