Dec 31, 2022

Everest Q4 2022 Earnings Report

Everest Re Group reported strong Q4 2022 results driven by underwriting discipline and margin improvement.

Key Takeaways

Everest Re Group reported a net income of $496 million and a net operating income of $478 million for Q4 2022. The company's combined ratio was 87.8%, and the operating cash flow was $1.0 billion. The results reflect continued underwriting margin improvement and strong execution.

Net Income of $496 million driven by underwriting margin improvement.

Gross written premium reached $3.6 billion, with notable growth in Insurance.

The Group's combined ratio was strong at 87.8%.

Operating cash flow for the quarter stood at $1.0 billion.

Total Revenue
$3.01B
Previous year: $2.8B
+7.4%
EPS
$12.2
Previous year: $9.12
+33.9%
Combined Ratio
87.8%
Previous year: 91.9%
-4.5%
Gross Profit
$3.27B
Previous year: $3.05B
+7.4%
Cash and Equivalents
$1.4B
Previous year: $1.44B
-3.0%
Total Assets
$40B
Previous year: $38.2B
+4.7%

Everest

Everest

Forward Guidance

Everest is well positioned with the talent and the platform to continue this momentum in 2023.