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Everest Re Group

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    • Financial Servicesinsurancereinsurance

    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.

    Revenue(FY, 2017)
    $6.6 B
    Market capitalization(2018-12-12)
    $8.9 B
    Reported Claims, units(FY, 2016)
    23.5 K
    TypePublic
    HQHamilton, BM
    Founded1973
    Size (employees)1,276 (est)+14%
    Websiteeverestregroup.com
    Everest Re Group was founded in 1973 and is headquartered in Hamilton, BM
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    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
    Sanjoy Mukherjee

    Sanjoy Mukherjee

    Executive Vice President, General Counsel and Secretary, Managing Director and Chief Executive Officer, Everest Reinsurance (Bermuda), Ltd
    Jonathan M. Zaffino

    Jonathan M. Zaffino

    Executive Vice President and President and CEO of the Everest Insurance® Division
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    Everest Re Group Office Locations

    Everest Re Group has offices in Hamilton and Bernards
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    Everest Re Group Financials and Metrics

    Everest Re Group Revenue

    Everest Re Group's revenue was reported to be $6.61 b in FY, 2017
    USD

    Revenue (Q3, 2018)

    		1.9b

    Net income (Q3, 2018)

    		205.6m

    Market capitalization (12-Dec-2018)

    		8.9b

    Closing stock price (12-Dec-2018)

    		220.0

    Cash (30-Sep-2018)

    		639.8m
    Everest Re Group's current market capitalization is $8.9 b.
    Annual
    USDFY, 2013FY, 2015FY, 2016FY, 2017

    Revenue

    		5.6b5.8b5.8b6.6b

    Operating expense total

    		4.1b4.6b4.7b6.2b

    Pre tax profit

    		1.6b1.2b1.1b405.2m

    Income tax expense

    		289.7m134.0m103.5m(63.8m)
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Revenue

    		1.4b1.3b1.5b1.5b1.4b1.4b1.2b1.4b1.5b1.5b1.5b1.7b1.7b1.9b1.9b

    Operating expense total

    		1.1b928.6m1.1b1.2b1.2b1.3b1.1b1.2b1.2b1.1b1.3b2.6b1.5b1.8b1.7b

    Pre tax profit

    		310.6m355.3m361.8m322.1m271.3m101.4m177.1m186.3m320.9m338.4m275.5m(904.1m)217.6m60.8m197.4m

    Income tax expense

    		72.0m53.2m63.9m20.9m35.8m(6.1m)5.4m30.6m25.5m46.8m29.9m(264.7m)7.3m(9.1m)(8.2m)
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    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		611.4m437.5m283.7m481.9m635.1m

    Accounts Receivable

    		170.7k

    Inventories

    Total Assets

    		19.8b20.8b21.4b21.3b23.6b
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Cash

    		589.5m385.4m341.6m401.8m338.9m401.2m328.9m429.3m435.8m468.2m469.2m585.4m700.6m619.5m639.8m

    Total Assets

    		20.0b20.1b21.2b21.5b21.5b21.7b20.9b21.3b21.7b22.2b22.5b23.9b23.5b23.9b24.4b

    Total Liabilities

    		13.2b12.8b13.5b13.7b13.0b13.4b13.0b13.3b13.6b13.8b13.9b16.0b15.2b15.6b16.1b

    Additional Paid-in Capital

    		2.0b2.0b2.1b2.1b2.1b2.1b2.1b2.1b2.1b2.1b2.2b2.2b2.2b2.2b2.2b
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    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		1.3b1.3b1.1b996.3m469.0m

    Inventories

    Accounts Payable

    Cash From Operating Activities

    		1.1b1.3b1.3b1.4b1.2b
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Net Income

    		898.5m302.0m599.9m301.3m171.7m327.4m622.8m291.6m537.3m(102.1m)210.3m280.2m485.8m

    Cash From Operating Activities

    		776.2m367.1m590.4m335.5m367.1m674.5m950.7m381.8m634.4m1.0b195.6m132.6m543.6m

    Cash From Investing Activities

    		103.4m(384.4m)(1.1b)(104.4m)(208.2m)(296.6m)(331.0m)(334.3m)(529.5m)(764.5m)(55.4m)2.2m(277.2m)

    Dividends Paid

    		(70.7m)(34.7m)(69.1m)(34.0m)(48.7m)(96.8m)(144.3m)(51.3m)(102.6m)(153.9m)(53.2m)(106.5m)(159.3m)
    show all
    USDY, 2018

    Financial Leverage

    		2.9 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

    Embed Graph

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

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    Competitors

    White Oak Underwriting Agency
    Financial Services - Private
    EMC Insurance Group
    Financial Services - Public
    Allied World Assurance
    Financial Services - Subsidiary
    Argo Group
    Financial Services - Public
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    Everest Re Group Online and Social Media Presence

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    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

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    Everest Re Group Company Life and Culture

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     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 1,276 employees.

    • What is Everest Re Group revenue?

      Latest Everest Re Group annual revenue is $6.6 b.

    • What is Everest Re Group revenue per employee?

      Latest Everest Re Group revenue per employee is $5.2 m.

    • Who are Everest Re Group competitors?

      Competitors of Everest Re Group include White Oak Underwriting Agency, EMC Insurance Group and Allied World Assurance.

    • Where are Everest Re Group offices?

      Everest Re Group has offices in Hamilton and Bernards.

    • How many offices does Everest Re Group have?

      Everest Re Group has 2 offices.