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Everest Re Group Ltd Stock Research

RE

350.06USD-9.89(-2.75%)Delayed

Market Summary

USD350.06-9.89
Delayed
-2.75%

RE Stock Price

RE RSI Chart

RE Valuation

Market Cap

24.5B

Price/Earnings (Trailing)

41.05

Price/Sales (Trailing)

1.97

EV/EBITDA

28.62

Price/Free Cashflow

6.26

RE Price/Sales (Trailing)

RE Profitability

EBT Margin

4.88%

Return on Equity

7.07%

Return on Assets

1.49%

Free Cashflow Yield

15.97%

RE Fundamentals

RE Revenue

Revenue (TTM)

12.4B

Revenue Y/Y

13.45%

Revenue Q/Q

0.95%

RE Earnings

Earnings (TTM)

597.0M

Earnings Y/Y

15.08%

Earnings Q/Q

255.49%

Price Action

52 Week Range

243.33395.00
(Low)(High)

Last 7 days

-7.0%

Last 30 days

-5.1%

Last 90 days

-9.3%

Trailing 12 Months

26.8%

RE Financial Health

RE Investor Care

Dividend Yield

1.89%

Dividend/Share (TTM)

6.6

Shares Dilution (1Y)

0.03%

Diluted EPS (TTM)

16.82

Peers (Alternatives to Everest Re Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
80.9B
52.1B
-4.00% 10.00%
112.13
1.63
6.08% -60.84%
39.8B
37.8B
-2.45% 0.63%
14.22
1.05
6.99% -29.09%
39.6B
51.6B
6.42% -4.08%
3.86
0.7
-3.37% -38.13%
28.8B
52.9B
-3.97% -15.88%
-12.04
0.54
4.73% -167.90%
24.5B
12.4B
-5.12% 26.78%
41.05
1.97
3.58% -56.71%
23.3B
22.9B
0.31% -2.34%
11.93
1.05
1.76% -25.56%
11.4B
-
0.57% 29.95%
32.11
0.97
- -
9.7B
7.2B
-4.93% -11.85%
11.83
1.35
8.46% -56.06%
MID-CAP
8.3B
6.5B
-8.64% 24.01%
-80.86
1.27
18.12% 27.70%
3.9B
1.6B
3.06% 6.01%
-21.91
2.4
- -308.14%
SMALL-CAP
1.4B
1.4B
-0.16% -25.99%
-529.92
1
2.59% -108.90%
1.2B
338.2M
-4.28% -23.19%
21.71
3.53
22.24% 25.58%
990.7M
1.1B
-31.02% -46.30%
-2.5K
0.9
-7.68% -102.27%
758.8M
847.3M
6.72% -22.00%
24.98
0.9
7.01% 151.37%

Financials for Everest Re Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue3.2%12,44912,06011,92411,77612,018
  S&GA Expenses2.2%2,5832,5282,4752,3982,325
EBITDA14.3%6866009121,537-
EBITDA Margin13.0%0.06*0.05*0.09*0.13*-
Earnings Before Taxes18.0%6945885208331,474
EBT Margin11.8%0.05*0.04*0.08*0.12*-
Interest Expenses7.9%10698.0080.0079.0062.00
Net Income12.1%5975327781,336-
Net Income Margin10.9%0.05*0.04*0.08*0.11*-
Free Cahsflow-0.7%3,6953,7223,7673,775-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets4.7%41,83939,96638,14437,90837,987
    Cash Equivalents15.2%1,6101,3981,6792,1161,778
Liabilities4.1%32,82531,52530,49529,05528,459
Shareholder's Equity6.8%9,0148,4417,6498,8539,528
  Retained Earnings2.5%12,34212,04211,61011,99411,936
  Additional Paid-In Capital-0.3%2,2952,3022,2932,2842,272
Shares Outstanding0.1%70.0070.0070.0070.0070.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations5.9%3,9133,6953,7223,7673,775
  Share Based Compensation0.2%45.0045.0045.0044.0044.00
Cashflow From Investing-9.7%-3,748-3,418-3,963-3,493-3,834
Cashflow From Financing-2.6%-368-359795704689
  Dividend Payments1.5%259255252249246
  Buy Backs-2.2%60.0061.0085.00186203

Risks for RE

What is the probability of a big loss on RE?

30.8%


Probability that Everest Re Group stock will be more than 20% underwater in next one year

19.2%


Probability that Everest Re Group stock will be more than 30% underwater in next one year.

16.5%


Probability that Everest Re Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Everest Re Group was unfortunately bought at previous high price.

Drawdowns

Returns for RE

Cumulative Returns on RE

13.2%


10-Year Cumulative Returns

12.6%


7-Year Cumulative Returns

11.6%


5-Year Cumulative Returns

22.3%


3-Year Cumulative Returns

What are the long-term rolling returns for RE?

FIve years rolling returns for Everest Re Group.

Annualized Returns

Which funds bought or sold RE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Front Row Advisors LLC
reduced
-60.00
-4,000
3,000
-%
2023-05-23
Toroso Investments, LLC
new
-
1,774,000
1,774,000
0.03%
2023-05-23
BROOKFIELD Corp /ON/
sold off
-100
-8,113,130
-
-%
2023-05-22
American Trust
added
8.92
144,730
961,642
0.07%
2023-05-22
AMERIPRISE FINANCIAL INC
added
47.84
35,855,100
96,464,100
0.03%
2023-05-19
CHELSEA COUNSEL CO
unchanged
-
937
12,531
0.01%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-3.21
950,000
21,568,000
0.03%
2023-05-18
JPMORGAN CHASE & CO
reduced
-3.48
742,543
17,925,500
-%
2023-05-18
SkyView Investment Advisors, LLC
new
-
1,000
1,000
-%
2023-05-18
CENTAURUS FINANCIAL, INC.
reduced
-7.09
2,000
343,000
0.03%

1–10 of 43

Latest Funds Activity

Are funds buying RE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own RE
No. of Funds

Everest Re Group News

MarketBeat
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4 days ago
Investor's Business Daily
Insurance Business
Everest Re Group announces name change.
Insurance Business,
8 days ago

Schedule 13G FIlings of Everest Re Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
boston partners
5.22%
2,043,090
SC 13G/A
Feb 09, 2023
vanguard group inc
12.40%
4,857,673
SC 13G/A
Jan 31, 2023
blackrock inc.
7.4%
2,899,304
SC 13G/A
Jan 20, 2023
state street corp
4.79%
1,877,172
SC 13G/A
Jan 20, 2023
state street corp
4.79%
1,877,172
SC 13G/A
Feb 11, 2022
boston partners
5.59%
2,201,704
SC 13G/A
Feb 11, 2022
capital international investors
3.2%
1,244,971
SC 13G/A
Feb 11, 2022
state street corp
5.00%
1,969,769
SC 13G/A
Feb 03, 2022
blackrock inc.
7.1%
2,792,385
SC 13G/A
Feb 16, 2021
capital international investors
5.8%
2,316,349
SC 13G

RE Fair Value

Everest Re Group fair value in different scenarios

The table shows the Fair Value estimates for Everest Re Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

277.29

-20.79%

348.31

-0.50%

471.95

34.82%

620.51

77.26%

758.13

116.57%
Current Inflation

254.25

-27.37%

314.53

-10.15%

417.65

19.31%

541.42

54.66%

655.92

87.37%
Very High Inflation

225.93

-35.46%

273.86

-21.77%

353.87

1.09%

450.02

28.56%

538.85

53.93%

Historical Everest Re Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Everest Re Group

View All Filings
Date Filed Form Type Document
May 19, 2023
8-K
Current Report
May 18, 2023
424B2
Prospectus Filed
May 18, 2023
8-K
Current Report
May 16, 2023
424B2
Prospectus Filed
May 04, 2023
10-Q
Quarterly Report
May 01, 2023
8-K
Current Report
Apr 17, 2023
ARS
ARS
Apr 14, 2023
DEF 14A
DEF 14A
Apr 05, 2023
4
Insider Trading
Mar 27, 2023
8-K
Current Report

Latest Insider Trading transactions for RE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-03
HARTZBAND MERYL D
acquired
30,989
360
86.00
-
2023-03-15
Andrade Juan C
sold (taxes)
-1,189,490
340
-3,494
president and ceo
2023-03-15
Mukherjee Sanjoy
acquired
395,249
340
1,161
execvp, gen counsel, secretary
2023-03-15
KARMILOWICZ MIKE
acquired
268,266
340
788
evp, pres/ceo insurance div
2023-03-15
KARMILOWICZ MIKE
sold (taxes)
-137,197
340
-403
evp, pres/ceo insurance div
2023-03-15
Mukherjee Sanjoy
sold (taxes)
-130,728
340
-384
execvp, gen counsel, secretary
2023-03-15
Andrade Juan C
acquired
2,325,200
340
6,830
president and ceo
2023-02-27
Mukherjee Sanjoy
sold (taxes)
-42,215
383
-110
execvp, gen counsel, secretary
2023-02-27
KARMILOWICZ MIKE
sold (taxes)
-49,890
383
-130
evp, pres/ceo insurance div
2023-02-26
Andrade Juan C
sold (taxes)
-265,956
383
-693
president and ceo

1–10 of 50

Juan C. Andrade
1950
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.

RE Income Statement

2023-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:  
Premiums earned$ 3,100$ 2,792
Net investment income260243
Net gains (losses) on investments:  
Credit allowances on fixed maturity securities(8)(12)
Gains (losses) from fair value adjustments4(137)
Net realized gains (losses) from dispositions8(5)
Total net gains (losses) on investments5(154)
Other income (expense)(79)15
Total revenues3,2862,896
CLAIMS AND EXPENSES:  
Incurred losses and loss adjustment expenses1,9661,790
Commission, brokerage, taxes and fees661605
Other underwriting expenses200161
Corporate expenses1914
Interest, fees and bond issue cost amortization expense3224
Total claims and expenses2,8782,594
INCOME (LOSS) BEFORE TAXES408302
Income tax expense (benefit)434
NET INCOME (LOSS)365298
Other comprehensive income (loss), net of tax:  
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period246(815)
Reclassification adjustment for realized losses (gains) included in net income (loss)34
Total URA(D) on securities arising during the period249(811)
Foreign currency translation adjustments31(34)
Reclassification adjustment for amortization of net (gain) loss included in net income (loss)01
Total benefit plan net gain (loss) for the period01
Total other comprehensive income (loss), net of tax280(844)
COMPREHENSIVE INCOME (LOSS)$ 645$ (547)
EARNINGS PER COMMON SHARE:  
Basic (in dollars per share)$ 9.31$ 7.57
Diluted (in dollars per share)$ 9.31$ 7.56

RE Balance Sheet

2023-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS:  
Fixed maturities - available for sale, at fair value (amortized cost: 2023, $25,247; 2022, $24,191, credit allowances: 2023, $(62); 2022, $(54))$ 23,560$ 22,236
Fixed maturities - held to maturity, at amortized cost (fair value: 2023, $814; 2022, $821, net of credit allowances: 2023, $(9); 2022, $(9))825839
Equity securities, at fair value250281
Other invested assets4,1564,085
Short-term investments1,0341,032
Cash1,6101,398
Total investments and cash31,43529,872
Accrued investment income235217
Premiums receivable (net of credit allowances: 2023, $(30); 2022, $(29))3,9223,619
Reinsurance paid loss recoverables (net of credit allowances: 2023, $(24); 2022, $(23))182136
Reinsurance unpaid loss recoverables2,1252,105
Funds held by reinsureds1,0711,056
Deferred acquisition costs1,011962
Prepaid reinsurance premiums611610
Income tax asset, net387459
Other assets (net of credit allowances: 2023, $(7); 2022, $(5))860930
TOTAL ASSETS41,83939,966
LIABILITIES:  
Reserve for losses and loss adjustment expenses22,87822,065
Future policy benefit reserve2929
Unearned premium reserve5,4185,147
Funds held under reinsurance treaties1013
Other net payable to reinsurers618567
Losses in course of payment12374
Senior notes2,3482,347
Long-term notes218218
Borrowings from FHLB519519
Accrued interest on debt and borrowings4119
Unsettled securities payable2011
Other liabilities422526
Total liabilities32,82531,525
Commitments and contingencies
SHAREHOLDERS' EQUITY:  
Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding00
Common shares, par value: $0.01; 200.0 shares authorized; (2023) 70.0 and (2022) 69.9 outstanding before treasury shares11
Additional paid-in capital2,2952,302
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $(218) at 2023 and $(250) at 2022(1,716)(1,996)
Treasury shares, at cost; 30.8 shares (2023) and 30.8 shares (2022)(3,908)(3,908)
Retained earnings12,34212,042
Total shareholders' equity9,0148,441
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 41,839$ 39,966