Stock Pulse
Everest Group (EG) announced a $2.00 per share dividend payable in March 2025 [1], and a planned leadership transition with the retirement of long-time Chairman Joseph Taranto and the nomination of John Graf as successor [5]. The company appointed John Howard to its Board of Directors, bringing extensive insurance industry experience [3]. Despite a recent stock price jump [2], EG's 2024 net income decreased significantly due to increased loss reserves in the U.S. casualty business, offset by record investment income [6]. While long-term stock performance has been positive, S&P revised their outlook to negative due to the increased reserves and a combined ratio of 102.3% [6]. EG is scheduled to release its Q1 2025 earnings on April 30th, 2025 [4].