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Sep 30, 2021
Everest Q3 2021 Earnings Report
Everest Re Group reported a net loss for Q3 2021, impacted by catastrophe losses, but demonstrated strong premium growth and expense management.
Key Takeaways
Everest Re Group reported a net loss of $73.5 million for the third quarter of 2021, primarily due to $635 million in pre-tax net catastrophe losses. Despite the loss, the company achieved gross written premium growth of 25% year over year, with significant growth in both the insurance and reinsurance segments. The attritional combined ratio was 87.9%, and net investment income was robust at $293 million.
Gross written premium grew by 25% year over year to $3.5 billion.
Insurance segment GWP increased by 43% year over year to $1.0 billion.
Attritional combined ratio was 87.9%.
Net investment income reached $293 million, driven by alternative asset performance.
Everest
Everest
Forward Guidance
No specific forward guidance was provided in the release.