Everest Group dips after Q3 revenue misses estimate

Everest

26/10/2023 18:31

** Shares of Everest Group  EG.N  down about 3% to $384.89 
    ** After market close on Wednesday, the Texas-based insurer
reported Q3 rev of $3.51 bln vs. avg analyst estimate of $3.57
bln, according to LSEG IBES data
    ** Co reported Q3 profit of $14.14/shr vs loss of $5.28/shr,
a year earlier
    ** Gross written premiums grew 23.4% while reinsurance unit
grew 32.7% on a constant dollar basis
    ** Up to last close, EG stock up 19.75% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))