Jun 30, 2022

Everest Q2 2022 Earnings Report

Everest Re Group reported solid second quarter results driven by underwriting profitability and operational efficiency.

Key Takeaways

Everest Re Group reported a net income of $123 million for the second quarter of 2022, with a combined ratio of 91.8%. The company's net operating income was $386 million, reflecting a 15.3% annualized operating ROE. Gross written premiums grew by 8.1% year over year, with notable growth in the Insurance segment.

Net operating income of $386 million and a 15.3% annualized operating ROE.

Gross written premium grew by 8.1% year over year.

Combined ratio of 91.8% for the Group.

Insurance segment grew by 19.6% year over year.

Total Revenue
$2.92B
Previous year: $2.56B
+14.0%
EPS
$9.79
Previous year: $14.6
-33.1%
Combined Ratio
91.8%
Previous year: 89.3%
+2.8%
Gross Profit
$2.83B
Previous year: $2.84B
-0.1%
Cash and Equivalents
$2.12B
Previous year: $1.11B
+91.3%
Total Assets
$37.9B
Previous year: $35.4B
+7.2%

Everest

Everest

Forward Guidance

Everest is well-positioned to continue executing its strategy and providing attractive shareholder returns.