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RE

336.76USD+6.17(+1.87%)Market Closed

Everest Re Group Ltd

Market Summary

USD336.76+6.17Market Closed
1.87%

RE Alerts

RE Stock Price

RSI Chart

Valuation

Market Cap

12.7B

Price/Earnings

16.3

Price/Sales

1.08

Price/Cashflow

3.36

MarketCap/EBT

15.21

Price/Sales

Profitability

EBT Margin

7.08%

Return on Equity

8.78%

Return on Assets

2.05%

Fundamentals

Revenue

Revenue (TTM)

11.8B

Revenue Y/Y

-7.87%

Revenue Q/Q

-2.13%

Earnings

Earnings (TTM)

777.6M

Earnings Y/Y

-81.97%

Earnings Q/Q

-58.81%

Price Action

52 Week Range

243.33340.66
(Low)(High)

Last 7 days

1.2%

Last 30 days

1.6%

Last 90 days

20.3%

Trailing 12 Months

29.1%

Financial Health

Investor Care

Dividend Yield

1.97%

Dividend/Share (TTM)

6.33

Buy Backs (1Y)

1.16%

Diluted EPS (TTM)

19.69

Peers (Alternatives to Everest Re Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
75.8B
45.5B
3.44% 37.45%
88.97
1.57
5.36% -78.95%
43.2B
58.9B
6.51% 14.63%
3.4
0.76
23.70% 146.04%
42.6B
36.3B
2.97% 26.92%
12.71
1.18
6.01% -7.78%
34.2B
50.8B
0.92% 20.30%
35.26
0.68
4.61% -107.01%
23.3B
22.2B
1.69% 12.09%
11.93
1.05
1.19% -10.03%
12.7B
11.8B
1.60% 29.06%
16.3
1.08
5.22% -41.47%
12.2B
6.9B
-3.42% 15.05%
11.87
1.84
-7.39% -58.10%
11.4B
11.7B
0.57% 29.95%
32.11
0.97
8.99% -61.35%
MID-CAP
6.8B
6.1B
3.27% 14.86%
-7.36
1.15
9.56% -1967.02%
3.5B
789.0M
11.78% -9.41%
-4.09
4.2
-80.45% -142.39%
2.2B
298.6M
-21.70% -21.17%
46.77
7.21
53.72% 302.27%
SMALL-CAP
1.6B
1.4B
-4.18% -1.53%
27.25
1.18
1.22% -62.42%
1.2B
1.1B
-9.77% -16.26%
30.02
1.01
8.08% -85.91%
935.9M
795.3M
2.09% -8.23%
-12.94
1.19
4.68% 58.15%

Financials for Everest Re Group

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue1.4%10,46410,31710,55910,40611,507
Earnings Before Taxes-37.6%5208331,4741,5461,165
Net Income-41.8%7781,3351,3791,012
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.6%38,14437,90837,98738,18536,606
    Cash Equivalents-20.7%1,6792,1161,7781,4411,068
Liabilities5.0%30,49529,05528,45928,04626,627
Shareholder's Equity-13.6%7,6498,8539,52810,1399,979
  Retained Earnings-3.2%11,61011,99411,93611,70011,330
  Additional Paid-In Capital0.5%2,2842,2722,2742,266-
Shares Outstanding-0.1%7070707070
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-1.2%3,7233,7673,7753,8333,474
  Share Based Compensation0.7%4545444343
Cashflow From Investing-13.5%-3,963.25-3,493.18-3,834.77-3,868.96-4,055.81
Cashflow From Financing12.9%795704689674724
  Dividend Payments1.4%252249246247248
  Buy Backs-54.3%85186203225200

Risks

What is the probability of a big loss on RE?

40%


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.

Returns

Cumulative Returns on RE

14.5%


10-Year Cumulative Returns

11.4%


7-Year Cumulative Returns

12.6%


5-Year Cumulative Returns

10.5%


3-Year Cumulative Returns

What are the long-term rolling returns for RE?

FIve years rolling returns for Everest Re Group.

Which funds bought or sold RE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
206,000
206,000
0.21%
2022-11-23
Toroso Investments, LLC
ADDED
1.52
-33,000
629,000
0.03%
2022-11-22
CVA Family Office, LLC
-
-
-1,000
7,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
975,000
975,000
0.01%
2022-11-22
Coombe, Bender & Co LLC
-
-
-1,481,000
-
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-1,300,000
17,074,000
0.03%
2022-11-18
Alamar Capital Management, LLC
REDUCED
-10.52
-404,000
2,084,000
2.34%
2022-11-17
M&T Bank Corp
-
-
750,000
1,102,000
-%
2022-11-17
CENTRAL TRUST Co
ADDED
39.79
59,000
250,000
0.01%
2022-11-16
Kentucky Retirement Systems Insurance Trust Fund
ADDED
4.83
-7,000
371,000
0.03%

1–10 of 46

Latest Funds Activity

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

Everest Re Group News

MarketWatch

Everest Re Group Ltd. stock outperforms market on strong trading day.14 hours ago

RE Fair Value

Recent SEC filings of Everest Re Group

View All Filings
Date Filed Form Type Document
Nov 22, 2022
4
Insider Trading
Nov 21, 2022
4
Insider Trading
Nov 21, 2022
4
Insider Trading
Nov 21, 2022
4
Insider Trading
Nov 16, 2022
8-K
Current Report
Nov 09, 2022
4
Insider Trading
Nov 04, 2022
4
Insider Trading
Nov 04, 2022
4
Insider Trading
Nov 03, 2022
10-Q
Quarterly Report
Nov 02, 2022
4
Insider Trading

Latest Insider Trading transactions for RE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-19
Mukherjee Sanjoy
SOLD FOR TAXES
-84,226
322.705
-261
ExecVP, Gen Counsel, Secretary
2022-11-18
KOCIANCIC MARK
SOLD FOR TAXES
-692,107
322.06
-2,149
EVP & CFO
2022-11-18
WILLIAMSON JAMES ALLAN
SOLD FOR TAXES
-190,660
322.06
-592
EVP, Chief Operating Officer
2022-11-17
Mukherjee Sanjoy
SOLD
-222,166
317.38
-700
ExecVP, Gen Counsel, Secretary
2022-11-02
GALTNEY WILLIAM F JR
SOLD
-1,303,700
325.925
-4,000
-
2022-11-02
WEBER JOHN A
SOLD
-429,910
322.03
-1,335
-
2022-10-31
WEBER JOHN A
SOLD
-519,707
323
-1,609
-
2022-10-31
Singer Roger M.
SOLD
-477,240
318.16
-1,500
-
2022-10-31
WEBER JOHN A
SOLD
-772,293
323
-2,391
-
2022-09-18
Andrade Juan C
SOLD (Taxes)
-1,107,480
282.591
-3,919
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

2022-09-30
Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:    
Premiums earned$ 3,067$ 2,656$ 8,775$ 7,603
Net investment income151293620960
Net gains (losses) on investments:    
Credit allowances on fixed maturity securities(5)(7)(18)(30)
Gains (losses) from fair value adjustments(136)(5)(462)128
Net realized gains (losses) from dispositions128(39)41
Total net gains (losses) on investments(129)(4)(519)139
Other income (expense)(16)(20)(71)44
Total revenues3,0732,9258,8058,746
CLAIMS AND EXPENSES:    
Incurred losses and loss adjustment expenses2,6232,2746,2895,572
Commission, brokerage, taxes and fees6415641,8771,611
Other underwriting expenses169141500424
Corporate expenses16184546
Interest, fees and bond issue cost amortization expense25167447
Total claims and expenses3,4743,0138,7857,700
INCOME (LOSS) BEFORE TAXES(401)(88)201,046
Income tax expense (benefit)(82)(14)(81)97
NET INCOME (LOSS)(319)(73)101948
Other comprehensive income (loss), net of tax:    
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period(712)(100)(2,260)(304)
Reclassification adjustment for realized losses (gains) included in net income (loss)41(1)61(3)
Total URA(D) on securities arising during the period(671)(101)(2,199)(308)
Foreign currency translation adjustments(101)(54)(163)(29)
Reclassification adjustment for amortization of net (gain) loss included in net income (loss)1226
Total benefit plan net gain (loss) for the period1226
Total other comprehensive income (loss), net of tax(771)(153)(2,360)(331)
COMPREHENSIVE INCOME (LOSS)$ (1,090)$ (227)$ (2,259)$ 617
EARNINGS PER COMMON SHARE:    
Per common share net income (loss): Basic$ (8.22)$ (1.88)$ 2.57$ 23.74
Per common share net income (loss): Diluted$ (8.22)$ (1.88)$ 2.57$ 23.72

RE Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
ASSETS:  
Fixed maturities - available for sale, at fair value (amortized cost: 2022, $23,204; 2021, $22,064, credit allowances: 2022, $(38); 2021, $(30))$ 21,009$ 22,308
Fixed maturities - held to maturity, at amortized cost, net of credit allowances (fair value: 2022, $817, credit allowances: 2022, $(9))837
Equity securities, at fair value1,3011,826
Short-term investments (cost: 2022, $611; 2021, $1,178)6111,178
Other invested assets3,0792,920
Cash1,6791,441
Total investments and cash28,51629,673
Accrued investment income200149
Premiums receivable3,4523,294
Reinsurance recoverables2,2402,053
Funds held by reinsureds893869
Deferred acquisition costs867872
Prepaid reinsurance premiums556515
Income taxes5442
Other assets876757
TOTAL ASSETS38,14438,185
LIABILITIES:  
Reserve for losses and loss adjustment expenses21,22219,009
Future policy benefit reserve3436
Unearned premium reserve4,7954,610
Funds held under reinsurance treaties1818
Other net payable to reinsurers511450
Losses in course of payment110261
Senior notes2,3472,346
Long term notes218224
Borrowings from FHLB519519
Accrued interest on debt and borrowings3917
Unsettled securities payable13417
Other liabilities548540
Total liabilities30,49528,046
Commitments and contingencies (Note 7)
SHAREHOLDERS' EQUITY:  
Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding
Common shares, par value: $0.01; 200.0 shares authorized; (2022) 69.9 and (2021) 69.8 outstanding before treasury shares11
Additional paid-in capital2,2932,274
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $(269) at 2022 and $27 at 2021(2,348)12
Treasury shares, at cost; 30.8 shares (2022) and 30.5 shares (2021)(3,907)(3,847)
Retained earnings11,61011,700
Total shareholders' equity7,64910,139
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 38,144$ 38,185