Market Summary
USD350.06-9.89
Delayed-2.75%
RE Stock Price
RE RSI Chart
RE Valuation
RE Price/Sales (Trailing)
RE Profitability
RE Fundamentals
RE Revenue
RE Earnings
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
Peers (Alternatives to Everest Re Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 80.9B | 52.1B | -4.00% | 10.00% | 112.13 | 1.63 | 6.08% | -60.84% |
TRV | 39.8B | 37.8B | -2.45% | 0.63% | 14.22 | 1.05 | 6.99% | -29.09% |
AIG | 39.6B | 51.6B | 6.42% | -4.08% | 3.86 | 0.7 | -3.37% | -38.13% |
ALL | 28.8B | 52.9B | -3.97% | -15.88% | -12.04 | 0.54 | 4.73% | -167.90% |
RE | 24.5B | 12.4B | -5.12% | 26.78% | 41.05 | 1.97 | 3.58% | -56.71% |
HIG | 23.3B | 22.9B | 0.31% | -2.34% | 11.93 | 1.05 | 1.76% | -25.56% |
Y | 11.4B | - | 0.57% | 29.95% | 32.11 | 0.97 | - | - |
AFG | 9.7B | 7.2B | -4.93% | -11.85% | 11.83 | 1.35 | 8.46% | -56.06% |
| MID-CAP | ||||||||
RNR | 8.3B | 6.5B | -8.64% | 24.01% | -80.86 | 1.27 | 18.12% | 27.70% |
ESGR | 3.9B | 1.6B | 3.06% | 6.01% | -21.91 | 2.4 | - | -308.14% |
| SMALL-CAP | ||||||||
HMN | 1.4B | 1.4B | -0.16% | -25.99% | -529.92 | 1 | 2.59% | -108.90% |
PLMR | 1.2B | 338.2M | -4.28% | -23.19% | 21.71 | 3.53 | 22.24% | 25.58% |
PRA | 990.7M | 1.1B | -31.02% | -46.30% | -2.5K | 0.9 | -7.68% | -102.27% |
JRVR | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 3.2% | 12,449 | 12,060 | 11,924 | 11,776 | 12,018 |
| S&GA Expenses | 2.2% | 2,583 | 2,528 | 2,475 | 2,398 | 2,325 |
| EBITDA | 14.3% | 686 | 600 | 912 | 1,537 | - |
| EBITDA Margin | 13.0% | 0.06* | 0.05* | 0.09* | 0.13* | - |
| Earnings Before Taxes | 18.0% | 694 | 588 | 520 | 833 | 1,474 |
| EBT Margin | 11.8% | 0.05* | 0.04* | 0.08* | 0.12* | - |
| Interest Expenses | 7.9% | 106 | 98.00 | 80.00 | 79.00 | 62.00 |
| Net Income | 12.1% | 597 | 532 | 778 | 1,336 | - |
| Net Income Margin | 10.9% | 0.05* | 0.04* | 0.08* | 0.11* | - |
| Free Cahsflow | -0.7% | 3,695 | 3,722 | 3,767 | 3,775 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 4.7% | 41,839 | 39,966 | 38,144 | 37,908 | 37,987 |
| Cash Equivalents | 15.2% | 1,610 | 1,398 | 1,679 | 2,116 | 1,778 |
| Liabilities | 4.1% | 32,825 | 31,525 | 30,495 | 29,055 | 28,459 |
| Shareholder's Equity | 6.8% | 9,014 | 8,441 | 7,649 | 8,853 | 9,528 |
| Retained Earnings | 2.5% | 12,342 | 12,042 | 11,610 | 11,994 | 11,936 |
| Additional Paid-In Capital | -0.3% | 2,295 | 2,302 | 2,293 | 2,284 | 2,272 |
| Shares Outstanding | 0.1% | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 5.9% | 3,913 | 3,695 | 3,722 | 3,767 | 3,775 |
| Share Based Compensation | 0.2% | 45.00 | 45.00 | 45.00 | 44.00 | 44.00 |
| Cashflow From Investing | -9.7% | -3,748 | -3,418 | -3,963 | -3,493 | -3,834 |
| Cashflow From Financing | -2.6% | -368 | -359 | 795 | 704 | 689 |
| Dividend Payments | 1.5% | 259 | 255 | 252 | 249 | 246 |
| Buy Backs | -2.2% | 60.00 | 61.00 | 85.00 | 186 | 203 |
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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Everest Re Group News
Schedule 13G FIlings of Everest Re Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2023-03-31CONSOLIDATED 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 income | 260 | 243 |
| Net gains (losses) on investments: | ||
| Credit allowances on fixed maturity securities | (8) | (12) |
| Gains (losses) from fair value adjustments | 4 | (137) |
| Net realized gains (losses) from dispositions | 8 | (5) |
| Total net gains (losses) on investments | 5 | (154) |
| Other income (expense) | (79) | 15 |
| Total revenues | 3,286 | 2,896 |
| CLAIMS AND EXPENSES: | ||
| Incurred losses and loss adjustment expenses | 1,966 | 1,790 |
| Commission, brokerage, taxes and fees | 661 | 605 |
| Other underwriting expenses | 200 | 161 |
| Corporate expenses | 19 | 14 |
| Interest, fees and bond issue cost amortization expense | 32 | 24 |
| Total claims and expenses | 2,878 | 2,594 |
| INCOME (LOSS) BEFORE TAXES | 408 | 302 |
| Income tax expense (benefit) | 43 | 4 |
| NET INCOME (LOSS) | 365 | 298 |
| Other comprehensive income (loss), net of tax: | ||
| Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period | 246 | (815) |
| Reclassification adjustment for realized losses (gains) included in net income (loss) | 3 | 4 |
| Total URA(D) on securities arising during the period | 249 | (811) |
| Foreign currency translation adjustments | 31 | (34) |
| Reclassification adjustment for amortization of net (gain) loss included in net income (loss) | 0 | 1 |
| Total benefit plan net gain (loss) for the period | 0 | 1 |
| Total other comprehensive income (loss), net of tax | 280 | (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
2023-03-31CONSOLIDATED 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)) | 825 | 839 |
| Equity securities, at fair value | 250 | 281 |
| Other invested assets | 4,156 | 4,085 |
| Short-term investments | 1,034 | 1,032 |
| Cash | 1,610 | 1,398 |
| Total investments and cash | 31,435 | 29,872 |
| Accrued investment income | 235 | 217 |
| Premiums receivable (net of credit allowances: 2023, $(30); 2022, $(29)) | 3,922 | 3,619 |
| Reinsurance paid loss recoverables (net of credit allowances: 2023, $(24); 2022, $(23)) | 182 | 136 |
| Reinsurance unpaid loss recoverables | 2,125 | 2,105 |
| Funds held by reinsureds | 1,071 | 1,056 |
| Deferred acquisition costs | 1,011 | 962 |
| Prepaid reinsurance premiums | 611 | 610 |
| Income tax asset, net | 387 | 459 |
| Other assets (net of credit allowances: 2023, $(7); 2022, $(5)) | 860 | 930 |
| TOTAL ASSETS | 41,839 | 39,966 |
| LIABILITIES: | ||
| Reserve for losses and loss adjustment expenses | 22,878 | 22,065 |
| Future policy benefit reserve | 29 | 29 |
| Unearned premium reserve | 5,418 | 5,147 |
| Funds held under reinsurance treaties | 10 | 13 |
| Other net payable to reinsurers | 618 | 567 |
| Losses in course of payment | 123 | 74 |
| Senior notes | 2,348 | 2,347 |
| Long-term notes | 218 | 218 |
| Borrowings from FHLB | 519 | 519 |
| Accrued interest on debt and borrowings | 41 | 19 |
| Unsettled securities payable | 201 | 1 |
| Other liabilities | 422 | 526 |
| Total liabilities | 32,825 | 31,525 |
| Commitments and contingencies | ||
| SHAREHOLDERS' EQUITY: | ||
| Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common shares, par value: $0.01; 200.0 shares authorized; (2023) 70.0 and (2022) 69.9 outstanding before treasury shares | 1 | 1 |
| Additional paid-in capital | 2,295 | 2,302 |
| 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 earnings | 12,342 | 12,042 |
| Total shareholders' equity | 9,014 | 8,441 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 41,839 | $ 39,966 |