EG

It has been about a month since the last earnings report for Everest Group (EG). Shares have lost about 6.6% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Everest Group due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Everest Q1 Earnings Top, Revenues Miss Estimates, Premiums Decline Y/YEverest Group, Ltd. reported first-quarter 2026 operating income of $16.08 per share, which beat the Zacks Consensus Estimate by 14.6%. The bottom line increased significantly 149% year over year. Everest Group benefited from solid investment income growth and improved catastrophe losses, which driving a sharp improvement in profitability despite weaker premiums and top-line pressure. Total operating revenues of about $4 billion declined 4.6% year over year, reflecting lower premiums. The top line missed the Zacks Consensus Estimate by 7.7%. Gross written premiums fell 18.5% year over year to $3.6 billion, reflecting an 8.5% decline in Reinsurance Treaty, partially offset by growth in Global Wholesale &Specialty. Our estimate was $4.8 billion.Net investment income rose 15.5% year over year to $567 million, driven by a larger asset base and strong alternative investment returns. The figure exceeded our estimate of $491 million and the Zacks Consensus Estimate of $513 million.Total claims and expenses declined 17% to $3.3 billion, primarily due to lower incurred losses and loss adjustment expenses, commissions, brokerage, taxes and fees. Our estimate was $3.7 billion. Underwriting income totaled $316 million in contrast to an underwriting loss of $104 million in the year-ago quarter. Pre-tax catastrophe losses, net of recoveries and reinstatement premiums, were $130 million, narrower than $472 million a year ago. The combined ratio improved 1160 basis points year over year to 91.2. The Zacks Consensus Estimate was 94.2, while our estimate was 93.9. Reinsurance Treaty segment generated gross written premiums of $2.7 billion, down 8.5% year over year and below our estimate of $3.6 billion. The decline reflected lower volumes in Property Non-Catastrophe XOL, Casualty Pro-Rata and Casualty XOL, which...

Reinsurance Group of America, Incorporated RGA reported first-quarter 2026 adjusted operating earnings of $6.97 per share, which beat the Zacks Consensus Estimate by 12.6%. The bottom line rose 21.9% from the year-ago quarter. RGA's operating revenues of $6.7 billion beat the Zacks Consensus Estimate by 3.7%. The top line improved 19.9% year over year on higher net investment income, net premiums and other revenues. RGA reported strong first-quarter results, driven by solid growth in Financial Solutions businesses across the United States, EMEA and the Asia/Pacific, along with higher investment income and premium growth. However, higher expenses and weakness in the United States and Latin America Traditional segment partially offset the strong performance. Reinsurance Group of America, Incorporated price-consensus-eps-surprise-chart | Reinsurance Group of America, Incorporated Quote Net premiums of $4.6 billion increased 14.3% year over year and beat the Zacks Consensus Estimates by 2.4%. Investment income improved 19.3% from the prior-year quarter to $1.7 billion and beat the Zacks Consensus Estimates by 7.4%. The increase was driven by a larger average invested asset base and higher earned yields. The average investment yield increased to 4.93% from 4.64% in the prior-year period, driven by higher variable investment income. Total benefits and expenses increased 23.8% year over year to $6.1 billion on higher claims and other policy benefits, interest credited, policy acquisition costs and other insurance expenses, other operating expenses, and Interest credited. U.S. and Latin America: Total pre-tax adjusted operating income was $256 million, which increased 23.7% year over year. The Traditional segment reported a pre-tax adjusted operating income of $138 million, which decreased 1.4% year over year. Net premiums increased 0.6% from the year-ago quarter to $1.9 billion. The Financial Solutions segment’s pre-tax adjusted operating income increased 76% to $118 million. Canada: Total pre-tax adjusted operating income rose 11.6% year over year to $48 million. The Traditional segment delivered a 18.7% year-over-year increase in pre-tax adjusted operating income to $48 million. Net premiums grew 6.3% to $339 million, benefiting from a $2 million favorable impact from foreign currency exchange rates during the quarter. The Financial Solutions segment’s pre-tax ad...

Sun Life Financial Inc. SLF delivered first-quarter 2026 underlying net income of $1.38 per share, which beat the Zacks Consensus Estimate by 2.2%. The bottom line increased 8.7% year over year. Underlying net income was $765 million (C$1 billion), which increased 5.2% year over year, driven by strong performance in Asia, reflecting business growth in Hong Kong and Canada from higher fee income driven by higher AUM. The increase was offset by lower results in Sun Life Asset Management, reflecting lower catch-up fees and net seed investment income at SLC Management, higher financing costs in Corporate, and the unfavorable impacts from foreign exchange translation. Revenues of $6.4 billion decreased 18.9% year over year. The quarterly results reflected higher premiums, favorable net investment results, higher sales and in-force business growth across the segments. Asset management gross flows & wealth sales of $45.4 billion (C$62.3 billion) increased 4.8% year over year. Group - Health & Protection sales of $402 million (C$552 million) declined 0.4% year over year. Individual - Protection sales of $840 million (C$1.15 billion) jumped 38.1% year over year. New business contractual service margin (CSM) was $313 million (C$429 million), up 11% year over year. Sun Life Financial Inc. price-consensus-eps-surprise-chart | Sun Life Financial Inc. Quote SLF Canada’s underlying net income was $270 million (C$370 million). Canada witnessed business growth that reflected higher premiums in Sun Life Health, higher fee income from higher AUM and favorable net investment results. It was partially offset by less favorable insurance experience. Asset management gross flows & Wealth sales of $4.3 billion ($6 billion) decreased 4.4% year over year. The decrease was due to lower large case sales compared to a strong prior year in Group Wealth defined contributions. It was offset by higher mutual fund sales in Individual Wealth and increased rollover volumes in Group Wealth. SLF U.S.’ underlying net income was $160 million, which increased 6% year over year, driven by higher results in In-force Management, reflecting favorable net investment results. It was offset by lower earnings in Dental, driven by lower revenues and the impact of a retroactive premium payment in the prior year. U.S. group sales of $160 million grew 30% year over year. The increase was due to higher medical s...

Assurant, Inc. AIZ reported first-quarter 2026 net operating income of $5.95 per share, which beat the Zacks Consensus Estimate by 10.2%. The bottom line increased 76% year over year. Quarterly results benefited from lower reportable catastrophes, solid performance in both Global Lifestyle and Global Housing, and earnings growth across both Connected Living and Global Automotive. It was partially offset by higher expenses. Total revenues increased 11.4% year over year to $3.4 billion, driven by higher net earned premiums and fees, other income, and net investment income. The top line beat the Zacks Consensus Estimate by 4.4%. Net investment income was up 27.9% year over year to $159.6 million. The figure was higher than our estimate of $133 million. Total benefits, losses and expenses increased 6.7% to $3 billion, mainly due to higher underwriting, selling, general, and administrative expenses, and interest expense. The figure was higher than our estimate of $2.9 billion. Assurant, Inc. price-consensus-eps-surprise-chart | Assurant, Inc. Quote Revenues at Global Housing increased 11.5% year over year to $769.8 million, primarily driven by higher Total net earned premiums, fees, and other income and net investment income. The figure was higher than our estimate of $737.8 million. Adjusted EBITDA doubled year over year to $236.7 million, primarily due to $132.3 million of lower pre-tax reportable catastrophes. The figure was higher than our estimate of $207.8 million. Revenues at Global Lifestyle rose 11.3% year over year to $2.6 billion. The increase was primarily driven by higher net earned premiums, fees and other income and net investment income. The figure was higher than our estimate of $2.5 billion. Adjusted EBITDA of $236.7 million increased 20% year over year, driven by double-digit earnings growth across both Connected Living and Global Automotive. Connected Living results benefited from subscriber growth in mobile protection programs and trade-in performance. Global Automotive results increased from higher investment income, including the gain noted above, and improved loss experience. The figure was higher than our estimate of $169.8 million. Adjusted EBITDA loss at Corporate & Other was $31.9 million, wider than the year-ago quarter’s adjusted EBITDA loss of $28 million, primarily due to organic investments to support our Home Warranty business. I...

Prudential Financial, Inc. PRU reported first-quarter 2026 adjusted operating income of $3.61 per share, which beat the Zacks Consensus Estimate by 11.4%. The bottom line rose 9.7% year over year. Total revenues of $15.2 billion increased 13.6% year over year and beat the Zacks Consensus Estimate by 7.3%. The increase in revenues was due to higher premiums and improved net investment income. Prudential Financial's quarterly results reflected higher asset management fees, new business growth, and improved net investment spread results, offset by higher expenses. Prudential Financial, Inc. price-consensus-eps-surprise-chart | Prudential Financial, Inc. Quote Total benefits and expenses amounted to $13.6 billion, which increased 14.4% year over year in the first quarter. This increase was due to higher insurance and annuity benefits, interest credited to policyholders' account balances, interest expense, amortization of acquisition costs and operating expenses. Prudential Global Investment Management’s (PGIM) adjusted operating income of $190 million increased 22% year over year. The metric missed the Zacks Consensus Estimate by 11.2%. This increase primarily reflects higher asset management fees and other related revenues, mainly driven by agency earnings. It was partially offset by higher expenses resulting from growth initiatives. PGIM’s assets under management of $1.433 trillion in the reported quarter increased 3% year over year. The U.S. Businesses delivered an adjusted operating income of $956 million, which grew 3% year over year. The metric beat the Zacks Consensus Estimate by 2.4%. This increase primarily reflects higher net investment spread results. It was partially offset by higher expenses in all businesses related to investments in enhancing service and distribution, and lower net fee income resulting from the continued run-off of the traditional variable annuity block. International Businesses’ adjusted operating income declined 4% year over year to $810 million in the first quarter. The metric beat the Zacks Consensus Estimate by 15.1%. This decrease primarily reflects higher expenses related to the suspension of Prudential Japan sales. It was partially offset by higher net investment spread results and more favorable underwriting results, primarily driven by new business growth in Brazil, which had a record earnings quarter. Corporate and Othe...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Everest Group (EG) just posted an earnings beat for the March 2026 quarter, with profit metrics and underwriting results ahead of expectations even as revenue eased. Management also lifted its share repurchase floor, signaling confidence. See our latest analysis for Everest Group. The earnings surprise and higher buyback floor came on top of a 9.17% 1 month share price return and a 6.73% 3 month share price return, while the 1 year total shareholder return of 3.98% and 5 year total shareholder return of 44.29% point to momentum that has built more gradually over time. If this earnings beat has you thinking about where else capital could work hard for you, it could be worth scanning 18 top founder-led companies for fresh ideas beyond the insurance and reinsurance space. With Everest Group trading at $353.57, below an average analyst price target of $372.60 and with some models suggesting a larger intrinsic discount, the real question is whether this is a genuine opening or if the market is already baking in future growth. At a last close of $353.57 versus a narrative fair value of about $371.53, the current price sits below what the most followed model implies, putting the focus on what is driving that gap. Read the complete narrative. The heart of this narrative is a trade off between shrinking headline revenue, rising margins and a future earnings multiple well below the current sector norm. It raises the question of which assumptions have to hold for that to add up. The fair value estimate is built using a 6.98% discount rate, a view on earnings expansion and a lower future P/E, rather than simple peer comparisons or past share price moves. Result: Fair Value of $371.53 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the story can change quickly if larger catastrophe losses hit book value harder than expected or if competition squeezes pricing in key property and reinsurance lines. Find out about the key risks to this Everest Group narrative. If this all sounds promising but you still feel on the fence, act while the details are fresh and evaluate the evidence yourself with 5 key rewards If Everest Group is on your radar, do not stop there. Broaden your watchlist today so you are not rely...

Global reinsurance company Everest Group (NYSE:EG) missed Wall Street’s revenue expectations in Q1 CY2026, with sales falling 4.6% year on year to $4.07 billion. Its non-GAAP profit of $16.08 per share was 15% above analysts’ consensus estimates. Is now the time to buy EG? Find out in our full research report (it’s free). Revenue: $4.07 billion vs analyst estimates of $4.31 billion (4.6% year-on-year decline, 5.5% miss) Adjusted EPS: $16.08 vs analyst estimates of $13.98 (15% beat) Market Capitalization: $15.44 billion Everest Group’s first quarter performance was shaped by a deliberate shift toward higher-margin lines and disciplined capital management, even as revenue declined. Management attributed the results to a more focused business structure and robust investment income, highlighting the effective repositioning of its reinsurance and specialty insurance portfolios. CEO James Williamson noted that the company’s lead market reinsurance treaty franchise and progress in its Global Wholesale & Specialty segment were central to generating strong underwriting income, despite an environment with elevated catastrophe losses and persistent challenges in U.S. casualty lines. Williamson also emphasized ongoing execution of a strategy prioritizing profitability over top-line growth, underscoring the company’s ability to generate underwriting and investment returns even as gross written premiums fell due to completed business exits and runoff of legacy exposures. Looking ahead, Everest Group’s forward strategy centers on further scaling its specialty and reinsurance franchises while maintaining capital discipline in a competitive market. Management expects midyear renewals—especially in the Florida property market—to present both opportunities and challenges as pricing softens but demand remains strong. Williamson stated, “We will continue to deploy capacity where the math works and pull back where it does not,” reflecting a cautious approach to market shifts. The transition of the retail business to AIG is expected to unlock additional capital, and management is closely monitoring loss trends—particularly in U.S. casualty lines—while investing in technology and talent to support underwriting excellence. The company’s increased quarterly share repurchase floor also signals a continued focus on returning capital to shareholders as market and portfolio dynamics evol...

Image source: The Motley Fool. April 30, 2026, at 8:00 a.m. ET Chief Executive Officer — James Williamson Chief Financial Officer — Mark Kociancic Head of Investor Relations — Matthew Rohrmann James Williamson: Thanks, Matt, and good morning, everyone. This is the first quarter reporting under the new segment structure we previously announced, and the early read is consistent with what we committed to, a more focused, more profitable, more capital-efficient Everest. Both core businesses contributed meaningful underwriting income, investment income remained a durable earnings engine, and we accelerated capital return to shareholders. There is more work to do, but the quarter offers clear evidence of the strength in our lead market reinsurance treaty franchise and that the strategic reset within our new Global Wholesale & Specialty segment is beginning to take hold in the numbers. Group operating income for the quarter was $648 million, producing a net operating return on equity of 16.7%, and an annualized total shareholder return of 16.1%. This performance was delivered despite a more challenging market environment. The combined ratio was 91.2% with $130 million of pretax catastrophe losses net of recoveries and reinstatement premium, including a $58 million provision for the conflict in Iran. Excluding the Legacy segment, the combined ratio for the quarter was 89.3%. Net investment income was $567 million supported by fixed income portfolio growth and strong limited partnership returns. Gross written premium was $3.6 billion, down year-over-year 18%, largely due to the completed exit of our commercial retail insurance business and continued runoff of legacy U.S. casualty exposures. Excluding the impact of divestitures and deliberate runoff, underlying premium declined 6.4%. Consistent with the strategy we laid out in October, we will continue to prioritize profitability and shareholder return over top line volume, and Q1 is a clear example of that philosophy at work. Treaty Reinsurance delivered an excellent quarter, generating $315 million of underwriting income on an 87.2% combined ratio. Gross written premium was $2.7 billion, down 8.9% year-over-year, driven primarily by continued casualty discipline, and selective reductions where pricing or structure did not meet our return thresholds. Since January 2024, we have reduced casualty premium by more than $...

Everest Group, Ltd. EG reported first-quarter 2026 operating income of $16.08 per share, which beat the Zacks Consensus Estimate by 14.6%. The bottom line increased significantly 149% year over year. Everest Group benefited from solid investment income growth and improved catastrophe losses, which driving a sharp improvement in profitability despite weaker premiums and top-line pressure. Total operating revenues of about $4 billion declined 4.6% year over year, reflecting lower premiums. The top line missed the Zacks Consensus Estimate by 7.7%. Everest Group, Ltd. price-consensus-eps-surprise-chart | Everest Group, Ltd. Quote Gross written premiums fell 18.5% year over year to $3.6 billion, reflecting an 8.5% decline in Reinsurance Treaty, partially offset by growth in Global Wholesale &Specialty. Our estimate was $4.8 billion. Net investment income rose 15.5% year over year to $567 million, driven by a larger asset base and strong alternative investment returns. The figure exceeded our estimate of $491 million and the Zacks Consensus Estimate of $513 million. Total claims and expenses declined 17% to $3.3 billion, primarily due to lower incurred losses and loss adjustment expenses, commissions, brokerage, taxes and fees. Our estimate was $3.7 billion. Underwriting income totaled $316 million in contrast to an underwriting loss of $104 million in the year-ago quarter. Pre-tax catastrophe losses, net of recoveries and reinstatement premiums, were $130 million, narrower than $472 million a year ago. The combined ratio improved 1160 basis points year over year to 91.2. The Zacks Consensus Estimate was 94.2, while our estimate was 93.9. Reinsurance Treaty segment generated gross written premiums of $2.7 billion, down 8.5% year over year and below our estimate of $3.6 billion. The decline reflected lower volumes in Property Non-Catastrophe XOL, Casualty Pro-Rata and Casualty XOL, which were offset by growth in Property Catastrophe XOL and Financial Lines. The segment’s combined ratio improved to 87.2 from 104.7 a year ago. Our estimate was 91. Global Wholesale & Specialty segment posted gross written premiums of $793 million, up 1.6% year over year. Higher premiums in Accident and Health and Other Specialty were offset by declines in Property / Short Tail, Specialty Casualty, Professional Liability and Workers' Compensation. The combined ratio improved 110 basis...

Strong Q1 earnings but elevated catastrophe impact: Everest reported $648 million of group operating income (net income $653M) driven by $316M underwriting and $567M net investment income, while a 91.2% combined ratio included $130M of pre-tax catastrophe losses (including a $58M Iran provision) and gross written premium fell 18% as the firm prioritizes profitability over top-line growth. Reinsurance discipline and pricing trends: Treaty reinsurance produced $315M of underwriting income on an 87.2% combined ratio as Everest cut casualty premium by over $1.2B since January 2024 and noted April 1 property catastrophe rates softened ~13% globally, with competitive mid-year renewals expected and selective deployment in Florida. Capital, reserves and leadership moves: Everest repurchased $331M of shares in the quarter (plus $100M in April) and raised its quarterly repurchase floor to $300M, reported a robust reserve position though the Baltimore Bridge loss may require "a few tens of millions" more, saw net investment income buoyed by alternatives, and announced CFO Mark Kociancic will retire after this call. Interested in Everest Group, Ltd.? Here are five stocks we like better. A Quiet Outperformer With a Catastrophe Caveat Everest Group (NYSE:EG) reported first-quarter 2026 results that management framed as an early confirmation of the company’s new segment structure and strategic shift toward a “more focused, more profitable, more capital-efficient” platform. President and CEO Jim Williamson said both core businesses generated “meaningful underwriting income,” while investment income remained “a durable earnings engine” and capital return accelerated. “There is more work to do,” Williamson added, pointing to a more competitive market backdrop and ongoing U.S. legal and loss trend uncertainty. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss REITs Set for a 2026 Rebound? 7 Top Picks as Rate Cuts Approach Williamson said group operating income was $648 million, translating to a net operating return on equity of 16.7% and an annualized total shareholder return of 16.1%. CFO Mark Kociancic said operating earnings per share were $16.08, driven by underwriting income of $316 million and net investment income of $567 million, with net income of $653 million. The company reported a 91.2% combined ratio, including $130 million of pre-tax catastrophe losses (...

Everest Group (EG) reported $4.07 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 4.6%. EPS of $16.08 for the same period compares to $6.45 a year ago. The reported revenue represents a surprise of -7.72% over the Zacks Consensus Estimate of $4.41 billion. With the consensus EPS estimate being $14.03, the EPS surprise was +14.63%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Everest Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Commission and brokerage ratio - Consolidated: 23.1% versus the four-analyst average estimate of 22.2%. Total Loss ratio - Consolidated: 62% versus 65.2% estimated by four analysts on average. Combined ratio - Consolidated: 91.2% versus 94.2% estimated by four analysts on average. Revenues- Net investment income: $567 million compared to the $513.22 million average estimate based on four analysts. The reported number represents a change of +15.5% year over year. Revenues- Premiums earned: $3.57 billion versus the four-analyst average estimate of $3.83 billion. The reported number represents a year-over-year change of -7.2%. Revenues- Other income (expense): $-63 million versus $-56.5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -13.7% change. View all Key Company Metrics for Everest Group here>>> Shares of Everest Group have returned +6.2% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Everest Group, Ltd. (EG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks....

Everest Group (EG) came out with quarterly earnings of $16.08 per share, beating the Zacks Consensus Estimate of $14.03 per share. This compares to earnings of $6.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.63%. A quarter ago, it was expected that this reinsurance company would post earnings of $13.36 per share when it actually produced earnings of $13.26, delivering a surprise of -0.75%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Everest Group, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $4.07 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 7.72%. This compares to year-ago revenues of $4.26 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Everest Group shares have added about 2.3% since the beginning of the year versus the S&P 500's gain of 4.3%. While Everest Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Everest Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1...