Sector: Financials | Industry: Reinsurance |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Seon Place, 4Th Floor, 141 Front Street HAMILTON HM 19 |
Tel: | 1-908-6047343 |
Website: | https://www.everestre.com |
IR: | See website |
Key People | ||
Joseph V. Taranto Chairman of the Board | Juan C. Andrade President, Chief Executive Officer, Director | Mark Kociancic Group Chief Financial Officer, Executive Vice President |
Michael Karmilowicz Chairman of Everest Global Insurance | James Allan Williamson Group Chief Operating Officer, Executive Vice President, Head of the Everest Reinsurance Division | Brent Hoffman Interim General Counsel |
Business Overview |
Everest Group, Ltd. is a Bermuda-based global underwriter providing property, casualty and specialty reinsurance and insurance solutions. The Company serves customers in more than 100 countries across six continents. Its insurance products in United States include accident and health, casualty, credit, cyber, everest specialty underwriters, EverSports and Entertainment Insurance, programs, property, and services. The Company's reinsurance products in United States include treaty property, treaty casualty, facultative property, facultative casualty, structured solutions, surety and credit, accident and health, marine and aviation, and property hybrid solutions. Its claims services include insurance claims and support, accident and health, and workers' compensation claims. Its casualty products include wholesale casualty, middle market casualty, national accounts casualty and industry solutions group. Its property products include retail property, wholesale property and inland marine. |
Financial Overview |
For the three months ended 31 March 2024, Everest Group Ltd revenues increased 26% to $4.14B. Net income applicable to common stockholders increased from $360M to $725M. Revenues reflect Premiums earned increase of 18% to $3.65B, Investment Income - Gross - Insurance increase of 73% to $470M. Net income benefited from Expense Ratio -% (Co.&Br) -US Reinsuranc decrease of 2% to 27.2%. Dividend per share increased from $1.65 to $1.75. |