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Everest Group (EG)
NYSE:EG
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
7.23Last Year’s EPS
16.32Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: -2.35%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed view with strong performance in reinsurance and international insurance growth, but significant impacts from reserve strengthening and losses from California wildfires. The insurance segment is under pressure due to challenges in U.S. casualty lines.Company Guidance
During the Everest Group Limited Fourth Quarter 2024 Earnings Conference Call, the company provided guidance on several financial metrics. Everest expects a pre-tax net loss of $350 million to $450 million from the California wildfires, impacting mainly their Reinsurance division. Despite reserve strengthening, Everest achieved $1.3 billion in operating income for 2024, with a 9% operating return on equity. The Reinsurance division reported $286 million and $1.2 billion in underwriting income for the quarter and year, respectively, with a combined ratio of 91.5%. Gross written premiums in reinsurance grew by 12.6%, while the Insurance segment saw a marginal decline due to remedial actions. Net investment income increased to $473 million, contributing to a year-end shareholder equity of $13.9 billion. Everest aims for a mid-teens total shareholder return over the cycle, with a focus on maintaining underwriting discipline and strategic capital management.Strong Reinsurance Performance
Despite an elevated catastrophe year, Everest earned $286 million in Q4 and $1.2 billion of underwriting income for the year. Premium growth in reinsurance was 12.6% for the quarter.
Record Operating Income
Everest earned $1.3 billion in operating income for the year with a 9% operating return on equity.
International Insurance Growth
The international insurance business reported strong premium growth in key short-tail and specialty lines, achieving an underwriting profit despite substantial investments.
Positive Investment Income
Net investment income increased to $473 million for the quarter, driven by higher assets under management.
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EG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 03, 2025 | $345.27 | $341.72 | -1.03% |
| Oct 30, 2024 | $380.00 | $355.61 | -6.42% |
| Jul 31, 2024 | $390.82 | $366.42 | -6.24% |
| Apr 29, 2024 | $365.29 | $362.62 | -0.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Everest Group (EG) report earnings?
Everest Group (EG) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Everest Group (EG) earnings time?
Everest Group (EG) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EG EPS forecast?
EG EPS forecast for the fiscal quarter 2025 (Q1) is 7.23.
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