Everest Group, Ltd. (NYSE:EG ) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Matt Rohrmann - SVP and Head, IR Juan Andrade - President and CEO Mark Kociancic - EVP and CFO Jim Williamson - EVP and COO Conference Call Participants Yaron Kinar - Jefferies Gregory Peters - Raymond James Elyse Greenspan - Wells Fargo Brian Meredith - UBS Dean Criscitiello - KBW Charlie Lederer - Citigroup Operator Good day and welcome to Everest Group Limited's Second Quarter 2024 Earnings Conference Call.

Everest Group (EG) Q2 results reflect higher premiums across its Reinsurance and Insurance segment and improved net investment income, offset by higher catastrophe loss.

I have a diversified portfolio of stocks, funds, and bonds. My stocks are primarily dividend paying value stocks. One can find dividend stocks with superior estimated total returns by comparing their return drivers – earnings growth, dividend yield and valuation - to historic trends. This article compares the earnings growth, dividend yield, current valuation, and estimated future return of 53 stocks.

Everest's Q2 earnings were seasonally strong given low cat losses, with gross premiums growing by 13% and underwriting profits of $358 million. EG's reinsurance unit outperformed with a lower combined ratio, while the insurance unit continues to deliver subpar results that make reaching full-year targets difficult. Investment income is benefiting from higher rates, but potential upside catalysts are unclear, and shares may stay "cheap" due to hurricane risk and weak underwriting results.

The headline numbers for Everest Group (EG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Everest Group (EG) came out with quarterly earnings of $16.85 per share, missing the Zacks Consensus Estimate of $16.97 per share. This compares to earnings of $15.21 per share a year ago.

Improving business environment, underwriting practices and other factors are expected to have benefited insurance players in the second quarter. MET, AFL, AIG, ALL and EG will release earnings on Jul 31.

Everest Group's (EG) second-quarter performance is likely to have benefited from new business and strong renewal retention, improved assets under management and rate increases.

Everest Group (EG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SimpleVMS, a division of Avionté, is honored to announce its recognition as a major contender and star performer in Everest Group's Vendor Management System (VMS) PEAK Matrix® Assessment 2024, a comparative assessment of 22 leading VMS providers. As employers rely more on the contingent workforce, VMS solutions are becoming more crucial as the core technology for procuring and managing contingent work. Everest Group's VMS PEAK Matrix Assessment provides orga.

Everest Group (EG) stands to gain from strong renewal retention, continued favorable rate increases, an improved interest rate environment and financial flexibility.

Everest Group (EG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.