Stock Data
$1.70 (0.46%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
INSURANCE - REINSURANCE
Everest Group Ltd is a global provider of reinsurance and insurance products, operating in key markets such as the United States, Europe, and beyond. With a focus on property and casualty, the company offers a broad range of services including treaty and facultative reinsurance, as well as commercial property and casualty insurance. Everest Group stands out for its comprehensive solutions in sectors like accident and health, marine and aviation, and sports and entertainment. Founded in 1973 and based in Hamilton, Bermuda, Everest has evolved to meet the diverse needs of its clients worldwide.
Everest Group beat both earnings and revenue despite $94 million in catastrophe losses tied to the Iran War, posting $14.85 in non-GAAP EPS and $3.96 billion in revenue while deploying $395 million to buybacks. Core underwriting income of $317 million shows the reinsurer's portfolio discipline is outweighing macro headwinds as the Legacy segment winds down.
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