JHVEPhotoInvestment Thesis Everest Group (NYSE:EG) is a reinsurance and primary insurance provider. EG is embarking on global expansion in the primary insurance market, attempting to capture the nearly $1 trillion in total addressable market. Additionally, the strong reinsurance market will continue to provide significant tailwinds until at least fiscal year 2025. Across the whole business, EG grew its gross written premiums by 20.9% year over year, with a company-wide combined ratio of 90.9%. Continued ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions has announced the promotion of two key leaders in the Reinsurance Division, both effective immediately. Jill Beggs has been promoted to Reinsurance EVP and Chief Operating Officer of the Division. In this role, Ms. Beggs will manage the profitable growth of the division’s worldwide portfolio, including Global Treaty, F ...

Everest Group, Ltd. (NYSE:EG) Q4 2023 Results Conference Call February 8, 2024 8:00 AM ET Company Participants Matt Rohrmann - SVP, Head of IR Juan Andrade - President, CEO Mark Kociancic - EVP and CFO Jim Williamson - EVP, Group COO and Head of Everest Reinsurance Division Mike Karmilowicz - EVP and President and CEO of the Insurance Division Conference Call Participants Yaron Kinar - Jefferies Josh Shanker - Bank of America Elyse Greenspan - Wells Fargo David Motemaden - Evercore ISI Gregory Peters - Raym ...

Everest Group, Ltd.’s (EG) fourth-quarter 2023 operating income of $25.18 per share beat the Zacks Consensus Estimate by 72.1%. The bottom line doubled year over year.Everest Group witnessed higher premiums across its reinsurance and insurance businesses and improved net investment income. Higher expenses and lower underwriting income partially offset the upside.Operational UpdateEverest Group’s total operating revenues of nearly $3.65 billion increased 12.3% year over year on higher premiums earned and net ...

For the quarter ended December 2023, Everest Group (EG) reported revenue of $3.66 billion, up 14.6% over the same period last year. EPS came in at $25.18, compared to $12.21 in the year-ago quarter.The reported revenue represents a surprise of -8.66% over the Zacks Consensus Estimate of $4.01 billion. With the consensus EPS estimate being $14.63, the EPS surprise was +72.11%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Everest Group (EG) came out with quarterly earnings of $25.18 per share, beating the Zacks Consensus Estimate of $14.63 per share. This compares to earnings of $12.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 72.11%. A quarter ago, it was expected that this reinsurance company would post earnings of $10.18 per share when it actually produced earnings of $14.14, delivering a surprise of 38.90%.Over the last four quarters, ...

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Everest Group, Ltd. (EG) is slated to report fourth-quarter 2023 earnings on Feb 7, after market close. The insurer delivered an earnings surprise in three of the last four quarters and missed in one, the average being 24.5%.Factors to ConsiderPremium growth is likely to have been driven by the solid performance of its Reinsurance segment, rate increases, exposure growth and strong underwriting. We expect net written premium to increase 8.3% to $3.4 billion in the fourth quarter.The Insurance segment is lik ...

Analysts on Wall Street project that Everest Group (EG) will announce quarterly earnings of $14.63 per share in its forthcoming report, representing an increase of 19.8% year over year. Revenues are projected to reach $4.01 billion, increasing 25.5% from the same quarter last year.The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projecti ...

Everest Group (EG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 7, 2024, might help the stock move higher if these key numbers are better tha ...