Valued at a market cap of $14.5 billion, Everest Group, Ltd. (EG) is a global provider of reinsurance and insurance products through its Insurance and Reinsurance segments. The company offers a wide range of property and casualty, specialty, and commercial insurance solutions across the United States, Europe, and other international markets.
Shares of the Hamilton, Bermuda-based company have lagged behind the broader market over the past 52 weeks. EG stock has increased nearly 12% over this time frame, while the broader S&P 500 Index ($SPX) has returned nearly 19%. Moreover, shares of the company are up 12.2% on a YTD basis, compared to SPX’s nearly 13% gain.