Everest Group (EG) Q1 Earnings Surpass, Revenues Rise Y/Y

Everest Group, Ltd.’s (EG) first-quarter 2024 operating income of $16.32 per share beat the Zacks Consensus Estimate by 2.1%. The bottom line jumped 44.3% year over year.Everest Group witnessed higher premiums across its reinsurance and insurance businesses, improved net investment income and record underwriting income. Higher expenses partially offset the upside.Operational UpdateEverest Group’s total operating revenues of$ 4.14 billion climbed 26% year over year on higher premiums earned and net investmen ...