Everest Reports First Quarter 2024 Results
Everest Group, Ltd. (EG)
Company Research
Source: Business Wire
Net Income of $733 million and Operating Income of $709 millionTSR1 of 18.1%; 20.6% Net Income ROE and 20.0% Operating Income ROE88.8% Combined Ratio Resulting in Record Underwriting Income of $409 million HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today reported its first quarter 2024 results.First Quarter 2024 HighlightsNet Income of $733 million; Operating Income of $709 million driven by underwriting margin improvement and strong net investment income generationTotal Shareholder Return of 18.1% annualized; 20.6% Net Income ROE and 20.0% Operating Income ROE$4.4 billion in gross written premium with year-over-year growth of 17.2%2 for the Group, 20.4%2 for Reinsurance, and 9.8%2 for InsuranceCombined ratios of 88.8% for the Group, 87.3% for Reinsurance and 93.1% for InsuranceAttritional combined ratios of 86.5% for the Group, 84.4%
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News
- Should Everest Re (EG) Be in Your Kitty Before Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Everest Group, Ltd. (NYSE: EG) had its price target lowered by analysts at Morgan Stanley from $466.00 to $450.00. They now have an "overweight" rating on the stock.MarketBeat
- Everest Group, Ltd. (NYSE: EG) had its price target lowered by analysts at Wells Fargo & Company from $402.00 to $397.00. They now have an "equal weight" rating on the stock.MarketBeat
- Everest Group, Ltd. (NYSE: EG) had its price target raised by analysts at Keefe, Bruyette & Woods from $445.00 to $457.00. They now have an "outperform" rating on the stock.MarketBeat
- Everest Expands Jim Williamson’s Role to Lead Company’s Global Underwriting BusinessesBusiness Wire
EG
Earnings
- 4/29/24 - Beat