Everest Group (EG) Stock News

Everest Group (NYSE: EG) has entered a definitive agreement to sell its Chile insurance operations to AIG (NYSE: AIG), completing the planned exit from Latin American insurance. The company also closed the sale of its Colombia insurance business to AIG. The Chile transaction is expected to close in the first half of 2027, pending regulatory approvals.

A class action lawsuit has been filed against Everest Group (NYSE: EG) alleging the company misled investors about its exposure to casualty risks, reserve adequacy, and earnings. The class period covers February 8, 2024 to October 27, 2025. Lead plaintiff deadline is December 28, 2026.

Everest Group reported Q3 net income of $233 million, or $6.12 per share, down from $255 million a year earlier, as the reinsurer strengthened casualty reserves with $268 million of unfavorable prior-year development. Net operating income was $290 million, or $7.62 per share. Core gross written premium fell 4.0% to $3.7 billion. Net investment income rose to $634 million. Book value per share was $381.04. The company repurchased $474 million of shares in the quarter.