Everest Q1 2022 Earnings Report
Key Takeaways
Everest Re Group reported a strong start to 2022, with a net operating income of $406 million and a net income of $298 million. The company achieved a combined ratio of 91.6% and experienced growth in gross written premiums across both Reinsurance and Insurance segments.
Net operating income was $406 million, with an annualized operating ROE of 16.2%.
Net income reached $298 million.
Gross written premium grew by 9% year-over-year for the Group.
The group's combined ratio was 91.6%.
Everest
Everest
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.
Challenges Ahead
- The impact of the ongoing war in Ukraine
- The impact of general economic conditions and conditions affecting the insurance and reinsurance industry
- The adequacy of our reserves
- Our ability to assess underwriting risk
- Trends in rates for property and casualty insurance and reinsurance