Everest Group, Ltd. (EG) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, EG's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 2 ...

It has been about a month since the last earnings report for Everest Group (EG) . Shares have added about 3.7% 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 the most recent earnings report in order to get a better handle on the important drivers. Everest Group Q4 Earnings Beat on Improved Pr ...

Everest Group, Ltd. (EG) is well-poised to gain 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 ProjectionsThe Zacks Consensus Estimate for Everest Group’s 2025 earnings per share is pegged at $68.07, indicating a year-over-year increase of 9.7%. The consensus estimate for revenues is $19.26 billion, implying an increase of 9.4%.The expected long-term earnings ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K X Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 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) (I.R ...

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, ...