ET 17:04

Everest Group Reports Q4 Profit of $10.77 Per Share, Exceeds Revenue Expectations - EG

IMP8.0
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Earnings

[Para 1: The Lead] Everest Group, Ltd. (EG), a leading reinsurance company based in Hamilton, Bermuda, reported a fourth-quarter profit of $446 million, equating to $10.77 per share, surpassing Wall Street expectations. The company's revenue for the quarter was $4.42 billion, exceeding forecasts by $100 million. [Para 2-3: Supporting details & Context] Everest Group's annual profit stood at $1.59 billion, or $37.80 per share, with total revenue of $17.5 billion. The company's financial performance reflects strong market demand and successful strategic initiatives. Wall Street analysts had forecast earnings of $13.36 per share and revenue of $4.31 billion. Everest Group's results highlight robust financial health and market leadership within the reinsurance sector.

EditorWong Mei Ling