-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：我们将EG的12个月目标价上调15美元至365美元，基于我们2026年每股收益预期53.16美元（今日下调0.99美元）的7倍市盈率，以及2027年每股收益预期60.65美元的6倍市盈率，低于过去一年的平均远期市盈率6倍和同业平均市盈率8.6倍。我们承认EG的估值相对于同业存在折价，这反映了其重组情况。因此，我们预计2026年营收将持平或下降5%。第一季度每股收益为16.08美元，高于去年同期的6.45美元，也高于我们此前15.27美元的预期和13.96美元的市场普遍预期。营业收入下降4.4%，其中已赚保费下降7.2%，投资收益增长15%，而综合比率则从102.7%大幅改善至91.2%。我们赞赏EG的重组，包括出售其零售商业保险业务的续保权，以专注于其核心再保险业务。EG预计2025年至2026年将产生2.5亿至3.5亿美元的税前费用。鉴于EG承保业绩喜忧参半，我们担心转型为纯粹的再保险公司可能不会提升其估值倍数。
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