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News  ›  The Motley Fool

Why Everest Group Stock Was Wilting This Week

The Motley Fool Logo The Motley Fool By Eric Volkman
Why Everest Group Stock Was Wilting This Week

Everest Group experienced a significant stock decline after reporting disappointing Q3 earnings, with operating income dropping nearly 50% and missing analyst expectations. The company's combined ratio increased, indicating less profitable underwriting operations.

Insights
AAPL   positive

Invested $500M in MP Materials for recycling facility development, proactively addressing supply chain risks


EG   negative

Missed earnings expectations, 50% drop in operating income, increased combined ratio to 103.4%, and stock price fell over 11% week-to-date