Everen to return $350 million to energy industry shareholder members

By Chris Munro

March 27 - (The Insurer) - Energy industry mutual Everen has announced plans to return $350 million to its shareholder members in the form of a dividend.

The dividend will be paid on or before September 30, 2025, to Everen shareholders of record as of March 20, 2025.

News of the dividend follows what Everen Group president and CEO Robert Foskey described as an “exceptional year in 2024."

“Everen continues to go from strength to strength,” said Foskey.

“We closed out the year with some of our best-ever results, driven by strong investment performance and modest incurred losses.”

The $350 million dividend is the same amount that Everen paid out to its members last year.

As Foskey noted, this year marks the 12th in a row that Everen has declared “a substantial” dividend.

“Cumulatively, over the past 12 years, we have returned over $3.8 billion in dividends to our shareholders,” Foskey noted.

Last year ended with Everen having the highest number of members on its book since 2005. In 2024, five new members joined Everen, taking total membership to 72.

Everen, alongside Everen Specialty, form Everen Group, a collective of Bermuda-based energy insurance companies.

According to Everen, it is the largest energy insurance mutual company in the world. It acts as a pure mutual owned by its member shareholders, and offers up to $450 million in per occurrence limits.