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Everest Group: Navigating The Insurance Landscape With Strategic Expansion And Strong Reinsurance Tailwinds
EGEverest (EG) Seeking Alpha·2024-02-27 06:37
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 ...