EVEREST REINSURANCE HOLDINGS INC Financial Statements (2024 and earlier)
Company Profile
| Business Address |
100 EVEREST WAY WARREN, NJ 07059 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,887 | 4,653 | 1,086 | 691 | 579 | 471 | |||
| Cash and cash equivalents | 1,881 | 2,199 | 379 | 411 | 405 | 230 | |||
| Short-term investments | 1,006 | 2,454 | 708 | 280 | 174 | 242 | |||
| Total current assets: | 2,887 | 4,653 | 1,086 | 691 | 579 | 471 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 121 | 131 | 140 | 153 | ✕ | ✕ | |||
| Long-term investments and receivables | 2,754 | 1,675 | 1,095 | 1,021 | 883 | 839 | |||
| Long-term investments | 2,754 | 1,675 | 1,095 | 1,021 | 883 | 839 | |||
| Deferred income tax assets | 66 | ✕ | ✕ | ||||||
| Total noncurrent assets: | 2,875 | 1,806 | 1,235 | 1,240 | 883 | 839 | |||
| Other undisclosed assets | 22,195 | 21,236 | 21,396 | 17,776 | 17,227 | 16,579 | |||
| TOTAL ASSETS: | 27,957 | 27,695 | 23,717 | 19,706 | 18,688 | 17,889 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 237 | ||||||||
| Long-term debt, excluding current maturities | 237 | ||||||||
| Total noncurrent liabilities: | 237 | ||||||||
| Other undisclosed liabilities | 22,303 | 20,657 | 17,303 | 13,849 | 13,644 | 12,239 | |||
| Total liabilities: | 22,303 | 20,657 | 17,303 | 13,849 | 13,644 | 12,476 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,654 | 7,038 | 6,414 | 5,857 | 5,045 | 5,413 | |||
| Additional paid in capital | 1,102 | 1,102 | 1,101 | 1,101 | 1,100 | 388 | |||
| Accumulated other comprehensive income (loss) | (848) | 91 | 268 | 64 | (126) | (1) | |||
| Retained earnings | 5,400 | 5,845 | 5,045 | 4,692 | 4,071 | 5,026 | |||
| Other undisclosed equity, attributable to parent | |||||||||
| Other undisclosed equity | |||||||||
| Total equity: | 5,654 | 7,038 | 6,414 | 5,857 | 5,045 | 5,413 | |||
| TOTAL LIABILITIES AND EQUITY: | 27,957 | 27,695 | 23,717 | 19,706 | 18,688 | 17,889 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,526 | 8,448 | 6,818 | 6,263 | 4,964 | 2,421 | ||
| Cost of revenue | (5,823) | (5,387) | (4,608) | (3,829) | (4,811) | (2,040) | ||
| Policyholder benefits and claims incurred, net | (5,823) | (5,387) | (4,608) | (3,829) | (4,811) | ✕ | ||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (2,040) | |
| Gross profit: | 1,703 | 3,061 | 2,210 | 2,434 | 153 | 381 | ||
| Operating expenses | (2,159) | (2,000) | (1,790) | (1,634) | (1,446) | (473) | ||
| Operating income (loss): | (456) | 1,061 | 419 | 800 | (1,293) | (92) | ||
| Interest and debt expense | (101) | (70) | (36) | (35) | (31) | (31) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (557) | 991 | 384 | 765 | (1,323) | (123) | ||
| Other undisclosed income from continuing operations before income taxes | 0 | |||||||
| Income (loss) from continuing operations before income taxes: | (557) | 991 | 384 | 765 | (1,323) | (123) | ||
| Income tax expense (benefit) | 112 | (192) | (32) | (135) | 366 | 201 | ||
| Income (loss) from continuing operations: | (445) | 800 | 352 | 630 | (958) | 78 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 800 | 352 | 630 | (958) | 78 | |
| Net income (loss): | (445) | 800 | 352 | 630 | (958) | 78 | ||
| Other undisclosed net income attributable to parent | ||||||||
| Net income (loss) available to common stockholders, diluted: | (445) | 800 | 352 | 630 | (958) | 78 | ||
Comprehensive Income ($ in millions)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (445) | 800 | 352 | 630 | (958) | 78 | ||
| Other comprehensive income (loss) | (939) | (177) | 204 | 191 | (123) | 36 | ||
| Comprehensive income (loss): | (1,384) | 623 | 556 | 820 | (1,081) | 114 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,384) | 623 | 556 | 820 | (1,081) | 114 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.