• Everest Group average return on tangible equity for 2023 was 16.57, a 93.57% increase from 2022.
• Everest Group average return on tangible equity for 2022 was 8.56, a 25.76% increase from 2021.
• Everest Group average return on tangible equity for 2021 was 11.53, a 75.49% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.