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Sep 30, 2020
Everest Q3 2020 Earnings Report
Everest Re Group reported net income of $243.1 million for Q3 2020.
Key Takeaways
Everest Re Group reported a net income of $243.1 million for the third quarter of 2020, a significant increase compared to the $104.4 million reported for the same period in 2019. The company experienced a 16% growth in gross written premium, driven by both Reinsurance and Insurance segments. The attritional combined ratio improved to 85.8%.
Net income available to Everest common shareholders was $243.1 million, or $6.07 per diluted common share.
Gross written premium grew by 16% year over year to $2.8 billion.
Reinsurance segment grew by 20% and Insurance segment grew by 6%.
Attritional combined ratio, excluding catastrophe and COVID-19 losses, improved to 85.8%.
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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