Everest Group rides on strong renewal retention, continued favorable rate increases and prudent capital deployment, offset by higher expenses and cat loss.
EG's Q3 results reflect above-average cat loss as well as lower premiums in Insurance. Higher premiums in Reinsurance and improved net investment income limited the downside.
Everest Group, Ltd. (NYSE:EG ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Matthew Rohrmann - Senior Vice President & Head, Investor Relations Juan Andrade - President & Chief Executive Officer Mark Kociancic - Executive Vice President & Chief Financial Officer Jim Williamson - Executive Vice President & Chief Operating Officer Conference Call Participants Yaron Kinar - Jefferies Gregory Peters - Raymond James Josh Shanker - Bank of America Alex Scott - Barclays Meyer Shields - Keefe Bruyette & Woods Brian Meredith - UBS Michael Zaremski - BMO David Motemaden - Evercore ISI Hristian Getsov - Wells Fargo Securities Andrew Kligerman - TD Cowen Operator Good day, and welcome to the Everest Group Limited Third Quarter 2024 Earnings Conference Call.
Everest Group reported Q3-2024 results today. The losses for the two major hurricanes were the big topics for discussion. We look at how the valuation is stacking up compared to our previous article.
While the top- and bottom-line numbers for Everest Group (EG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Everest Group (EG) came out with quarterly earnings of $14.62 per share, beating the Zacks Consensus Estimate of $11.91 per share. This compares to earnings of $14.14 per share a year ago.
EG's third-quarter results are likely to reflect higher premiums, driven by rate and exposure increases, across both segments.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Everest Group (EG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Everest Group (EG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Strong renewal retention, continued favorable rate increases, financial flexibility and prudent capital deployment poise EG for growth.
Everest Group (EG) reported earnings 30 days ago. What's next for the stock?
Everest Group (EG) gains from strong renewal retention, continued favorable rate increases, an improved interest rate environment and financial flexibility.