Profile
Sector:
Financial ServicesIndustry:
Insurance - ReinsuranceCountry:
BermudaIPO:
03 October 1995Website:
http://www.everestglobal.comNext earnings report:
31 July 2024Last dividends:
29 May 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 20:03:43 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
EG Latest News
Everest Group (EG) stands to gain from an improved interest rate environment, strong renewal retention, continued favorable rate increases and a solid capital position.
Everest Group (EG) reported earnings 30 days ago. What's next for the stock?
Everest Group (EG) is in a strong position for growth due to a better interest rate environment, high renewal retention, ongoing rate increases, and a solid capital position.
Everest Group's Q1 earnings show an increase in premiums for both its reinsurance and insurance divisions, as well as higher net investment income and record underwriting income, although this was partly offset by increased expenses.
Everest Group, Ltd. (NYSE: EG) held its Q1 2024 Results Conference Call on April 30, 2024 at 8:00 AM ET. Participants included Matt Rohrmann, Juan Andrade, Mark Kociancic, and Jim Williamson. Conference call participants included David Motemaden, Brian Meredith, Michael Zaremski, Josh Shanker, Elyse Greenspan, Gregory Peters, and Jian Huang. The operator welcomed everyone to the Everest Group Limited First Quarter of 2024 Earnings Conference Call.
While the revenue and EPS numbers for Everest Group (EG) provide insight into its performance in the quarter ending March 2024, it may be valuable to examine how certain important metrics stack up against Wall Street predictions and figures from the previous year.
Everest Group (EG) reported quarterly earnings of $16.32 per share, surpassing the Zacks Consensus Estimate of $15.98 per share. This is an increase from earnings of $11.31 per share in the same quarter last year.
Everest Re's (EG) first-quarter performance is expected to be boosted by growth in various business areas, higher property lines, increased new money yields, and careful underwriting practices.
Everest Group (EG) is poised to benefit from a better interest rate environment, high renewal retention, ongoing favorable rate increases, and a strong capital position.
Everest Group, Ltd. (EG) is looking like an interesting pick from a technical perspective, as the company reached a key level of support.
What type of business is Everest?
Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in the United States, Bermuda, Canada, Europe, South America, France, Germany, Spain, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. The company was formerly known as Everest Re Group, Ltd. and changed its name to Everest Group, Ltd. in July 2023. The company was founded in 1973 and is headquartered in Hamilton, Bermuda.
What sector is Everest in?
Everest is in the Financial Services sector
What industry is Everest in?
Everest is in the Insurance - Reinsurance industry
What country is Everest from?
Everest is headquartered in Bermuda
When did Everest go public?
Everest initial public offering (IPO) was on 03 October 1995
What is Everest website?
https://www.everestglobal.com
Is Everest in the S&P 500?
Yes, Everest is included in the S&P 500 index
Is Everest in the NASDAQ 100?
No, Everest is not included in the NASDAQ 100 index
Is Everest in the Dow Jones?
No, Everest is not included in the Dow Jones index
When does Everest report earnings?
The next expected earnings date for Everest is 31 July 2024