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Everest Re is a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service, and unsurpassed financial strength. Everest Reinsurance Company underwrites virtually all classes and categories of business in treaty, facultative, and specialty lines, both through brokers and directly with ceding companies. Primary insurance products and services are available through several subsidiary operations including Everest National Insurance Company, Everest Indemnity Insurance Company, and Everest Insurance Company of Canada.
Everest professionals, working from several office locations around the world, have the technical expertise and market knowledge to produce tailored solutions precisely fitted to customer needs, ensuring that businesses have the coverage they require. By consistently delivering on their promises, Everest has established a reputation for reliability and strength in the insurance and reinsurance sector.
In recent years, Everest has made significant strides in expanding its global footprint and diversifying its product offerings. Their ongoing projects focus on enhancing digital capabilities to provide better customer experiences and streamline operations. Financially, Everest remains robust, with a solid balance sheet and a commitment to prudent risk management practices.
Everest’s strategic partnerships and collaborations with key players in the industry enable them to stay ahead of market trends and offer competitive, cutting-edge solutions. With a dedication to excellence and a customer-centric approach, Everest continues to be a trusted partner for businesses around the globe.
Everest Re Group, Ltd. (NYSE:RE) has reported estimated pre-tax net catastrophe losses of $730 million for Q3 2022, primarily attributed to Hurricane Ian and other global events. The loss estimate includes $500 million from Hurricane Ian, which has an estimated industry loss of approximately $55 billion, driven by social inflation in Florida. Additionally, losses from all other events are around $15 billion. Despite these losses, Everest's diversified strategy mitigated exposure to about 1% of the estimated Hurricane Ian industry loss.
Everest Re Group, Ltd. (NYSE: RE) will hold its Q3 2022 earnings conference call on October 27, 2022, at 8:00 am Eastern Time. Financial results will be released on October 26, 2022, after NYSE market close. Investors can access the call via a live webcast at www.everestre.com/Investors where a replay will also be available. Everest has operated for nearly 50 years, providing reinsurance and insurance globally, and is a component of the S&P 500 index.
Everest Re Group, Ltd. (NYSE:RE) has declared a $1.65 dividend per common share, with payment set for September 9, 2022. Shareholders of record as of August 24, 2022 will receive this payout. Operating for nearly 50 years, Everest is a leading global reinsurance and insurance provider, with subsidiaries across key markets including the U.S., Europe, Singapore, and Canada.
The company's stock is also a component of the S&P 500 index.
Everest Re Group, Ltd. has published its Global Loss Triangles for the year ending December 31, 2021. These documents are accessible on the Company’s investor relations website under Financials/Annual Disclosures. Everest operates globally as a leading provider of reinsurance and insurance, with a presence in regions including the U.S., Europe, Singapore, Canada, and Bermuda. Everest's common stock trades on the NYSE under the symbol RE and is part of the S&P 500 index. For further information, visit their official site.
Everest Re Group reported Q2 2022 financials with $386 million in net operating income and a 15.3% annualized operating ROE. The company achieved a net income of $123 million, with a combined ratio of 91.8%. Gross written premiums saw an 8.1% growth year-over-year, totaling $3.4 billion. Despite catastrophe losses from events like floods and storms, net investment income stood at $226 million. The company’s strategic focus on underwriting and operational efficiency is expected to drive future performance.
Everest Re Group, Ltd. (NYSE: RE) will announce its second quarter 2022 financial results on July 27, 2022, after market close. A conference call to discuss these results is scheduled for July 28, 2022, at 8:00 AM Eastern Time. Investors can access the call via a live webcast at www.everestre.com/Investors. Everest, operating for nearly 50 years, is a global leader in reinsurance and insurance, offering various products through its subsidiaries across multiple regions including the U.S., Europe, and Bermuda.
Everest Re Group, Ltd. (NYSE: RE) has appointed Brent Hoffman as Senior Vice President, Head of Claims and Chief Operations Officer, effective late July. Hoffman brings over 25 years of experience, previously serving as Chief Claims Officer at AXA XL, where he enhanced global claims strategy. His role will involve overseeing business operations and leading the Reinsurance Claims function. Jim Williamson, COO, expressed confidence in Hoffman's leadership to drive operational efficiencies and align with strategic objectives.
Everest Re Group, Ltd. (NYSE: RE) has appointed David Harris as Senior Vice President and Chief Reserving Actuary. He succeeds Ellen Edmonds and will oversee Everest's global reserving strategy to enhance the company's pricing, reserving, and underwriting functions. Harris brings over 25 years of experience in the reinsurance industry, having previously served at SCOR Reinsurance Company among others. The leadership change aims to optimize Everest's portfolio for sustained profitability and shareholder value, reinforcing its commitment to disciplined risk management.
Everest Re Group, Ltd. (NYSE: RE) announced the appointment of Matthew Rohrmann as the new Senior Vice President, Head of Investor Relations, effective immediately. He will lead the company's engagement with the financial community and oversee ratings agency interactions, succeeding Jon Levenson. Rohrmann brings extensive experience from his previous roles at AXIS Capital, AIG, and Willis Towers Watson. Mark Kociancic, CFO of Everest, expressed confidence in Rohrmann's capabilities to enhance investor relations during a pivotal time for the company.
Everest Re Group, Ltd. (NYSE:RE) has announced an increase in its quarterly dividend from $1.55 to $1.65 per common share. This dividend will be paid on or before June 17, 2022 to all shareholders of record as of May 25, 2022. The company, a major player in the reinsurance and insurance market, operates globally with nearly 50 years of experience and is part of the S&P 500 index.
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