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Everest Re Group

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Everest Re Group, Ltd is a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength.

Everest traces its roots back to 1973 as the former reinsurance arm of The Prudential. On October 6, 1995, The Prudential successfully completed an initial public offering of 100% of the Company's outstanding stock and under the guidance of its Chairman and CEO, Joseph V. Taranto, the Company has become a leading international insurance and reinsurance organization, ranking amongst the largest reinsurers in the world.

TypePublic
Founded1973
HQCity of Hamilton, BMMap
Websiteeverestre.com
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Employees (est.) (Feb 2020)1,603(+14%)
Revenue (FY, 2019)$8.2 B(+12%)
Share Price (Jan 2021)$231.2 (-1%)
Cybersecurity ratingBMore

Key People/Management at Everest Re Group

Dominic J. Addesso

Dominic J. Addesso

President and Chief Executive Officer
John P. Doucette

John P. Doucette

Executive Vice President and President and CEO of the Reinsurance Division
Craig W. Howie

Craig W. Howie

Executive Vice President and Chief Financial Officer
Michael G. Kerner

Michael G. Kerner

Executive Vice President and Head of Strategy and Risk Management
Ronald D. Diaz

Ronald D. Diaz

EVP
Dennis S. Alba

Dennis S. Alba

Senior Vice President
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Everest Re Group Office Locations

Everest Re Group has offices in City of Hamilton, New York, Brussel and London
City of Hamilton, BM (HQ)
House 45, 19 Reid Street
Brussel, BE
Emile De Motlaan 19
London, GB
40 Lime St, Langbourn
New York, NY, US
461 5th Ave
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Everest Re Group Financials and Metrics

Everest Re Group Revenue

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Everest Re Group's revenue was reported to be $8.23 b in FY, 2019
USD

Revenue (Q2, 2020)

2.2b

Gross profit (Q2, 2020)

837.5m

Gross profit margin (Q2, 2020), %

37.3%

Net income (Q2, 2020)

190.9m

Market capitalization (15-Jan-2021)

9.2b

Closing stock price (15-Jan-2021)

231.2

Cash (30-Jun-2020)

922.5m

EV

8.7b
Everest Re Group's current market capitalization is $9.2 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.7b4.7b4.9b5.6b5.8b5.8b5.8b6.6b7.4b8.2b

Cost of goods sold

2.9b3.7b2.7b2.8b2.9b3.1b3.1b4.5b5.7b4.9b

Gross profit

1.8b967.8m2.2b2.8b2.9b2.7b2.7b2.1b1.7b3.3b

Gross profit Margin, %

37%21%44%50%50%47%46%32%23%40%
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.1b1.2b1.2b1.2b1.2b1.2b1.2b1.4b1.4b1.4b1.3b1.5b1.5b1.5b1.4b1.4b1.2b1.4b1.5b1.5b1.5b1.7b1.7b1.9b1.9b2.0b2.0b2.0b2.0b2.2b

Cost of goods sold

643.9m674.8m1.2b735.8m602.5m607.9m603.7m592.6m711.6m770.1m619.4m735.7m837.8m722.5m790.7m888.1m700.7m857.8m786.2m770.8m861.3m2.2b1.1b1.3b1.3b1.0b1.1b1.4b1.4b

Gross profit

455.5m503.3m(43.3m)441.0m646.7m574.2m615.3m775.0m643.0m631.4m664.4m716.8m698.1m742.5m645.1m487.1m541.3m570.1m724.3m714.0m669.3m(484.6m)688.0m551.6m692.6m911.5m924.3m551.2m837.5m

Gross profit Margin, %

41%43%(4%)37%52%49%50%57%47%45%52%49%45%51%45%35%44%40%48%48%44%(28%)39%29%36%47%46%28%37%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

258.4m448.7m537.1m611.4m437.5m283.7m481.9m635.1m656.1m808.0m

Accounts Receivable

170.7k

Inventories

Total Assets

18.4b18.9b19.8b19.8b20.8b21.4b21.3b23.6b24.8b27.3b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

191.5m201.1m284.1m411.5m443.7m472.0m398.9m478.6m524.1m439.1m589.5m385.4m341.6m401.8m398.6m338.9m401.2m328.9m429.3m435.8m468.2m469.2m585.4m700.6m619.5m639.8m584.0m661.4m717.2m817.6m922.5m

Total Assets

18.2b18.5b18.8b19.0b18.7b19.2b18.9b19.7b19.8b19.6b20.0b20.1b21.2b21.5b21.3b21.5b21.7b20.9b21.3b21.7b22.2b22.5b23.9b23.5b23.9b24.4b25.6b26.4b27.0b27.2b28.6b

Short-term debt

133.0m83.0m40.0m40.0m

Long-term debt

238.3m238.4m238.4m238.4m238.4m238.4m238.4m238.4m238.4m238.4m238.4m238.4m238.4m238.4m238.4m447.1m397.1m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

610.8m(80.5m)829.0m1.3b1.3b1.1b996.3m469.0m103.6m1.0b

Cash From Operating Activities

918.5m659.5m663.9m1.1b1.3b1.3b1.4b1.2b610.1m1.9b

Purchases of PP&E

(63.1m)

Cash From Investing Activities

(270.0m)(208.7m)(233.8m)(224.0m)(1.2b)(1.1b)(657.9m)(732.6m)(279.6m)(1.4b)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

134.0m308.2m(315.9m)(184.6m)(121.5m)304.7m519.3m770.2m384.3m660.0m898.5m302.0m599.9m901.2m339.1m574.5m682.1m171.7m327.4m622.8m291.6m537.3m(102.1m)210.3m280.2m485.8m348.9m691.8m791.8m16.6m207.5m

Cash From Operating Activities

492.8m790.6m188.1m338.7m546.7m165.7m304.5m479.4m225.7m395.8m776.2m367.1m590.4m925.9m455.1m683.1m987.5m367.1m674.5m950.7m381.8m634.4m1.0b195.6m132.6m543.6m459.8m853.5m1.5b506.0m1.1b

Purchases of PP&E

(63.1m)(63.1m)(63.1m)

Cash From Investing Activities

(204.5m)(305.4m)(81.7m)(86.7m)(153.9m)(6.5m)(103.9m)(167.9m)(14.1m)250.4m103.4m(384.4m)(1.1b)(1.2b)(495.7m)(826.8m)(784.4m)(208.2m)(296.6m)(331.0m)(334.3m)(529.5m)(764.5m)(55.4m)2.2m(277.2m)(432.7m)(690.4m)(1.2b)(258.2m)(629.0m)
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USDQ2, 2010

Debt/Equity

0.1 x

Financial Leverage

3 x
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Everest Re Group Operating Metrics

Everest Re Group's Reported Claims, units was reported to be 23.5 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Reported Claims, units

24.83 k25.94 k23.46 k
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Everest Re Group Revenue Breakdown

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Everest Re Group revenue breakdown by business segment: 35.2% from U.S. Reinsurance, 20.4% from International, 14.8% from Bermuda and 29.6% from Insurance

Everest Re Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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Everest Re Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Everest Re Group Online and Social Media Presence

Everest Re Group's Trends

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Everest Re Group Company Culture

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Everest Re Group News and Updates

November 20, 2018

Agricultural Insurance Market Competitive Scenario of Leading Key Players 2017 and 2022 | PICCZurich (RCIS),Chubb, QBE,China United Property Insurance,American Financial Group,Prudential,XL Catlin,Everest Re Group,Endurance Specialty,CUNA Mutual,Agricultu

Worldwide Market Reports has announced the addition of the “Global Agricultural Insurance Market by Manufacturers, Countries, Type and Application, Forecast to 2022”,, Report offering you more creative solutions that combine our deep geographic experience, intimate sector knowledge and clear insight…
April 26, 2018

Everest Re Group's (RE) CEO Dom Addesso on Q1 2018 Results - Earnings Call Transcript

 Everest Re Group Frequently Asked Questions

  • When was Everest Re Group founded?

    Everest Re Group was founded in 1973.

  • Who are Everest Re Group key executives?

    Everest Re Group's key executives are Dominic J. Addesso, John P. Doucette and Craig W. Howie.

  • How many employees does Everest Re Group have?

    Everest Re Group has 1,603 employees.

  • What is Everest Re Group revenue?

    Latest Everest Re Group annual revenue is $8.2 b.

  • What is Everest Re Group revenue per employee?

    Latest Everest Re Group revenue per employee is $5.1 m.

  • Who are Everest Re Group competitors?

    Competitors of Everest Re Group include White Oak Underwriting Agency, Brown & Brown and Alleghany Corporation.

  • Where is Everest Re Group headquarters?

    Everest Re Group headquarters is located at House 45, 19 Reid Street, City of Hamilton.

  • Where are Everest Re Group offices?

    Everest Re Group has offices in City of Hamilton, New York, Brussel and London.

  • How many offices does Everest Re Group have?

    Everest Re Group has 5 offices.