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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 ...

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 ...

For the most recent quarter, Everest Group was expected to post earnings of $15.98 per share, but it reported $16.32 per share instead, representing a surprise of 2.13%. For the previous quarter, the consensus estimate was $14.63 per share, while it actually produced $25.18 per share, a surprise of 72.11%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stock ...

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]