Everest Re Group, Ltd. (RE) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:375350281240184159135
Short-term investments3123144
Other undisclosed cash, cash equivalents, and short-term investments372349279238183155131
Total current assets:375350281240184159135
Noncurrent Assets
Operating lease, right-of-use asset139149161
Long-term investments and receivables2,9202,0131,7641,5921,6321,333787
Long-term investments2,9202,0131,7641,5921,6321,333787
Total noncurrent assets:3,0592,1621,9251,5921,6321,333787
Other undisclosed assets34,75230,27725,11822,96221,77619,83020,504
TOTAL ASSETS:38,18532,78827,32424,79423,59221,32221,426
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities28,04623,06218,19116,89015,22313,24613,061
Total liabilities:28,04623,06218,19116,89015,22313,24613,061
Temporary equity, carrying amount      757
Stockholders' equity
Stockholders' equity attributable to parent10,1399,7269,1337,9048,3698,0757,609
Common stock1111111
Treasury stock, value(3,847)(3,622)(3,422)(3,398)(3,322)(3,272)(2,886)
Additional paid in capital2,2742,2452,2202,1892,1662,1412,104
Accumulated other comprehensive income (loss)1253528(463)(161)(217)(232)
Retained earnings11,70010,56710,3079,5749,6869,4238,622
Total stockholders' equity:10,1399,7269,1337,9048,3698,0757,609
TOTAL LIABILITIES AND EQUITY:38,18532,78827,32424,79423,59221,32221,426

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11,8669,5988,2317,3776,6085,7945,838
Premiums earned, net   6,932
Financial services revenue5,9385,3205,481
Cost of revenue(7,391)(6,551)(4,923)(5,651)(4,523)(3,140)(3,102)
Policyholder benefits and claims incurred, net(7,391)(6,551)(4,923)(5,651)
Financial services costs(4,523)(3,140)(3,102)
Gross profit:4,4753,0473,3081,7262,0852,6552,736
Operating expenses(2,791)(2,384)(2,145)(1,891)(1,623)(1,491)(1,491)
Operating income (loss):1,6846631,164(165)4631,1631,245
Interest and debt expense(6)(8)(32)(31)(32)(36)(36)
Income (loss) from continuing operations before equity method investments, income taxes:1,6786551,132(196)4311,1271,209
Other undisclosed loss from continuing operations before income taxes(132)(70)(33)(31)(26)(27) 
Income (loss) from continuing operations before income taxes:1,5465851,099(226)4051,1001,209
Income tax expense (benefit)(167)(71)(90)33064(104)(134)
Net income:1,3795141,0091044699961,074
Net loss attributable to noncontrolling interest      (97)
Net income attributable to parent:1,3795141,009104469996978
Other undisclosed net loss available to common stockholders, basic(262)(252)(243)(215)(210)(204)(184)
Net income (loss) available to common stockholders, diluted:1,117262766(111)259792794

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,3795141,0091044699961,074
Other comprehensive income (loss)(523)507491(300)5715(280)
Comprehensive income (loss):8561,0211,500(197)5261,011794
Comprehensive loss, net of tax, attributable to noncontrolling interest      (97)
Comprehensive income (loss), net of tax, attributable to parent:8561,0211,500(197)5261,011698

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: