Why Everest Group (EG) Shares Are Plunging Today
Update: 2025-10-29
Description
Everest Group's stock plummeted by nearly ten percent on October 29th due to disappointing quarterly earnings, with earnings per share missing expectations by nearly sixty percent and revenue staying flat. The company's underwriting performance worsened, with a combined ratio of one hundred three percent, indicating they paid out more in claims and expenses than they earned in premiums. The stock's significant drop, along with a recent Underperform rating from an analyst, suggests investors are concerned about the company's future performance. Despite the recent setbacks, long-term investors have still seen a significant return on their investment over the past five years.
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