Everest Q1 2023 Earnings Report
Key Takeaways
Everest Re Group reported a strong start to the year with significant underwriting profit, a 17.2% operating return on equity, and a total shareholder return in excess of 14%. The company delivered profitable growth across both underwriting franchises, particularly in reinsurance, and continued to invest in scaling its primary business.
Net Income of $365 million, or $9.31 per diluted share.
Net operating income of $443 million, or $11.31 per diluted share.
Gross written premium grew 19.5% in constant dollars to $3.7 billion.
Combined ratio of 91.2% and attritional combined ratio of 87.5%.
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.