Everest Group (NYSE:EG) was downgraded at Morgan Stanley after the reinsurer announced a $1.7B reserve charge in January.

This was the stock's third consecutive day of losses.

Fintel reports that on February 5, 2025, Morgan Stanley downgraded their outlook for Everest Group (NYSE:EG) from Overweight ...

The credit ratings of Bermudian-based Everest Group Ltd and its subsidiaries remain unchanged following the company’s ...

Q4 2024 Earnings Call Transcript February 4, 2025 Operator: Good day and welcome to the Everest Group Limited Fourth Quarter 2024 Earnings Conference Call. All participants will be in a listen-only ...

Morgan Stanley downgraded Everest Group (EG) to Equal Weight from Overweight with a price target of $340, down from $425. After the management ...

In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Hold rating on Everest Group (EG – Research Report), with a price ...

Operating income for 2024 reached $1.3 billion, with a 9% return on equity despite $1.7 billion in reserve strengthening, predominantly in U.S. casualty lines. Williamson described the results as ...

Everest also provided an estimate for its first-quarter 2025 catastrophe losses, expected to be in the range of $350 to $450 ...

EG's Q4 results reflect higher premiums in the reinsurance segment and improved investment income, partially offset by higher expenses and underwriting loss.

US-based reinsurer Everest Group has posted a net loss of $593m for the fourth quarter of 2024 (Q4 2024) compared with net income of $804m a year ago. The company attributed the downturn to the ...

Everest Group reported its fourth-quarter results for 2024, marking a challenging end to the year. The group posted a net ...