Everest Reports Fourth Quarter and Full-Year 2024 Results
Everest Group, Ltd. (EG)
Company Research
Source: Business Wire
Annual Net Income of $1.4 billion and Net Operating Income of $1.3 billionDecisive Actions to Fortify Reserves in U.S. Casualty Lines 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 2024 results.Full-Year 2024 HighlightsTotal Shareholder Return of 9.2%1; 9.6% Net Income ROE and 9.0% Operating Income ROE$18.2 billion in gross written premium with year-over-year growth of 9.1% for the Group, 12.2% for Reinsurance, and 4.0% for Insurance on a comparable basisCombined ratios of 102.3% for the Group, 89.7% for Reinsurance and 130.7% for Insurance, which includes decisive actions to strengthen U.S. casualty reservesGroup attritional combined ratio of 87.6% when excluding the impact of 0.5 points from profit commissions associated with favorable loss reserve development on mortgage business versus 86.9% when exclu
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- Everest Group (NYSE:EG) was upgraded by analysts at Mizuho to a "hold" rating.MarketBeat
- Everest Group (NYSE:EG) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Everest Group (NYSE:EG) was given a new $359.00 price target on by analysts at Mizuho.MarketBeat
- Everest Group (NYSE:EG) had its price target lowered by analysts at TD Cowen from $400.00 to $365.00. They now have a "hold" rating on the stock.MarketBeat
- Everest Group (EG): Reassessing Valuation After Sweeping Finance and Risk Leadership Changes [Yahoo! Finance]Yahoo! Finance