New York, New York--(Newsfile Corp. - October 30, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Everest Group, Ltd. ("Everest" or the "Company") (NYSE: EG) on behalf of investors that purchased or otherwise acquired Everest common stock between February 8, 2024 and October 27, 2025 (the "Class Period").

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If you are an investor in Everest and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than December 28, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

This securities fraud action is alleged to arise from Everest's aggressive expansion of its U.S. casualty insurance business and Defendants' false assurances that the Company had adequately managed the resulting risks.

According to the complaint, the truth started to emerge on October 30, 2024, when Everest released its third quarter results and disclosed that loss activity in its U.S. casualty business had "definitely spiked." On this news, Everest's stock price fell $24.39 per share, or 6.4%, to close at $355.61 per share on October 31 2024.

According to the complaint, the truth further emerged on October 27, 2025 when Everest disclosed $478 million in unfavorable prior-year reserve development, driven principally by adverse development in U.S. casualty losses from accident years 2022 through 2024. The Company allegedly also entered into an agreement providing $1.2 billion in protection against further adverse development on approximately $5.4 billion of North American Insurance. Following these disclosures, Everest's stock price fell $39.07 per share, or 11.4%, from $343.98 on October 27 to close at $304.91 on October 28, 2025.

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https://www.kaplanfox.com/case/everest-group-eg-class-action/

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Source: Kaplan Fox & Kilsheimer LLP