EG rose after agreeing to sell its Chile insurance operations to AIG, extending its post-Q3 rebound.
Unusual Price Movement
EG rose after agreeing to sell its Chile insurance operations to AIG, extending its post-Q3 rebound.
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EG rose on heavy volume after Everest agreed to sell its Chile insurance operations to AIG, a new portfolio action that adds to investors' reassessment of the company after Q3. The stock also continued its post-earnings rebound around the reserve strengthening, investment income, and capital-return outlook, while reinsurance peers traded higher despite the broader market decline.
EG rose on heavy volume after Everest agreed to sell its Chile insurance operations to AIG, a new portfolio action that adds to investors' reassessment of the company after Q3. The stock also continued its post-earnings rebound around the reserve strengthening, investment income, and capital-return outlook, while reinsurance peers traded higher despite the broader market decline.