re - RE STOCK NEWS

Everest Re Group declared a dividend of $1.55 per share, payable by June 9, 2021, to shareholders recorded by May 26, 2021. The company, a leading global reinsurance and insurance provider for nearly 50 years, operates through subsidiaries across multiple regions, including the U.S., Europe, and Bermuda. Everest is listed on the NYSE under the symbol RE and is a part of the S&P 500 index.

Everest Re Group announced the appointment of Jim Williamson as the Head of the Reinsurance Division, effective immediately. Williamson, who previously served as Executive Vice President and Group COO, succeeds John Doucette, who has left the company for other opportunities. This leadership change aims to enhance Everest's reinsurance operations and support its growth strategy. CEO Juan C. Andrade praised Williamson's extensive industry experience and operational expertise. Everest Re (NYSE:RE) is a global provider of reinsurance and insurance, focusing on diversified product offerings.

AM Best has affirmed the Financial Strength Rating (FSR) of A+ and Long-Term Issuer Credit Ratings of “aa-” for Everest Re Group, Ltd. (RE). The ratings reflect Everest’s strong balance sheet, adequate operating performance, and favorable business profile. With a robust risk-adjusted capitalization and low financial leverage, Everest remains a leading non-life reinsurer, ranking 7th globally. The group's performance consistently outpaces peers, thanks to effective risk management and a low expense ratio. However, the outlook remains stable with no expected positive rating movements in the near term.

Everest Re Group reported strong first-quarter 2021 results with a net income of $342 million, equating to $8.52 per share. The company achieved a gross written premium growth of 14% and net written premium growth of 16%. The attritional combined ratio improved to 87.3%, reflecting effective underwriting strategies despite pre-tax catastrophe losses of $270 million. Investment income reached $260.4 million, contributing to a flat shareholders' equity of $9.7 billion. The company declared common share dividends of $1.55 per share, demonstrating its commitment to returning value to shareholders.

Everest Re Group, Ltd. has announced preliminary estimates for first quarter 2021 catastrophe losses ahead of its full earnings report on April 28, 2021. The company expects pre-tax net losses to total $260 million from various events, including $250 million from the Texas winter storms and $10 million from New South Wales flooding. Everest also confirmed it will not be increasing its Covid-19 Pandemic loss provision, which currently stands at $511 million. The company remains committed to aiding affected communities during these events.

Everest Re Group has appointed Anne Rocco as Senior Vice President and Group Chief Transformation and Shared Services Leader. Rocco, who previously served as Executive Vice President at Chubb, brings extensive experience in driving operational performance and strategic transformations. This appointment aligns with Everest's goal of profitably growing a diversified insurance and reinsurance portfolio. Rocco will work closely with CEO Juan C. Andrade and the executive team to enhance shareholder returns and support the company’s growth strategy.

Everest Re Group, Ltd. (NYSE: RE) plans to hold its Q1 2021 earnings conference call on April 29, 2021, at 8:00 am ET. Financial results will be released after market close on April 28, 2021. Investors can access the call via a registration form found on their site, or through a live webcast. As a prominent global provider of reinsurance and insurance for nearly 50 years, Everest operates across various regions including the U.S., Europe, and Bermuda, offering a range of property and specialty products. The company is a component of the S&P 500 index.

Everest Re Group declared a $1.55 dividend per share, payable on or before March 31, 2021, to shareholders of record as of March 17, 2021. This announcement reflects the Company's ongoing commitment to returning value to its investors. Everest, a prominent global provider of reinsurance and insurance, has been operational for nearly 50 years with subsidiaries across multiple regions, including the U.S., Europe, and Bermuda. Notably, Everest's common stock is part of the S&P 500 index.

Everest Re Group reported its Q4 and full year 2020 results, highlighting a net income of $64 million ($1.59 per share) and a net operating loss of $(44) million ($(1.12) per share) for Q4. The full year net income reached $514 million ($12.78 per diluted share), with gross written premium growth of 15%. The attritional combined ratio improved to 87.5%, despite pandemic-related losses totaling $511 million. Shareholders’ equity increased to a record $9.7 billion, with book value per share growing by 11.4%.