Everest Re Group, Ltd. (RE) financial statements (2021 and earlier)
Company profile
| Business Address |
SEON PLACE, 4TH FLOOR HAMILTON, HM 19 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 281 | 240 | 184 | 159 | 135 | 157 | 152 | ||
| Cash and cash equivalents | 437 | 611 | |||||||
| Short-term investments | 2 | 3 | 1 | 4 | 4 | 14 | 11 | ||
| Other undisclosed cash, cash equivalents, and short-term investments | 279 | 238 | 183 | 155 | 131 | (295) | (470) | ||
| Total current assets: | 281 | 240 | 184 | 159 | 135 | 157 | 152 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 161 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Long-term investments and receivables | 1,764 | 1,592 | 1,632 | 1,333 | 787 | 602 | 508 | ||
| Long-term investments | 1,764 | 1,592 | 1,632 | 1,333 | 787 | 602 | 508 | ||
| Total noncurrent assets: | 1,925 | 1,592 | 1,632 | 1,333 | 787 | 602 | 508 | ||
| Other undisclosed assets | 25,118 | 22,962 | 21,776 | 19,830 | 20,504 | 20,059 | 19,147 | ||
| TOTAL ASSETS: | 27,324 | 24,794 | 23,592 | 21,322 | 21,426 | 20,818 | 19,808 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 238 | 238 | |||||||
| Long-term debt, excluding current maturities | 238 | 238 | |||||||
| Total noncurrent liabilities: | 238 | 238 | |||||||
| Other undisclosed liabilities | 18,191 | 16,890 | 15,223 | 13,246 | 13,061 | 12,707 | 12,508 | ||
| Total liabilities: | 18,191 | 16,890 | 15,223 | 13,246 | 13,061 | 12,945 | 12,746 | ||
| Temporary equity, carrying amount | 757 | ||||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 9,133 | 7,904 | 8,369 | 8,075 | 7,609 | 7,451 | 6,968 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (3,422) | (3,398) | (3,322) | (3,272) | (2,886) | (2,486) | (1,986) | ||
| Additional paid in capital | 2,220 | 2,189 | 2,166 | 2,141 | 2,104 | 2,069 | 2,030 | ||
| Accumulated other comprehensive income (loss) | 28 | (463) | (161) | (217) | (232) | 48 | 158 | ||
| Retained earnings | 10,307 | 9,574 | 9,686 | 9,423 | 8,622 | 7,819 | 6,766 | ||
| Other undisclosed stockholders' equity | 422 | 93 | |||||||
| Total stockholders' equity: | 9,133 | 7,904 | 8,369 | 8,075 | 7,609 | 7,873 | 7,062 | ||
| TOTAL LIABILITIES AND EQUITY: | 27,324 | 24,794 | 23,592 | 21,322 | 21,426 | 20,818 | 19,808 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,231 | 7,377 | 6,608 | 5,794 | 5,838 | 5,791 | 5,641 | |
| Premiums earned, net | 6,932 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Underwriting income | 887 | 739 | ||||||
| Financial services revenue | ✕ | ✕ | 5,938 | 5,320 | 5,481 | 5,169 | 4,754 | |
| Cost of revenue | (4,923) | (5,651) | (4,523) | (3,140) | (3,102) | (2,907) | (2,800) | |
| Policyholder benefits and claims incurred, net | (4,923) | (5,651) | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Deferred policy acquisition costs, amortization expense | 1,136 | 978 | ||||||
| Financial services costs | ✕ | ✕ | (4,523) | (3,140) | (3,102) | (2,907) | (2,800) | |
| Gross profit: | 3,308 | 1,726 | 2,085 | 2,655 | 2,736 | 2,884 | 2,841 | |
| Operating expenses | (2,145) | (1,891) | (1,623) | (1,491) | (1,491) | (1,141) | (1,008) | |
| Operating income (loss): | 1,164 | (165) | 463 | 1,163 | 1,245 | 1,743 | 1,833 | |
| Nonoperating income (Investment Income, Nonoperating) | 531 | 549 | ||||||
| Interest and debt expense | (32) | (31) | (32) | (36) | (36) | (39) | (46) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (789) | (780) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,132 | (196) | 431 | 1,127 | 1,209 | 1,446 | 1,555 | |
| Income from equity method investments | 46 | |||||||
| Other undisclosed loss from continuing operations before income taxes | (33) | (31) | (26) | (27) | ||||
| Income (loss) from continuing operations before income taxes: | 1,099 | (226) | 405 | 1,100 | 1,209 | 1,446 | 1,601 | |
| Income tax expense (benefit) | (90) | 330 | 64 | (104) | (134) | (188) | (290) | |
| Income before gain (loss) on sale of properties: | 1,009 | 104 | 469 | 996 | 1,074 | 1,258 | 1,311 | |
| Other undisclosed net loss | (46) | |||||||
| Net income: | 1,009 | 104 | 469 | 996 | 1,074 | 1,258 | 1,265 | |
| Net loss attributable to noncontrolling interest | (97) | (59) | (6) | |||||
| Net income attributable to parent: | 1,009 | 104 | 469 | 996 | 978 | 1,199 | 1,259 | |
| Other undisclosed net loss available to common stockholders, basic | (243) | (215) | (210) | (204) | (184) | (157) | (117) | |
| Net income (loss) available to common stockholders, diluted: | 766 | (111) | 259 | 792 | 794 | 1,042 | 1,142 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,009 | 104 | 469 | 996 | 1,074 | 1,258 | 1,265 | |
| Other comprehensive income (loss) | 491 | (300) | 57 | 15 | (280) | (109) | (379) | |
| Comprehensive income (loss): | 1,500 | (197) | 526 | 1,011 | 794 | 1,149 | 886 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (97) | 59 | 6 | |||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (119) | (12) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,500 | (197) | 526 | 1,011 | 698 | 1,090 | 880 | |
Statements sources
The financial statements are based on the company's filings with the 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.