Everest Re (EG) Stock

Everest Group's stock has not done well, dropping 4% in the last year, and investors were caught off guard by poor underwriting results and a big loss in the fourth quarter. The company has increased its reserves by $1.7 billion, pointing to social inflation and more funding for lawsuits as reasons for the rise in claims. New CEO Jim Williamson is changing the company's approach by being more cautious with reserves and stopping detailed forecasts, which may help the company exceed expectations in the future.

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a top global provider of property, casualty, and specialty reinsurance and insurance solutions, has shared its preliminary financial results ahead of the complete earnings report set for February 3, 2025. The company anticipates a full-year 2024 net income between $1.3 billion and $1.4 billion, with non-GAAP net operating income expected to be between $1.2 billion and $1.3 billion.

Everest Group (EG) lacks the right mix of two important factors that could lead to better earnings in its next report. Be ready for the main expectations.

NOIDA, India--(BUSINESS WIRE)-- #AI--R Systems has been recognized as a Major Contender in the 2024 PEAK Matrix® Assessment for Digital Services in Healthcare Providers by Everest Group.

Everest Group is well-positioned to benefit from high renewal retention, ongoing positive rate increases, and careful use of capital.

Zyter|TruCare has been recognized for its dedication to customizing patient interactions, improving healthcare services, and fostering better communication. This acknowledgment showcases their efforts in making healthcare more personal and efficient. Their focus on proactive communication is also a key aspect of their commitment.

NOIDA, India--(BUSINESS WIRE)-- #AI--R Systems has announced that it has been recognized as a Major Contender in the 2024 PEAK Matrix® Assessment for ISV and Internet-specific SPES by Everest Group.

DUBLIN--(BUSINESS WIRE)-- #diversity--FINEOS Corporation (ASX:FCL) has been recognized as a top player in the global life, accident, and health insurance technology market for 2024, according to Everest Group's Leading 50TM Life & Annuity (L&A) Insurance Technology Providers report. Everest Group started with more than 200 technology providers in the L&A insurance, retirement, and pensions sector and refined the list based on their evaluations.

Everest Group benefits from a solid retention of renewals, ongoing positive rate increases, and careful use of capital, although they are facing higher costs and losses from catastrophes.