Everest Q4 2019 Earnings Report
Key Takeaways
Everest Re Group reported a net income of $217.6 million for the fourth quarter of 2019, a significant improvement compared to the net loss of $385.3 million in the same period of 2018. The combined ratio was 101.5%, and the attritional combined ratio was 90.3%. Catastrophe losses amounted to $215.0 million, and prior year development was $19.2 million favorable. Net investment income was $146.1 million.
Net income for Q4 2019 was $217.6 million, or $5.32 per diluted common share.
After-tax operating income was $130.8 million, or $3.20 per diluted common share.
Gross written premiums increased by 7% to $2.4 billion.
The combined ratio was 101.5%, an improvement from 134.1% in Q4 2018.
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Everest Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income