SAN JOSE, Calif. and LONDON and BENGALURU, India, Oct. 22, 2024 /PRNewswire/ -- Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a 'Born Digital . Born Agile', Mindful IT Company, today announced that it has been positioned as a 'Major Contender' in the latest market evaluation report, Cybersecurity Services PEAK Matrix® Assessment 2024 - North America by Everest Group.Ram Mohan C, CEO of Infrastructure Management & Security Services (IMSS), Happiest Minds, said, "Our approach to cybersecurity is stra ...

Core Insights - Ensemble has been recognized as a Leader in Everest Group's RCM Operations PEAK Matrix® Assessment 2024, highlighting its market impact and the value delivered to a growing client base [1][2]. Company Performance - Ensemble manages $35 billion in annual net patient revenue and partners with more unique health systems than any other firm, focusing on improving revenue cycle performance through end-to-end managed services [3]. - The company meets 100% of year-one client goals, exceeds 102% of year-one cash collections, and delivers an average net revenue improvement of 5% each year across clients [3]. Industry Challenges - The healthcare revenue cycle is becoming increasingly complex due to changing regulations, reimbursement requirements, and shifts in payer policy, leading to heightened demand for certified coders and strategic partners [2][3]. Recognition and Awards - Ensemble has received multiple accolades, including Best in KLAS for full revenue cycle outsourcing (2020-2022, 2024) and Black Book Research's Top Revenue Cycle Management Outsourcing Solution (2021-2024) [4]. - The company has also been recognized with 22 HFMA MAP Awards for High Performance in Revenue Cycle (2019-2024) and various workplace awards [4]. Service Capabilities - Ensemble offers a comprehensive suite of end-to-end RCM services, supported by a 100% certified coding team skilled in specialties such as cardiology, radiology, and pediatrics [3]. - The company utilizes over 11,000 certified revenue cycle operators, data-rich intelligence, and AI-infused decision-making to enhance revenue cycle operations [5].

Report Highlights Experis' Wide-Ranging Services and Strategic Partnerships MILWAUKEE, Sept. 25, 2024 /PRNewswire/ -- For the third year in a row, Experis®, a global leader in IT workforce solutions and part of the ManpowerGroup (NYSE: MAN) family of brands, has been named a Leader in Everest Group's U.S. IT Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2024. The report recognizes Experis for its ability to source talent for both traditional and next-generation technologies across key in ...

MALVERN, Pa., Sept. 24, 2024 (GLOBE NEWSWIRE) -- YPrime, the leading pioneer in clinical trial technology, today announced its recognition as a Trailblazer in the Everest Group's Clinical Trial Patient Engagement Products Assessment. This prestigious acknowledgment underscores YPrime's commitment to improving patient participation and engagement in clinical trials through innovative, experience-centric, and quality-driven technology. "We are thrilled to be named a Trailblazer by the Everest Group," said Jim ...

Core Insights - eClerx Services Ltd has been recognized as a Major Contender in the Customer Experience Management (CXM) Services PEAK Matrix® Assessment 2024 by Everest Group, highlighting its position among top service providers in the industry [1][2] Company Performance and Innovations - eClerx's recognition reflects its strong performance, expertise, and innovative solutions in customer experience management [2] - The PEAK Matrix® assessment evaluates service providers based on revenue, client base, year-over-year growth, scale of operations, technological innovation, service scope, and buyer satisfaction, including customer reference interviews for a balanced evaluation [2] - The company has introduced generative AI-enhanced solutions to improve customer experience, including: - Quality Monitoring Solution, which analyzes customer interactions to enhance experience and optimize contact center performance [3] - Avoidable Truck Roll Solution, which reduces unnecessary technician visits by resolving issues remotely [3] - CareOps Solution, a generative AI-powered bot that efficiently retrieves information from various data sources [3] Upcoming Events - eClerx will host a webinar on October 10 titled "Enhancing the Customer Experience: Analytics and Quality Monitoring Innovations Shaping the Future of Contact Centers" aimed at CX executives [4] Company Overview - eClerx provides business process management, automation, and analytics services to Fortune 2000 enterprises across various sectors, employing over 16,800 people globally [5]

Core Viewpoint - Everest Group, Ltd. (EG) has shown a year-to-date stock gain of 9.9%, which is below the industry's growth of 16.8% and the S&P 500 composite's return of 17.8% [1] Financial Performance - The stock closed at $388.30, below its 52-week high of $417.92, with a long-term earnings growth rate of 2.3%, lower than the industry average of 12.4% [1] - Total claims and expenses increased by 15.8% to $6.7 billion in the first half of 2024 [2] - Catastrophe losses for the current year reached $236 million for the six months ended June 30, 2024, compared to $142 million in the previous year [3] - The combined ratio deteriorated by 20 basis points in the first half of 2024, primarily due to increased commission and brokerage expenses and higher catastrophe losses [4] Analyst Sentiment - Five out of six analysts covering EG have raised their estimates for 2024, while one has lowered them; the consensus estimate for 2024 has increased by 0.6% [5] - For 2025, two analysts raised estimates while three lowered them, with the consensus estimate for 2025 decreasing by 0.7% [5] - The Zacks Consensus Estimate indicates an improvement of 11% for 2024 and 11.2% for 2025 earnings [5] Return on Capital - EG's trailing 12-month return on equity is 24%, surpassing the industry average of 16% [6] - The return on invested capital in the trailing 12 months was 16.6%, significantly better than the industry average of 2.5% [6] Stock Performance - The stock is trading above the 50-day and 200-day simple moving averages of $381.33 and $377.02, indicating solid upward momentum [7] Growth Drivers - Key growth drivers for EG include global presence, product diversification, rate increases, and a high retention rate [8] - The Insurance segment is expected to benefit from an increase in property and short-tail business, as well as a rise in specialty casualty business [8] - The Reinsurance segment is poised for growth due to opportunities arising from the ongoing disruption and evolution of the reinsurance market [8] Investment Income - Net investment income is expected to benefit from higher income from the fixed income portfolio, increased limited partnership income, and higher dividend income from the equity portfolio [9] Capital Position - Everest Group has a strong capital position, with sufficient cash generation capabilities and a target long-term debt leverage ratio of 15-20% over the next three years [10] - The board approved a 14.3% increase in its quarterly dividend, with $163 million paid in dividends to enhance long-term expected returns to shareholders [11] Valuation - The stock is currently undervalued, trading at a price-to-book multiple of 1.19, lower than the industry average of 2.63 [12] - EG has an impressive Value Score of A, indicating strong valuation metrics compared to peers [12] Conclusion - Higher income from the fixed income portfolio, product diversification, favorable estimates, strong renewal retention, and prudent capital deployment position Everest Group as a strong investment candidate [13]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q X Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-15731 EVEREST GROUP, LTD. (Exact name of registrant as specified in its charter) | --- | --- | --- | |-------|----------------------------------------------------- ...

Everest Group, Ltd. (NYSE:EG) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Matt Rohrmann - SVP and Head, IR Juan Andrade - President and CEO Mark Kociancic - EVP and CFO Jim Williamson - EVP and COO Conference Call Participants Yaron Kinar - Jefferies Gregory Peters - Raymond James Elyse Greenspan - Wells Fargo Brian Meredith - UBS Dean Criscitiello - KBW Charlie Lederer - Citigroup Operator Good day and welcome to Everest Group Limited's Second Quarter 2024 Earnings Confe ...

Everest Group, Ltd.'s (EG) second-quarter 2024 operating income of $16.85 per share missed the Zacks Consensus Estimate by 0.7%. The bottom line jumped 10.8% year over year. Everest Group witnessed higher premiums across its reinsurance and insurance businesses and improved net investment income. Higher catastrophe loss weighed on the upside. Operational Update Everest Group's total operating revenues of $4.2 billion climbed 15.9% year over year on higher premiums earned and net investment income. The top l ...

JHVEPhoto Shares of the Everest Group (NYSE:EG) are up moderately over the past year, though they have largely been rangebound between $360 and $400, even as the company has benefitted from a quiet catastrophe environment. I last covered Everest Group in May, rating shares a hold, as I needed to see more evidence of underwriting progress. Since that article, the stock is up 4%, lagging the market's 7% gain. In a benign hurricane season, I saw upside to $400, which we are now approaching as we enter the hear ...