Everest Group: Writing Insurance On An Insurance Company For 14% Yield

Naeblys/iStock via Getty Images In our previous coverage of Everest Group, Ltd. ( EG ), we highlighted that we had continued to stay out of a direct play on the shares. Our rationale was that the income statement was fantastic, but Naeblys/iStock via Getty Images In our previous coverage of Everest Group, Ltd. ( EG ), we highlighted that we had continued to stay out of a direct play on the shares. Our rationale was that the income statement was fantastic, but Analyst’s Disclosure: I/we have a beneficial long position in the shares of EG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Preview: ~229 words