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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