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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 reported Q1 2022 results showing $406 million in net operating income, with a 16.2% annualized operating ROE. Net income reached $298 million, or $7.56 per diluted share, down from $342 million in Q1 2021. Gross written premiums rose 9% year-over-year to $3.2 billion. The combined ratio was 91.6%, improving from 98.1% a year prior. Despite $115 million in catastrophe losses, investments yielded $243 million.
The company maintains limited exposure to the Russia-Ukraine conflict.
Everest Re Group, Ltd. (NYSE: RE) announced the passing of Chief Risk Officer and Chief Actuary, Don Mango, a significant figure in risk management for over three decades. His legacy will continue through the Don Mango Scholarship and the Don Mango Award for Innovation. Ari Moskowitz has been appointed as the new Chief Risk Officer, responsible for advancing the company’s risk management strategy. Everest, a leader in global reinsurance and insurance, emphasizes the importance of rigorous risk management within its operations.
Everest Re Group, Ltd. (NYSE: RE) will conduct its first quarter 2022 earnings conference call on April 28, 2022, at 8:00 am Eastern Time. Financial results will be announced after market close on April 27, 2022, followed by the earnings release and financial supplement available on their investor website. The company has been a key player in reinsurance and insurance markets for nearly 50 years, operating globally across multiple regions including the U.S., Europe, and Canada. Everest Re is also part of the S&P 500 index.
Everest Re Group, Ltd. (NYSE:RE) has declared a dividend of $1.55 per share. This dividend is payable on or before March 30, 2022 to shareholders on record as of March 16, 2022. As a major player in the reinsurance and insurance sector for nearly 50 years, Everest operates globally, providing various insurance products through its affiliates in key markets. The common stock of Everest is part of the S&P 500 index.
Everest Re Group reported robust fourth quarter and full-year results for 2021, with a 25% growth in gross written premiums (GWP) and a combined ratio of 91.9%. The company achieved $431 million in net income, equating to $10.94 per diluted share, up from $64 million in Q4 2020. Full-year net income reached $1.38 billion, providing a total shareholder return of 14.7%. Catastrophe-related losses totaled $125 million for the quarter. Overall, the company expresses confidence in its strategic position heading into 2022.
Everest Re Group, Ltd. (NYSE:RE) has officially signed the UN Principles for Sustainable Insurance (PSI), joining 12 other companies to enhance ESG practices in the insurance industry. This commitment includes integrating ESG into business strategies and engaging with stakeholders to promote sustainability. Everest aims for a zero-emissions workplace by 2050 and has achieved LEED Silver status for its New Jersey headquarters. The company also reports that nearly 79% of its assets are managed by UN-PRI members, reinforcing its dedication to responsible investment.
Everest Re Group, Ltd. (NYSE: RE) has appointed
Everest Re Group, Ltd. (NYSE: RE) will announce its fourth quarter 2021 financial results on February 9, 2022, after market close, followed by a conference call on February 10, 2022, at 8:00 AM ET. Investors can register for the call via the provided link and listen live through a webcast on Everest's investor relations site, where a replay will also be accessible. Everest has operated for nearly 50 years, providing reinsurance and insurance globally.
Everest Re Group, Ltd. (NYSE: RE) has extended President and CEO Juan C. Andrade's employment agreement until the end of 2023, with automatic annual extensions thereafter. Chairman Joseph V. Taranto praised Andrade’s leadership over the past 24 months, highlighting progress in positioning the company for long-term growth. Andrade expressed his commitment to continuing the growth agenda and enhancing shareholder value while fostering an inclusive culture. Everest Re operates globally, providing reinsurance and insurance solutions.
Everest Re Group, Ltd. (NYSE:RE) announced a dividend of $1.55 per share, which is payable by December 22, 2021 to shareholders of record as of December 1, 2021. This decision reflects the company's solid financial position and commitment to returning value to shareholders. Everest, a prominent global provider of reinsurance and insurance, operates across various regions, including the U.S., Europe, and Canada, and is a component of the S&P 500 index.
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