Everest Reports Third Quarter 2024 Results
Everest Group, Ltd. (EG)
Company Research
Source: Business Wire
Net Income of $509 million and Net Operating Income of $630 millionTotal Shareholder Return1 of 19.4%Annualized YTD 17.8% Net Income ROE and 18.7% Net Operating Income ROE 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 third quarter 2024 results.Third Quarter 2024 HighlightsTotal Shareholder Return of 19.4% annualized; Annualized year-to-date 17.8% Net Income ROE and 18.7% Net Operating Income ROENet Income of $509 million; Net Operating Income of $630 million driven by attritional underwriting margin improvement and solid net investment income generation$4.4 billion in gross written premium with year-over-year growth of 0.6% for the Group, 1.7% for Reinsurance, and -2.1% for Insurance on a comparable basis; Strong double-digit growth in property and specialty lines across both segments was partially offset by reductions
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- Everest Group, Ltd. (NYSE: EG) had its price target lowered by analysts at TD Cowen from $444.00 to $419.00. They now have a "hold" rating on the stock.MarketBeat
- Everest Group, Ltd. (NYSE: EG) had its price target lowered by analysts at BMO Capital Markets from $383.00 to $372.00. They now have a "market perform" rating on the stock.MarketBeat
- Everest Group Announces Increase to Share Repurchase Authorization and Announces DividendBusiness Wire
- Everest Group, Ltd. (NYSE: EG) had its price target lowered by analysts at Wells Fargo & Company from $406.00 to $402.00. They now have an "equal weight" rating on the stock.MarketBeat
- Everest Group, Ltd. (NYSE: EG) had its price target lowered by analysts at Barclays PLC from $527.00 to $517.00. They now have an "overweight" rating on the stock.MarketBeat