Everest Group, Ltd. (NYSE:EG) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET
Company Participants
Matthew Rohrmann - Senior Vice President & Head, Investor Relations
Juan Andrade - President & Chief Executive Officer
Mark Kociancic - Executive Vice President & Chief Financial Officer
Jim Williamson - Executive Vice President & Chief Operating Officer
Conference Call Participants
Yaron Kinar - Jefferies
Gregory Peters - Raymond James
Josh Shanker - Bank of America
Alex Scott - Barclays
Meyer Shields - Keefe Bruyette & Woods
Brian Meredith - UBS
Michael Zaremski - BMO
David Motemaden - Evercore ISI
Hristian Getsov - Wells Fargo Securities
Andrew Kligerman - TD Cowen
Operator
Good day, and welcome to the Everest Group Limited Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] And after today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Matthew Rohrmann, Senior Vice President and Head of Investor Relations. Please go ahead.
Matthew Rohrmann
Good morning, everyone and welcome to the Everest Group Limited third quarter of 2024 earnings conference call. The Everest executives leading today's call are Juan Andrade, President and CEO; and Mark Kociancic, Executive Vice President and CFO. We are also joined by other members of the Everest management team.
Before we begin, I'll preface the comments by noting that today's call will include forward-looking statements. Actual results may differ materially and we undertake no obligation to publicly update forward-looking statements. Management comments regarding estimates, projections and similar are subject to the risks, uncertainties and assumptions as noted in Everest's SEC filings. Management may also refer to certain non-GAAP financial measures. Available explanation reconciliations to GAAP can be found in the earnings release and financial supplement on our website.
With that, I will turn the call over to Juan.
Juan Andrade
Thank you, Matt. Good morning, everyone. Thank you for joining us. We delivered another successful quarter with strong operating income, driven by healthy underwriting results and investment income. This resulted in an annualized total shareholder return of 19.4% and an annualized operating return on equity of 18.7% year-to-date. These results reflect our underwriting discipline and prudent risk management, which position the company to generate leading returns despite what has already been another year in, which industry catastrophe losses were higher than normal.