Everest Group (EG) Q4 Earnings Beat on Improved Premiums

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 ...