Everest Re Group, Ltd. (RE) financial statements (2020 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:281240184159135157152
Cash and cash equivalents     437611
Short-term investments231441411
Other undisclosed cash, cash equivalents, and short-term investments279238183155131(295)(470)
Total current assets:281240184159135157152
Noncurrent Assets
Operating lease, right-of-use asset161
Long-term investments and receivables1,7641,5921,6321,333787602508
Long-term investments1,7641,5921,6321,333787602508
Total noncurrent assets:1,9251,5921,6321,333787602508
Other undisclosed assets25,11822,96221,77619,83020,50420,05919,147
TOTAL ASSETS:27,32424,79423,59221,32221,42620,81819,808
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation     238238
Long-term debt, excluding current maturities     238238
Total noncurrent liabilities:     238238
Other undisclosed liabilities18,19116,89015,22313,24613,06112,70712,508
Total liabilities:18,19116,89015,22313,24613,06112,94512,746
Temporary equity, carrying amount    757  
Stockholders' equity
Stockholders' equity attributable to parent9,1337,9048,3698,0757,6097,4516,968
Common stock1111111
Treasury stock, value(3,422)(3,398)(3,322)(3,272)(2,886)(2,486)(1,986)
Additional paid in capital2,2202,1892,1662,1412,1042,0692,030
Accumulated other comprehensive income (loss)28(463)(161)(217)(232)48158
Retained earnings10,3079,5749,6869,4238,6227,8196,766
Other undisclosed stockholders' equity     42293
Total stockholders' equity:9,1337,9048,3698,0757,6097,8737,062
TOTAL LIABILITIES AND EQUITY:27,32424,79423,59221,32221,42620,81819,808

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
Revenues8,2317,3776,6085,7945,8385,7915,641
Premiums earned, net 6,932
Underwriting income     887739
Financial services revenue5,9385,3205,4815,1694,754
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     1,136978
Financial services costs(4,523)(3,140)(3,102)(2,907)(2,800)
Gross profit:3,3081,7262,0852,6552,7362,8842,841
Operating expenses(2,145)(1,891)(1,623)(1,491)(1,491)(1,141)(1,008)
Operating income (loss):1,164(165)4631,1631,2451,7431,833
Nonoperating income
(Investment Income, Nonoperating)
     531549
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)4311,1271,2091,4461,555
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)4051,1001,2091,4461,601
Income tax expense (benefit)(90)33064(104)(134)(188)(290)
Income before gain (loss) on sale of properties:1,0091044699961,0741,2581,311
Other undisclosed net loss      (46)
Net income:1,0091044699961,0741,2581,265
Net loss attributable to noncontrolling interest    (97)(59)(6)
Net income attributable to parent:1,0091044699969781,1991,259
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)2597927941,0421,142

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:1,0091044699961,0741,2581,265
Other comprehensive income (loss)491(300)5715(280)(109)(379)
Comprehensive income (loss):1,500(197)5261,0117941,149886
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (97)596
Other undisclosed comprehensive loss, net of tax, attributable to parent     (119)(12)
Comprehensive income (loss), net of tax, attributable to parent:1,500(197)5261,0116981,090880

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.

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