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Mar 31, 2023
Everest Q1 2023 Earnings Report
Everest Re Group reported strong Q1 2023 results, marked by significant underwriting profit and growth in gross written premiums.
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%.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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