•
Dec 31, 2020
Everest Q4 2020 Earnings Report
Everest Re Group reported a net income of $64 million and a net operating loss of $44 million for Q4 2020.
Key Takeaways
Everest Re Group reported Q4 2020 results, including a net income of $64 million or $1.59 per share, and a net operating loss of $44 million or $(1.12) per common share. The company experienced gross written premium growth of 13%. The attritional combined ratio was 86.3%, a 4 point improvement year over year. The pre-tax net catastrophe losses of $70 million, Covid-19 Pandemic (“Pandemic”) losses of $76 million, and a prior year reserve strengthening of $400 million.
Net income of $64 million, equal to $1.59 per share.
Net operating loss of $(44) million, $(1.12) per common share.
Gross written premium growth of 13%.
Attritional combined ratio of 86.3%, a 4 point improvement year over year.