Everest Re Group, Ltd. RE is well-poised for growth owing to new business opportunities, lower combined ratio and improved leverage ratio.
The company has a favorable VGM Score of B. VGM Score helps to identify stocks with the most attractive value, best growth and the most promising momentum.
The stock has seen its estimates for 2022 move up 3.4% in the past 30 days, reflecting analyst optimism.
Premium income of Everest Re got a boost as a result of focus on new business opportunities, improved terms and conditions and rate levels, expanded shares on attractive renewals and high retention rates on existing book, discipline cycle management, strong rate in target classes and improving activity in certain lines of business across its Reinsurance and Insurance segments.
Premium growth, continued focus on expense management and improved underlying combined ratio, loss and expense ratio at both the segments are likely to benefit the