Everest Re Group, Ltd. (RE) Income Statement Analysis

See more : Ultimate Products Plc (ULTP.L) Income Statement Analysis – Financial Results

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)

Industry: Insurance - Reinsurance

Sector: Financial Services

Website: https://www.everestre.com

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

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Everest Re Group to Hold First Quarter 2023 Earnings Conference Call on Tuesday, May 2, 2023

March 29, 2023businesswire.com

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (“Everest”) (NYSE: RE) will hold its first quarter 2023 earnings conference call on Tuesday, May 2, 2023, beginning at 8:00 am Eastern Time. Dial in details can be obtained by completing the registration form...