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Everest Group ( (EG) ) has issued an update.
On January 27, 2025, Everest Group announced preliminary financial results for 2024, anticipating a net income between $1.3 billion and $1.4 billion. The results reflect a strengthening of U.S. casualty reserves by $1.1 billion in the Insurance segment and $684 million in the Reinsurance segment, driven by social inflation and portfolio concentrations. Additionally, the company introduced a new ‘Other’ segment and outlined a strategic shift away from detailed forward guidance, aiming for mid-teens shareholder returns. These measures are part of a broader strategy to fortify the company’s balance sheet and enhance future returns.
More about Everest Group
Everest Group, Ltd. is a global leader in underwriting, offering property, casualty, and specialty insurance and reinsurance solutions. With a robust 50-year track record, the company focuses on disciplined underwriting, capital, and risk management, serving a diverse range of stakeholders worldwide.
YTD Price Performance: 0.50%
Average Trading Volume: 397,305
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $15.69B
For a thorough assessment of EG stock, go to TipRanks’ Stock Analysis page.
