4 - EVEREST GROUP, LTD. (0001095073) (Issuer)

SC 13G - EVEREST GROUP, LTD. (0001095073) (Subject)

Everest Group, Ltd. announced that its Board of Directors approved an increase of 10 million shares in its share repurchase authorization. In addition, the Company announced that its Board of Directors declared a dividend of $2.00 per common share. This dividend will be payable on or before December 13, 2024 to all shareholders of record as of November 27, 2024. About Everest Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers' most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its

Net Income of $509 million and Net Operating Income of $630 million Total Shareholder Return1 of 19.4% Annualized YTD 17.8% Net Income ROE and 18.7% Net Operating Income ROE 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 Highlights Total Shareholder Return of 19.4% annualized; Annualized year-to-date 17.8% Net Income ROE and 18.7% Net Operating Income ROE Net Income of $509 million; Net Operating Income of $630 million driven by attritional underwriting margin improvement and solid net investment income generati

Ryan Specialty (NYSE:RYAN), a leading international specialty insurance firm, is pleased to announce that today it has completed the acquisition of certain assets of EverSports & Entertainment Insurance, Inc. ("EverSports") from the Everest Group, Ltd. (NYSE:EG) group of companies. EverSports is a managing general underwriter focused on sports, leisure and entertainment ("SLE") risks and is based in Carmel, Indiana. Founded in 2013, EverSports is a leader in the SLE insurance industry with broad diversification across the various SLE sub-classes (amusement facilities, amateur sports, touring artists, etc.). The relevant business will join Alive Risk, Ryan Specialty's existing SLE facility,

Everest Group, Ltd. ("Everest") (NYSE:EG) will hold its third quarter 2024 earnings conference call on Thursday, October 31, 2024, beginning at 8:00 am Eastern Time. Dial in details can be obtained by completing the registration form available at: https://dpregister.com/sreg/10191741/fd4508573c The call can be accessed via a live, listen only webcast at www.everestglobal.com/Investors where a replay of the call will also be available. Everest will release financial results on October 30, 2024 after the NYSE market close. At that time, Everest's earnings release and financial supplement will be made available at www.everestglobal.com/Investors. About Everest Everest is a global underwri

Everest Group, Ltd. (NYSE:EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced that it has published its Global Loss Triangles for the year ended December 31, 2023. These documents are available on the Company's investor relations website, under Financials/Annual Disclosures. The link can be found here: https://www.everestglobal.com/investor-relations/financials/annual-disclosures. About Everest Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers' most pressing challeng

Everest Group, Ltd. announced that its Board of Directors declared a dividend of $2.00 per common share. This dividend will be payable on or before September 27, 2024 to all shareholders of record as of September 16, 2024. About Everest Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers' most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.

Everest Group, Ltd. (NYSE:EG) has named industry leader Bill Hazelton Executive Vice President of Everest Insurance® & President of North America Insurance. Mr. Hazelton most recently served as Head of US Retail Casualty and Industry Practices for Everest Insurance®. Prior to Everest, Mr. Hazelton spent three decades in various leadership roles across underwriting, claims and distribution at large insurance organizations including Chubb, where he was Head of North America Industry Practices and Head of North America Claims. "Bill is a highly accomplished and respected leader with a proven record of delivering results," said Jim Williamson, Everest Group Chief Operating Officer. "In addi

Old Glory Bank Rolls Out $100,000 Line-of-Duty Death Benefit for America's Protectors Starting now, Armed Forces, Firefighters, Law Enforcement, and U.S. Border Patrol Agents can receive a $100,000 Line-of-Duty Death Benefit from Old Glory Bank. www.oldglorybank.com Old Glory Bank, the pro-America online community bank, introduces Old Glory Protect, a $100,000 Line-of-Duty Death Benefit for our Protectors who pay the ultimate sacrifice. Protectors are members of our Armed Forces (active, guard, and reserve), firefighters (including volunteer and wildfire), state and local law enforcement officers, and U.S. Border Patrol agents. Old Glory Bank protects those who protect you. This Lin

Net Income of $724 million and Operating Income of $730 million Operating Income ROE of 19.7% and TSR1 of 20.0% $358 million of Underwriting Income and Combined Ratio of 90.3% Everest Group, Ltd. (NYSE:EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today reported its second quarter 2024 results. Second Quarter 2024 Highlights Total Shareholder Return of 20.0% annualized; 19.6% Net Income ROE and 19.7% Operating Income ROE Net Income of $724 million; Operating Income of $730 million driven by attritional underwriting margin improvement and strong net investment income generation $4.7 billion in gro

Andrew McBride named Group Chief Claims Officer Lope Garcia joins Everest Reinsurance as Chief Claims Officer Everest Group, Ltd. (NYSE:EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced two key leadership appointments to the Company's world-class claims operations. Andrew McBride has been promoted to Group Chief Claims Officer, where he will lead claims across Everest's Insurance and Reinsurance divisions, working closely with the Company's global leaders to drive claims excellence and superior service. Mr. McBride was most recently Global Head of Claims at Everest Insurance®, where he develop

Barclays initiated coverage of Everest Group with a rating of Overweight and set a new price target of $527.00

Citigroup downgraded Everest Group from Buy to Neutral and set a new price target of $375.00 from $452.00 previously

Wells Fargo downgraded Everest Group from Overweight to Equal Weight and set a new price target of $402.00 from $484.00 previously

TD Cowen initiated coverage of Everest Group with a rating of Market Perform and set a new price target of $421.00

Evercore ISI initiated coverage of Everest Group with a rating of In-line and set a new price target of $431.00

Goldman initiated coverage of Everest Group with a rating of Buy and set a new price target of $449.00

Keefe, Bruyette & Woods analyst Meyer Shields maintains Everest Group (NYSE:EG) with a Outperform and lowers the price target from $457 to $454.

B of A Securities maintains Everest Group (NYSE:EG) with a Buy and raises the price target from $470 to $493.

Morgan Stanley maintains Everest Group (NYSE:EG) with a Overweight and lowers the price target from $450 to $445.

Everest Group, Ltd. announced that its Board of Directors declared an increase in the regular quarterly dividend from $1.75 to $2.00 per common share. This dividend will be payable on or before June 14, 2024 to all shareholders of record as of May 29, 2024.

Earnings reports and a dovish stance from the Federal Reserve lifted stocks last week. Major indices reacted positively, particularly to earnings from high-profile companies that hold significant weight in the indexes. Tech Giants Lead Charge: Apple, Inc. (NASDAQ:AAPL) and Amazon, Inc. (NASDAQ:AMZN) were top performers. Apple impressed investors with a record $110 billion stock buyback plan and better-than-expected guidance for the June quarter. According to FactSet, a financial data analytics firm, 80% of S&P 500 companies have reported earnings so far. These reports have shown a higher-than-average percentage of companies exceeding earnings expectations and by a larger margin than us

Everest Group (NYSE:EG) reported quarterly earnings of $16.87 per share which beat the analyst consensus estimate of $16.01 by 5.37 percent. The company reported quarterly sales of $4.13 billion which beat the analyst consensus estimate of $3.92 billion by 5.39 percent. This is a 33.32 percent increase over sales of $3.10 billion the same period last year.

U.S. stocks kicked off the week on a positive note, with all major averages edging higher in anticipation of significant events including earnings reports from tech giants like Amazon.com Inc. (NASDAQ:AMZN) on Tuesday and Apple Inc. (NASDAQ:AAPL) on Thursday, a pivotal Federal Reserve Open Market Committee meeting on Wednesday, and the April’s jobs report on Friday. The S&P 500 rose 0.2% by midday trading in New York, following a 1% surge last Friday. Both the tech-heavy Nasdaq 100 and blue-chip stocks in the Dow Jones made similar gains. Small caps, as tracked by iShares Russell 2000 ETF (NYSE:IWM), outperformed large-cap stocks, rising as much as 0.9%. Tesla Inc. (NASDAQ:TSLA) g

U.S. stocks are looking to build on past week’s gains, with the mood remaining cautiously optimistic. The major index futures were modestly higher in early trading. Given the strong gains in the past week, it wouldn’t come as a surprise if traders choose to take some profits, especially with the Fed meeting looming. Analysts hope the upward momentum gains strength if the central bank chooses to deliver a dovish message. In the absence of any major Main Street cues, the focus is likely to rest solely on earnings. Futures Performance On Monday ( as of 6:20 a.m. EDT) FuturesPerformance (+/-)Nasdaq 100+0.24%S&P 500+0.16%Dow+0.12%R2K-0.00%In