Core Viewpoint - Everest Group, Ltd. is expected to report its fourth-quarter 2024 earnings on February 3, with a mixed performance in previous quarters, beating estimates in three out of the last four quarters while missing in one [1] Premium Growth - The growth in net written premiums is anticipated to be driven by strong performance in the Reinsurance and Insurance segments, with an expected increase of 18.2% to $4.5 billion in the fourth quarter [2] - The Insurance segment is projected to benefit from increases in property, short tail business, specialty casualty business, and new business, with premiums earned expected to rise 4.3% to $1 billion [2] Reinsurance Segment - The Reinsurance segment is expected to show solid international growth, with premiums earned anticipated to improve by 14.5% to $3 billion in the fourth quarter [3] Investment Income - Net investment income is likely to increase by 2.1% year-over-year to $419.5 million, although the Zacks Consensus Estimate is higher at $495 million, indicating a 20.4% increase from the previous year [4] Revenue Expectations - Total revenues for the quarter are expected to reach $4.44 billion, reflecting a 21.3% increase from the year-ago figure, driven by higher net written premiums and net investment income [5] Underwriting Results - Despite potential volatility from catastrophe losses, underwriting results are expected to benefit from rate increases and exposure growth, with a projected combined ratio of 89.8, significantly better than the Zacks Consensus Estimate of 105 [6] - Underwriting income from the Insurance segment is estimated at $161.9 million, while the Reinsurance segment is expected to contribute $245.4 million [7] Claims and Expenses - Total claims and expenses are projected to increase by 7.9% to $3.6 billion, primarily due to higher incurred losses and various underwriting expenses [7] Loss Ratio and Share Buybacks - The attritional loss ratio is expected to improve due to contributions from both segments and disciplined underwriting practices, with share buybacks anticipated to positively impact the bottom line [8] Earnings Predictions - The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at a loss of $5.77, indicating a significant decrease of 122.9% from the year-ago quarter [8] Earnings ESP and Zacks Rank - Everest Group has an Earnings ESP of -43.22%, indicating a lower likelihood of an earnings beat, with the Most Accurate Estimate at a loss of $8.26 compared to the Zacks Consensus Estimate [10] - The company currently holds a Zacks Rank of 4 (Sell) [11]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Everest Group despite higher revenues, with actual results being crucial for stock price movement [1][2]. Company Summary - Everest Group is expected to report a quarterly loss of $5.77 per share, reflecting a year-over-year change of -122.9% [3]. - Revenues are projected to be $4.44 billion, which is an increase of 21.3% from the previous year [3]. - The consensus EPS estimate has been revised down by 7.56% over the last 30 days, indicating a bearish sentiment among analysts [4]. - The Most Accurate Estimate for Everest Group is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -43.22% [10][11]. Earnings Surprise History - In the last reported quarter, Everest Group had an expected EPS of $11.91 but delivered $14.62, achieving a surprise of +22.75% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Industry Context - In the Zacks Insurance - Multi line industry, The Hartford is expected to post earnings of $2.67 per share, indicating a year-over-year change of -12.8% [17]. - The Hartford's revenue is expected to be $4.77 billion, up 10.6% from the previous year [17]. - The consensus EPS estimate for The Hartford has been revised down by 0.5% over the last 30 days, resulting in an Earnings ESP of -3.21% [18].

Rockville, Maryland, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Zyter|TruCare, a leading, clinically driven healthcare services and technology provider, proudly announces its recognition as a Major Contender in Everest Group’s Patient and Member Engagement Platforms PEAK Matrix® Assessment 2024. This acknowledgment underscores the company's commitment to developing tailored healthcare solutions that enhance patient experiences and outcomes.  Everest Group's comprehensive evaluation of 20 leading providers in the pat ...

A month has gone by since the last earnings report for Everest Group (EG) . Shares have added about 9.4% 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 Q3 Earnings, Revenues Miss on Higher ...

WINDSOR, Conn., Nov. 26, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced SS&C Blue Prism has been named a process orchestration Leader in the Everest Group Process Orchestration Products PEAK Matrix® Assessment 2024."SS&C Blue Prism has reinforced its position as a Leader for the second consecutive year on Everest Group's Process Orchestration Products PEAK Matrix® Assessment 2024. The depth and breadth of its product capabilities, a unified platform approach, investment ...

Shares of Everest Group, Ltd. (EG) have gained 10.1% year to date, underperforming the industry’s growth of 24.1% and the Zacks S&P 500 composite’s return of 25.4%.EG Lags Industry & S&P YTDImage Source: Zacks Investment ResearchClosing at $389.00 in the last trading session, the stock stands below its 52-week high of $417.04. The expected long-term earnings growth rate is pegged at 2.3%, lower than the industry average of 12.5%.The insurer has been experiencing an increase in expenses due to higher incurre ...

WOBURN, Mass., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Analytix Solutions has secured a prominent position in the Everest Group's 2024 Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment, earning the designation 'Aspirant.' This recognition positions the company among the dynamic and rapidly evolving players in the global outsourcing market. About Everest Group Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments p ...

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 September 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) Bermuda 98-0365432 (State or other jurisdiction of incorporation or organizat ...

SAN JOSE, Calif. and LONDON and BENGALURU, India, Nov. 5, 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 2024 PEAK Matrix® Assessment for Digital Workplace Services, focused on mid-market enterprises by Everest Group.The PEAK Matrix® report is a data-driven comparative assessment of service providers based on two primary parameters: Vision & Capability (me ...

Everest Group, Ltd.’s (EG) third-quarter 2024 operating income of $14.62 per share missed the Zacks Consensus Estimate by 22.7%. The bottom line jumped 3.4% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Everest Group witnessed above-average cat loss as well as lower premiums in Insurance. Higher premiums in Reinsurance and improved net investment income limited the downside.Operational UpdateEverest Group’s total operating revenues of $4.3 billion climbed 6.5% year ...