Everest Group Files 8-K on Financial Results & Condition
Ticker: EG · Form: 8-K · Filed: Feb 7, 2024 · CIK: 1095073
| Field | Detail |
|---|---|
| Company | Everest Group, Ltd. (EG) |
| Form Type | 8-K |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, 8-K, insurance
TL;DR
**Everest Group just dropped an 8-K on its financials, time to check their numbers!**
AI Summary
Everest Group, Ltd. filed an 8-K on February 7, 2024, to report its financial results and condition. This filing, under Items 2.02 and 9.01, indicates that the company is disclosing its latest operational performance. For investors, this matters because it provides crucial, up-to-date information about the company's financial health, which can influence stock price and future investment decisions.
Why It Matters
This filing provides investors with the latest financial performance data for Everest Group, Ltd., enabling them to assess the company's health and make informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently present a high risk.
Analyst Insight
Investors should review the full financial statements and exhibits referenced in this 8-K to understand the detailed results of operations and financial condition of Everest Group, Ltd. before making any investment decisions.
Key Players & Entities
- Everest Group, Ltd. (company) — the registrant filing the 8-K
- February 7, 2024 (date) — date of earliest event reported and filing date
- 001-15731 (string) — Commission File Number for Everest Group, Ltd.
- 98-0365432 (string) — IRS Employer Identification No. for Everest Group, Ltd.
- EG (string) — Trading Symbol for Common Shares of Everest Group, Ltd.
FAQ
What is the purpose of this 8-K filing by Everest Group, Ltd.?
This 8-K filing by Everest Group, Ltd. is a Current Report pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934, specifically reporting under Item 2.02, "Results of Operations and Financial Condition," and Item 9.01, "Financial Statements and Exhibits."
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was February 7, 2024.
What is the trading symbol and exchange for Everest Group, Ltd.'s Common Shares?
The Common Shares, $0.01 par value, of Everest Group, Ltd. trade under the symbol EG on the New York Stock Exchange.
What is the state of incorporation for Everest Group, Ltd.?
Everest Group, Ltd. is incorporated in Bermuda.
What is the business phone number for Everest Group, Ltd. as listed in the filing?
The business phone number for Everest Group, Ltd. is 441-295-0006.
Filing Stats: 628 words · 3 min read · ~2 pages · Grade level 12.2 · Accepted 2024-02-07 16:17:31
Key Financial Figures
- $0.01 — change where registered Common Shares, $0.01 par value EG New York Stock Exchange
Filing Documents
- everestre-20240207.htm (8-K) — 30KB
- earningsrelease-exx9914q20.htm (EX-99.1) — 361KB
- everestlogo7102023cropped.jpg (GRAPHIC) — 69KB
- 0001095073-24-000005.txt ( ) — 639KB
- everestre-20240207.xsd (EX-101.SCH) — 2KB
- everestre-20240207_lab.xml (EX-101.LAB) — 25KB
- everestre-20240207_pre.xml (EX-101.PRE) — 13KB
- everestre-20240207_htm.xml (XML) — 3KB
02 DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02 DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION On February 7, 2024, the registrant issued a news release announcing its fourth quarter 2023 results. A copy of that news release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The news release furnished herewith contains information regarding the registrant's operating income (loss). Operating income (loss) differs from net income (loss) attributable to Everest Group, the most directly comparable generally accepted accounting principle financial measure, by the exclusion of net gains (losses) on investments and net foreign exchange income (expense). Management believes that presentation of operating income (loss) provides useful information to investors because it more accurately measures and predicts the registrant's results of operations by removing the variability arising from both the management of the registrant's investment portfolio and the fluctuations of foreign currency exchange rates. In addition, management, analysts and investors use operating income (loss) to evaluate the financial performance of the registrant and the insurance industry in general. In accordance with general instruction B.2 of Form 8-K, the information in this report, including exhibits, is furnished pursuant to Item 2.02 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits Exhibit No. Description 99.1 News Release of the registrant, dated February 7, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EVEREST GROUP, LTD. By: /S/ ROBERT J. FREILING Robert J. Freiling Senior Vice President and Chief Accounting Officer Dated: February 7, 2024 EXHIBIT INDEX Exhibit Number Description of Document Page No. 99.1 News Release of registrant, dated February 7 , 202 4 5 104 Cover Page Interactive Data File (embedded within the Inline XBRL document