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Mar 31, 2021
Everest Q1 2021 Earnings Report
Everest Re Group reported strong first quarter results with net income of $342 million and net operating income of $260 million, driven by robust growth and improved underwriting margins.
Key Takeaways
Everest Re Group reported a strong start to 2021, with robust growth, strong overall profitability, continued improvement in attritional underwriting margins, and excellent investment performance. The company reported a net income of $342 million, or $8.52 per share, and net operating income of $260 million, or $6.49 per share. Gross written premium grew by 14%, and the attritional combined ratio improved to 87.3%.
Net income of $342 million, equal to $8.52 per share.
Net operating income of $260 million, equal to $6.49 per share.
Gross written premium growth of 14% and net written premium growth of 16%.
Attritional combined ratio of 87.3%, a 2.5-point improvement year over year.
Forward Guidance
This news release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of the Company.
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