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Everest (EG) - 2024 Q3 - Earnings Call Transcript
2024-10-31 19:09
Everest Group, Ltd. (NYSE:EG) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Matthew Rohrmann - Senior Vice President & Head, Investor Relations Juan Andrade - President & Chief Executive Officer Mark Kociancic - Executive Vice President & Chief Financial Officer Jim Williamson - Executive Vice President & Chief Operating Officer Conference Call Participants Yaron Kinar - Jefferies Gregory Peters - Raymond James Josh Shanker - Bank of America Alex Scott - Barclays Meyer Sh ...
Everest Group: Reinsurance Is A Tough Business, But Few Do It Better
Seeking Alpha· 2024-10-31 16:50
Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.Our last coverage of Everest Group, Ltd. (NYSE: EG ) was about 2 years ago. Back then, the stock had just delivered a scintillating rally and investors could not have been more enamored with the stock. We looked atTrappin ...
Everest (EG) - 2024 Q3 - Earnings Call Presentation
2024-10-31 16:04
Investor Presentation Third Quarter 2024 Cautionary Note On Forward-Looking Statements and Non-GAAP Measures This presentation and the accompanying remarks contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These statements reflect management's current expectations based on assumptions we be ...
Everest Group (EG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-10-30 23:36
For the quarter ended September 2024, Everest Group (EG) reported revenue of $4.29 billion, up 6.5% over the same period last year. EPS came in at $14.62, compared to $14.14 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $4.48 billion, representing a surprise of -4.40%. The company delivered an EPS surprise of +22.75%, with the consensus EPS estimate being $11.91. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...
Everest Group (EG) Beats Q3 Earnings Estimates
ZACKS· 2024-10-30 22:45
Everest Group (EG) came out with quarterly earnings of $14.62 per share, beating the Zacks Consensus Estimate of $11.91 per share. This compares to earnings of $14.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.75%. A quarter ago, it was expected that this reinsurance company would post earnings of $16.97 per share when it actually produced earnings of $16.85, delivering a surprise of -0.71%.Over the last four quarters, ...
Everest (EG) - 2024 Q3 - Quarterly Results
2024-10-30 20:16
NEWS RELEASE EVEREST GROUP, LTD. Seon place, 141 Front Street, 4 Floor, Hamilton HM 19, Bermuda th Contacts Media: Dawn Lauer Investors: Matt Rohrmann Chief Communications Officer Head of Investor Relations 908.300.7670 908.604.7343 Everest Reports Third Quarter 2024 Results 1 Net Income of $509 million and Net Operating Income of $630 million Total Shareholder Return of 19.4% Annualized YTD 17.8% Net Income ROE and 18.7% Net Operating Income ROE HAMILTON, Bermuda – (BUSINESS WIRE) – October 30, 2024 – Ever ...
Is a Beat in Store for Everest Group This Earnings Season?
ZACKS· 2024-10-29 19:01
Everest Group, Ltd. (EG) is slated to report third-quarter 2024 earnings on Oct. 30, after market close. EG's earnings beat estimates in three of the trailing four quarters while missing in one.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Factors to ConsiderPremium growth is likely to have been driven by the solid performance of EG’s Reinsurance and Insurance segments. We expect net written premium to increase 21.3% to $4.7 billion in the third quarter.The Insurance segment is li ...
Unveiling Everest Group (EG) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-29 14:21
Wall Street analysts forecast that Everest Group (EG) will report quarterly earnings of $11.91 per share in its upcoming release, pointing to a year-over-year decline of 15.8%. It is anticipated that revenues will amount to $4.48 billion, exhibiting an increase of 11.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial pro ...
Everest Group Names SS&C Blue Prism a Leader for Seventh Consecutive Year in RPA Products PEAK Matrix® 2024
Prnewswire· 2024-10-22 11:00
WINDSOR, Conn., Oct. 22, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced SS&C Blue Prism has been named a Robotic Process Automation (RPA) Leader in the Everest Group Robotic Process Automation (RPA) Products PEAK Matrix® Assessment 2024. "SS&C BluePrism's strong vision and roadmap, market presence, depth and breadth of RPA capabilities, and its ability to offer a unified platform with AI, orchestration, APIs, and process intelligence have helped reinforce its position a ...
Happiest Minds positioned as a 'Major Contender' in Everest Group's Cybersecurity PEAK Matrix® Assessment - North America 2024
Prnewswire· 2024-10-22 09:20
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 ...