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Complete financial analysis of Everest Re Group, Ltd. (RE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Everest Re Group, Ltd., a leading company in the Insurance – Reinsurance industry within the Financial Services sector.
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Everest Re Group, Ltd. (RE)
About Everest Re Group, Ltd.
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in Bermuda, Canada, Europe, South America, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. Everest Re Group, Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.59B | 11.99B | 11.30B | 9.49B | 8.23B | 7.38B | 6.61B | 5.79B | 5.84B | 5.79B | 5.64B | 4.92B | 4.69B | 4.71B | 4.50B | 3.53B | 4.78B | 4.52B | 4.56B | 5.01B | 4.11B | 2.56B | 1.80B | 2.96B | 2.63B | 1.32B | 1.30B | 1.17B | 948.90M |
| Cost of Revenue | -1.00M | 0.00 | 0.00 | 0.00 | 0.00 | 470.28M | 705.67M | 484.52M | 296.00M | 603.02M | 892.74M | 758.21M | 592.66M | 771.21M | 604.48M | -166.72M | 784.55M | 664.10M | 592.00M | 583.59M | 368.84M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 14.59B | 11.99B | 11.30B | 9.49B | 8.23B | 6.91B | 5.90B | 5.31B | 5.54B | 5.19B | 4.75B | 4.16B | 4.10B | 3.93B | 3.89B | 3.69B | 4.00B | 3.85B | 3.96B | 4.43B | 3.74B | 2.56B | 1.80B | 2.96B | 2.63B | 1.32B | 1.30B | 1.17B | 948.90M |
| Gross Profit Ratio | 100.01% | 100.00% | 100.00% | 100.00% | 100.00% | 93.63% | 89.32% | 91.64% | 94.93% | 89.59% | 84.17% | 84.60% | 87.37% | 83.61% | 86.56% | 104.73% | 83.59% | 85.30% | 87.00% | 88.35% | 91.02% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 73.00M | 61.00M | 67.83M | 41.12M | 32.97M | 30.67M | 25.92M | 27.23M | 23.25M | 23.42M | 24.82M | 23.98M | 16.46M | 14.91M | 945.90M | 930.70M | 961.80M | 883.30M | 914.80M | 975.20M | 863.90M | 551.80M | 396.80M | 272.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 950.52M | 931.86M | 928.33M | 930.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 73.00M | 61.00M | 67.83M | 41.12M | 32.97M | 30.67M | 25.92M | 27.23M | 23.25M | 23.42M | 24.82M | 23.98M | 966.98M | 946.77M | 928.33M | 930.69M | 961.80M | 883.30M | 914.80M | 975.20M | 863.90M | 551.80M | 396.80M | 272.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 14.46B | -11.36B | -9.75B | -8.90B | -7.13B | 7.55B | 6.15B | 4.66B | 4.67B | 4.32B | 4.02B | 3.92B | 3.92B | 3.11B | 2.57B | 2.60B | 3.75B | 3.53B | 4.84B | 4.45B | 3.62B | 2.30B | 1.71B | 1.25B | -2.43B | -1.10B | -1.09B | -1.03B | -948.20M |
| Operating Expenses | 12.32B | -11.30B | -9.69B | -8.86B | -7.10B | 7.58B | 6.18B | 4.69B | 4.70B | 4.35B | 4.04B | 3.94B | 4.89B | 4.06B | 3.50B | 3.53B | 3.75B | 3.53B | 4.84B | 4.45B | 3.62B | 2.30B | 1.71B | 1.25B | -2.43B | -1.10B | -1.09B | -1.03B | -948.20M |
| Cost & Expenses | 12.32B | 11.40B | 9.76B | 8.90B | 7.13B | 7.60B | 6.20B | 4.69B | 4.63B | 4.34B | 4.09B | 3.98B | 4.93B | 4.11B | 3.56B | 3.61B | 3.75B | 3.53B | 4.84B | 4.45B | 3.62B | 2.30B | 1.71B | 2.72B | 2.43B | 324.10M | 326.50M | 309.50M | -948.20M |
| Interest Income | 10.00M | 2.00M | 12.32M | 12.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 134.00M | 101.00M | 70.15M | 36.32M | 31.69M | 31.03M | 31.60M | 36.23M | 36.19M | 38.53M | 46.12M | 53.68M | 52.32M | 55.83M | 72.08M | 79.17M | 83.87M | 68.60M | 72.96M | 75.54M | 40.29M | 42.42M | 46.00M | 39.39M | 1.49M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | -2.31B | -790.10M | -1.58B | -608.70M | -1.14B | 213.55M | -465.88M | -1.16B | 50.90M | 49.21M | 66.46M | 61.84M | 47.87M | 46.10M | 32.17M | 15.26M | -8.43M | 21.95M | 27.46M | 24.92M | 10.64M | -7.34M | 152.00K | 112.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -23.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.15B | 0.00 | 1.60B | 993.21M | -181.63M | 647.07M | 1.01B | 10.82M | 1.10B | 1.06B | -207.53M | 635.25M | 542.13M | 297.08M | 136.46M | 271.30M | 198.07M | 212.70M | 207.30M | 143.80M | 700.00K |
| EBITDA Ratio | -0.16% | 5.75% | 14.30% | 6.55% | 13.74% | -2.47% | 7.18% | 20.46% | 20.54% | 25.46% | 29.46% | 21.43% | -2.85% | 14.73% | 23.20% | 0.31% | 23.07% | 23.96% | -3.96% | 13.18% | 13.20% | 11.62% | 7.57% | 9.18% | 7.53% | 16.17% | 15.96% | 12.30% | 0.07% |
| Operating Income | 2.31B | 689.00M | 1.62B | 621.67M | 1.13B | -211.15M | 428.54M | 1.14B | 1.15B | 1.43B | 1.60B | 993.28M | -181.68M | 647.13M | 1.01B | -4.43M | 1.11B | 1.06B | -208.04M | 635.34M | 531.49M | 304.42M | 136.30M | 271.19M | 198.07M | 212.70M | 207.30M | 143.80M | 700.00K |
| Operating Income Ratio | 15.85% | 5.75% | 14.30% | 6.55% | 13.74% | -2.86% | 6.49% | 19.61% | 19.67% | 24.61% | 28.28% | 20.18% | -3.87% | 13.75% | 22.48% | -0.13% | 23.25% | 23.47% | -4.57% | 12.68% | 12.94% | 11.90% | 7.57% | 9.17% | 7.53% | 16.17% | 15.96% | 12.30% | 0.07% |
| Total Other Income/Expenses | -157.50M | -202.10M | -31.08M | -23.35M | -37.15M | -28.63M | -46.47M | -57.43M | 43.82M | -38.53M | -46.12M | -53.68M | -52.27M | -55.83M | -7.01M | -83.61M | 784.56M | -68.61M | -79.96M | -140.53M | -40.28M | -42.37M | -45.96M | -39.44M | -1.49M | 247.20M | 249.40M | 0.00 | 0.00 |
| Income Before Tax | 2.15B | 588.00M | 1.55B | 585.35M | 1.10B | -226.47M | 405.18M | 1.10B | 1.21B | 1.45B | 1.55B | 939.53M | -233.95M | 591.24M | 939.32M | -83.61M | 1.03B | 991.75M | -280.92M | 559.71M | 491.21M | 262.04M | 90.34M | 231.74M | 196.58M | 459.90M | 456.70M | 339.50M | 0.00 |
| Income Before Tax Ratio | 14.77% | 4.91% | 13.68% | 6.17% | 13.35% | -3.07% | 6.13% | 18.98% | 20.70% | 24.97% | 27.57% | 19.09% | -4.98% | 12.56% | 20.88% | -2.37% | 21.50% | 21.95% | -6.17% | 11.17% | 11.96% | 10.25% | 5.01% | 7.84% | 7.47% | 34.97% | 35.15% | 29.03% | 0.00% |
| Income Tax Expense | -363.00M | -9.00M | 166.54M | 71.20M | 89.53M | -330.02M | -63.78M | 103.50M | 134.02M | 187.65M | 289.71M | 110.57M | -153.46M | -19.52M | 132.33M | -64.85M | 188.68M | 150.92M | -62.25M | 64.85M | 65.19M | 30.74M | -8.68M | 45.36M | 38.52M | 47.50M | 52.30M | 31.80M | -700.00K |
| Net Income | 2.52B | 597.00M | 1.38B | 514.00M | 1.01B | 103.55M | 468.97M | 996.34M | 977.87M | 1.20B | 1.26B | 828.95M | -80.49M | 610.75M | 806.99M | -18.76M | 839.28M | 840.83M | -218.67M | 494.86M | 426.03M | 231.30M | 99.02M | 186.38M | 158.06M | 412.40M | 404.40M | 307.70M | 700.00K |
| Net Income Ratio | 17.26% | 4.98% | 12.20% | 5.42% | 12.26% | 1.40% | 7.10% | 17.20% | 16.75% | 20.71% | 22.33% | 16.84% | -1.71% | 12.98% | 17.94% | -0.53% | 17.55% | 18.61% | -4.80% | 9.88% | 10.37% | 9.04% | 5.50% | 6.30% | 6.01% | 31.36% | 31.13% | 26.31% | 0.07% |
| EPS | 60.19 | 15.10 | 34.66 | 12.81 | 24.77 | 2.54 | 11.43 | 23.85 | 22.29 | 26.16 | 25.67 | 15.85 | -1.49 | 10.73 | 13.26 | -0.30 | 13.30 | 12.99 | -3.79 | 8.85 | 7.89 | 4.60 | 2.14 | 4.06 | 3.26 | 8.19 | 8.01 | 6.10 | 0.01 |
| EPS Diluted | 60.24 | 15.10 | 34.62 | 12.78 | 24.70 | 2.53 | 11.36 | 23.68 | 22.10 | 25.91 | 25.44 | 15.79 | -1.49 | 10.70 | 13.22 | -0.30 | 13.19 | 12.87 | -3.79 | 8.71 | 7.74 | 4.52 | 2.10 | 4.02 | 3.25 | 8.14 | 7.97 | 6.07 | 0.01 |
| Weighted Avg Shares Out | 41.34M | 39.00M | 39.26M | 39.66M | 40.29M | 40.77M | 41.03M | 41.78M | 43.87M | 45.84M | 49.06M | 52.30M | 54.02M | 56.92M | 60.86M | 61.67M | 63.12M | 64.72M | 57.65M | 55.92M | 54.02M | 50.33M | 46.17M | 45.87M | 48.51M | 50.37M | 50.48M | 50.45M | 50.80M |
| Weighted Avg Shares Out (Dil) | 41.30M | 39.00M | 39.30M | 39.73M | 40.42M | 40.93M | 41.28M | 42.08M | 44.25M | 46.28M | 49.50M | 52.50M | 54.02M | 57.08M | 61.04M | 61.67M | 63.63M | 65.32M | 57.65M | 56.82M | 55.01M | 51.14M | 47.11M | 46.36M | 48.69M | 50.67M | 50.77M | 50.68M | 50.80M |
Everest Re Group Announces Dividend
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.65 per common share payable on or before June 16, 2023 to all shareholders of record as of May 31, 2023. About Everest Everest...
Everest to Rebrand Company Name and NYSE Ticker to Reflect its Evolution, Global Growth and Diversification Strategy
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE) (“Everest”), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced that following shareholder approval at the Company's Annual General Meeting yesterday, it will change its name...
Everest Re Group, Ltd. Announces Pricing of Public Offering of 3,600,000 Common Shares
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE) (the “Company” or “Everest”) announced today the pricing of an underwritten public offering of 3,600,000 common shares at a price to the public of $360.00 per share, before underwriting discounts and commissions....
Everest Re Group, Ltd. Announces Public Offering of 3,000,000 Common Shares
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE) (the “Company” or “Everest”) announced today that it has commenced an underwritten public offering of 3,000,000 common shares. The underwriters will have the option to purchase up to an aggregate of 450,000...
Compared to Estimates, Everest Re (RE) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Everest Re (RE) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Everest Re Group Reports First Quarter 2023 Results
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (“Everest” or the “Group”) today reported its first quarter 2023 results. First Quarter 2023 Highlights Strong year-over-year improvements in Net Operating Income of $443 million, and Net Income of $365 million driven by continued...
Will Everest Re's (RE) Beat Streak Continue in Q1 Earnings?
Everest Re's (RE) first-quarter results are likely to benefit from diversified growth across most lines of business, an increase in Casualty and Financial Lines, higher new money yields and prudent underwriting.
RE or PGR: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either Everest Re (RE) or Progressive (PGR). But which of these two companies is the best option for those looking for undervalued stocks?
Everest Names Mike Mulray President of North America Insurance
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (“Everest”) (NYSE: RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced the appointment of Mike Mulray as Executive Vice President and President of North America Insurance,...
5 Property & Casualty Insurers to Gain From Better Pricing
Frequent catastrophes accelerating policy renewal rate and the resultant upward pricing pressure are likely to boost the performance of Zacks Property and Casualty Insurance industry players like BRK.B, CB, PGR, RE and KNSL.
Source: https://incomestatements.info
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