Everest Group (EG) Q2 Earnings Miss on Higher Catastrophe Loss

Everest Group, Ltd.'s (EG) second-quarter 2024 operating income of $16.85 per share missed the Zacks Consensus Estimate by 0.7%. The bottom line jumped 10.8% year over year. Everest Group witnessed higher premiums across its reinsurance and insurance businesses and improved net investment income. Higher catastrophe loss weighed on the upside. Operational Update Everest Group's total operating revenues of$ 4.2 billion climbed 15.9% year over year on higher premiums earned and net investment income. The top l ...