Dec 31, 2021

Everest Q4 2021 Earnings Report

Everest Re Group reported strong growth in gross written premium and a combined ratio for the quarter, with a solid net income.

Key Takeaways

Everest Re Group reported a strong fourth quarter and full year 2021 results, marked by a 25% growth in gross written premium and a 91.9% combined ratio for the quarter. The company achieved a net income of $431 million for the quarter and a 14.7% total shareholder return for the year.

The Group experienced a 25% year-over-year growth in gross written premium.

The Group's combined ratio was 91.9%.

The attritional combined ratio for the Group was 87.4%.

The company reported pre-tax underwriting income of $228 million, including $125 million in catastrophe losses.

Total Revenue
$2.8B
Previous year: $2.4B
+17.0%
EPS
$9.12
Previous year: -$1.12
-914.3%
Combined Ratio
91.9%
Previous year: 109.1%
-15.8%
Gross Profit
$3.05B
Previous year: $2.76B
+10.4%
Cash and Equivalents
$1.44B
Previous year: $802M
+79.7%
Total Assets
$38.2B
Previous year: $32.8B
+16.5%

Everest

Everest

Forward Guidance

Everest Re Group is well-positioned to deliver on its long-term strategic objectives due to a more profitable book of business, an expanding global value proposition, a strong balance sheet, and exceptional talent.