Everest Re Group, Ltd. RE is poised for expansion on new business growth, strong renewal retention, continued favorable rate increases, a solid capital position and favorable growth estimates. These make Everest Re stock worth adding to one’s portfolio.Everest Re has a decent track record of beating earnings estimates. It beat the Zacks Consensus Estimate in two of the last four reported quarters while missing in two, delivering an average four-quarter earnings surprise of 6.70%.Zacks Rank & Price PerformanceEverest Re currently carries a Zacks Rank #2 (Buy). Year to date, the stock has gained 3.3% against the industry’s decrease of 6.2%, the Finance sector’s decline of 10.3% and the Zacks S&P 500 composite’s decline of 12.4%.Image Source: Zacks Investment ResearchNorthbound Estimate RevisionThe Zacks Consensus Estimate for 2022 and 2023 has moved 1.2% and 6.7% north in the past 30 days, reflecting analyst optimism.Growth ProjectionsThe Zacks Consensus Estimate for Everest Re’s 2022 earnings is pegged at $33.25 per share, indicating a 14.8% increase from the year-ago reported figure on 10.6% higher revenues of $12.8 billion. The consensus estimate for 2023 earnings is pegged at $41.78 per share, indicating a 25.6% increase from the year-ago reported figure on 10.8% higher revenues of $14.2 billion.The expected long-term earnings growth is pegged at 10.9%.Return on EquityReturn on equity (ROE), a profitability measure to identify how efficiently the company is utilizing its shareholders fund, has been improving over the last several years. Its trailing 12-month ROE of 7.5% is better than the industry average of 5.6%.Style ScoreEverest Re has an impressive VGM Score of B. This style score rates stocks on their combined weighted styles, helping to identify those with the most attractive value, best growth, and momentum.Business TailwindsEverest Re has diversified income streams to ensure profitability. While the Insurance segment should benefit from new business growth, strong renewal retention and continued favorable rate increases, the Reinsurance segment is poised to grow on partnerships with core clients and its position as a preferred reinsurance partner.This seventh-largest global property and casualty reinsurer is focused on building a portfolio, with a mix of product lines with better rate adequacy and higher long-term margins. The insurer stays focused on building a portfolio mix that has product lines with better rate adequacy and higher long-term margins.Everest Re boasts a strong capital position, with sufficient cash generation capabilities and benefits from capital adequacy, financial flexibility, long-term operating performance and traditional risk management capabilities.Effective Capital DeploymentEverest Re’s dividend has increased at a nine-year CAGR (2014-2022) of 9.2%. RE targets a total shareholder return of more than 13% by 2023.Everest Re remains focused on deploying capital for organic growth as well as pursuing strategic acquisitions apart from buying back shares and paying out dividends.Upbeat GuidanceEverest Re estimates the gross written premium to witness a three-year CAGR of 10-15%. The Reinsurance segment is expected to witness 8-12% growth while the Insurance segment is likely to witness a three-year CAGR of 8-22%.RE aims a low-90 combined ratio in 2023.Return on invested assets is projected between 2.75% and 3.25%, while the long-term debt leverage ratio is projected between 15% and 20%.Attractive ValuationRE shares are trading at a discount than the industry average. Its price-to-book value of 1.24X is lower than the industry average of 1.36X. Before valuation expands, it is preferable to take a position in the stock. It has a Value Score of A. Back-tested results have shown that stocks with a Value Score of A or B combined with a Zacks Rank #1 (Strong Buy) or #2 offer better returns.Other Stocks to ConsiderSome other top-ranked stocks from the insurance industry are Berkshire Hathaway (BRK.B), American Financial Group AFG and W.R. Berkley Corporation WRB, each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Berkshire Hathaway’s 2022 and 2023 earnings implies 14.4% and 5.9% year-over-year growth, respectively. The average four-quarter surprise is 17.55%.The Zacks Consensus Estimate for BRK.B’s 2022 and 2023 earnings has moved 7.6% and 8.8% north, respectively, in the past 60 days. Year to date, shares of BRK.B have lost 6.9%.American Financial’s earnings surpassed estimates in the last four quarters, the average earnings surprise being 37.09%.The Zacks Consensus Estimate for AFG’s 2022 and 2023 earnings has moved 1% each north, respectively, in the past 30 days. Year to date, shares of AFG have lost 5.4%.The Zacks Consensus Estimate for W.R. Berkley’s 2022 and 2023 earnings implies 20.6% and 10.4% year-over-year growth, respectively. The average four-quarter surprise is 29.95%.The Zacks Consensus Estimate for WRB’s 2022 and 2023 earnings has moved 8.8% and 6.8% north in the past 60 days, respectively. Year to date, shares of WRB have rallied 21.5%. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report W.R. Berkley Corporation (WRB): Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report Everest Re Group, Ltd. (RE): Free Stock Analysis Report American Financial Group, Inc. (AFG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research