NYSE:EG
NYSE:EGInsurance

How Does Everest Group's (EG) ESOP Share Issuance Reshape Its Capital Allocation Narrative?

Everest Group, Ltd. recently filed a US$164.25 million shelf registration for 500,000 common shares related to its employee stock ownership plan and reported second-quarter results with higher revenues but lower net income year-over-year. In addition, the company updated progress on its long-running buyback initiative, having repurchased over 32.57 million shares since 2004, which could impact its capital and ownership structure. We'll examine how the company’s recent ESOP-related share...