Everest Reports Fourth Quarter and Full-Year 2023 Results
Everest Group, Ltd. (EG)
Company Research
Source: Business Wire
Record Annual Net Income of $2.5 billion and Operating Income of $2.8 billionAnnual 20.9% Net Income ROE and 23.1% Operating Income ROE; TSR1 of 26.5%Fourth Quarter Net Income of $804 million and Operating Income of $1.1 billionWell Positioned in 2024 Following Outstanding 1/1 Renewals 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 fourth quarter 2023 results.Full Year 2023 Highlights20.9% Net Income ROE and 23.1% Operating Income ROE; Total Shareholder Return of 26.5%1$16.6 billion in gross written premium with year-over-year growth of 20.9%2 as reported for the Group, 26.4%2 for Reinsurance, and 10.3%2 for InsuranceCombined ratios of 90.9% for the Group, 86.4% for Reinsurance and 103.0% for InsuranceGroup attritional combined ratio of 86.9% when excluding the impact of 0.7 points from profit commissions associated with
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EG
News
- Everest Reports First Quarter 2024 ResultsBusiness Wire
- 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
EG
Earnings
- 4/29/24 - Beat