Core Insights - Everest Group reported revenue of $4.23 billion for the quarter ended June 2024, marking a year-over-year increase of 15.9% [1] - The earnings per share (EPS) for the same period was $16.85, compared to $15.21 a year ago [1] - The reported revenue was a surprise of -3.58% compared to the Zacks Consensus Estimate of $4.38 billion, while the EPS surprise was -0.71% against the consensus estimate of $16.97 [1] Financial Metrics - Loss ratio (Consolidated) was 62.6%, higher than the estimated 61.7% by four analysts [3] - Combined ratio (Consolidated) stood at 90.3%, compared to the average estimate of 88.9% based on four analysts [4] - Total Reinsurance - Other underwriting expense ratio was 2.6%, slightly better than the three-analyst average estimate of 2.7% [4] - Total Reinsurance - Combined ratio was 88.9%, better than the average estimate of 89.4% based on three analysts [5] - Insurance - Total loss ratio was 65.3%, exceeding the estimated 61.5% by three analysts [6] - Insurance - Combined ratio was 94.4%, significantly higher than the average estimate of 88% based on three analysts [7] - Insurance - Other underwriting expense ratio was 16.9%, compared to the estimated 15.4% by three analysts [8] Premiums and Income - Net premiums earned were $3.69 billion, below the estimated $3.90 billion, but represented a year-over-year increase of 13.6% [9] - Net investment income was $528 million, exceeding the estimate of $453.63 million, with a year-over-year increase of 47.9% [9] - Total Reinsurance - Premiums earned were $2.73 billion, lower than the estimated $2.87 billion, but showed a year-over-year increase of 14.7% [10] - Insurance - Premiums earned were $962 million, below the three-analyst average estimate of $1.05 billion, reflecting a year-over-year change of 10.7% [11] - Other income (expense) was $23 million, slightly above the estimated $21.42 million, but showed a significant year-over-year decrease of 39.5% [12] Stock Performance - Shares of Everest Group have returned +5.4% over the past month, contrasting with the Zacks S&P 500 composite's -0.4% change [12] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [12]

NEWS RELEASE EVEREST GROUP, LTD. th Seon place, 141 Front Street, 4 Floor, Hamilton HM 19, Bermuda Contacts Media: Dawn Lauer Investors: Matt Rohrmann Chief Communications Officer Head of Investor Relations 908.300.7670 908.604.7343 Everest Reports Second Quarter 2024 Results Net Income of $724 million and Operating Income of $730 million Operating Income ROE of 19.7% and TSR of 20.0% $358 million of Underwriting Income and Combined Ratio of 90.3% 1 HAMILTON, Bermuda – (BUSINESS WIRE) – July 31, 2024 – Ever ...

Core Viewpoint - Everest Group has demonstrated a strong track record of beating earnings estimates, with a notable surprise in the most recent quarter and a significant average surprise over the last two quarters [1][4]. Earnings Performance - For the latest quarter, Everest Group reported earnings of $16.32 per share, exceeding the expected $15.98 per share by 2.13% [1]. - In the previous quarter, the company reported earnings of $25.18 per share against an expectation of $14.63 per share, resulting in a surprise of 72.11% [1]. - The average surprise for the last two quarters was 37.12% [4]. Earnings ESP and Analyst Sentiment - Everest Group currently has an Earnings ESP of +0.58%, indicating a positive outlook from analysts regarding its near-term earnings potential [6]. - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [5][6]. Future Outlook - The next earnings report for Everest Group is anticipated to be released on July 31, 2024 [6]. - The company's history of earnings surprises has led to an upward trend in estimates, reflecting growing analyst confidence [5]. Industry Context - Everest Group operates within the Zacks Insurance - Multi line industry, which may provide a favorable environment for maintaining its earnings-beat streak [8].

Core Insights - Everest Group, Ltd. (EG) demonstrates strong product diversification, increased income from its fixed income portfolio, and solid capital position, making it a valuable addition to investment portfolios [1][10] - The company is projected to see earnings per share and revenues increase by 11.3% and 11.5%, respectively, in 2025 compared to 2024 [2] - The Zacks Consensus Estimate for EG's 2024 revenues is $17.74 billion, reflecting a year-over-year growth of 21.4% [5] Financial Performance - EG has consistently surpassed earnings estimates in the last four quarters, with an average beat of 37.54% [6] - The annualized after-tax operating income return on equity was 20% in Q1, up 280 basis points year-over-year, while the trailing 12-month return on equity stands at 24.9%, an increase of 1,190 basis points year-over-year [7] - The company has a consistent dividend growth rate, with an eight-year CAGR of 34.9% from 2016 to 2023, targeting a total shareholder return on equity of over 17% from 2024 to 2026 [18] Growth Drivers - Global presence, product diversification, and a high retention rate are key factors driving EG's growth, particularly in the Insurance segment, which is expected to benefit from increases in property and specialty casualty business [9] - The Reinsurance segment is also poised for growth due to ongoing disruptions and evolution in the market [9] - Net investment income is expected to improve from higher income in the fixed income portfolio and an enhanced interest rate environment [17] Stock Performance - Everest Group currently holds a Zacks Rank 3 (Hold) and has gained 6.4% year-to-date, outperforming the industry growth of 4% [4] - The company has a VGM Score of A, indicating attractive value, growth, and momentum [8] - The Growth Score of B reflects the company's promising growth prospects [11]

A month has gone by since the last earnings report for Everest Group (EG) . Shares have added about 6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Everest Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Everest Group Q1 Earnings Surpass, Revenues Rise Y/Y ...

Everest Group, Ltd. (EG) has been gaining momentum on the back of product diversification, higher income from the fixed income portfolio, favorable estimates, strong renewal retention, prudent capital deployment and a solid capital position. Growth Projections The Zacks Consensus Estimate for Everest Group's 2024 revenues is pegged at $17.57 billion, implying a yearover-year improvement of 20.2%. The consensus estimate for 2025 earnings per share and revenues indicates an increase of 11.3% and 11%, respecti ...

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 March 31, 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) Bermuda 98-0365432 (State or other jurisdiction of incorporation or organization) ...

Everest Group, Ltd. (NYSE:EG) Q1 2024 Results Conference Call April 30, 2024 8:00 AM ET Company Participants Matt Rohrmann - Head, IR Juan Andrade - President, CEO Mark Kociancic - EVP, CFO Jim Williamson - EVP, COO Conference Call Participants David Motemaden - Evercore ISI Brian Meredith - UBS Michael Zaremski - BMO Josh Shanker - Bank of America Elyse Greenspan - Wells Fargo Gregory Peters - Raymond James Jian Huang - Morgan Stanley Operator Good morning, everyone, and welcome to the Everest Group Limite ...

Everest Group, Ltd.’s (EG) first-quarter 2024 operating income of $16.32 per share beat the Zacks Consensus Estimate by 2.1%. The bottom line jumped 44.3% year over year.Everest Group witnessed higher premiums across its reinsurance and insurance businesses, improved net investment income and record underwriting income. Higher expenses partially offset the upside.Operational UpdateEverest Group’s total operating revenues of $4.14 billion climbed 26% year over year on higher premiums earned and net investmen ...

Everest Group (EG) reported $4.13 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 26%. EPS of $16.32 for the same period compares to $11.31 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.2 billion, representing a surprise of -1.57%. The company delivered an EPS surprise of +2.13%, with the consensus EPS estimate being $15.98.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...