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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:350281240184159135157
Cash and cash equivalents      437
Short-term investments12314414
Other undisclosed cash, cash equivalents, and short-term investments349279238183155131(295)
Total current assets:350281240184159135157
Noncurrent Assets
Operating lease, right-of-use asset149161
Long-term investments and receivables2,0131,7641,5921,6321,333787602
Long-term investments2,0131,7641,5921,6321,333787602
Total noncurrent assets:2,1621,9251,5921,6321,333787602
Other undisclosed assets30,27725,11822,96221,77619,83020,50420,059
TOTAL ASSETS:32,78827,32424,79423,59221,32221,42620,818
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation      238
Long-term debt, excluding current maturities      238
Total noncurrent liabilities:      238
Other undisclosed liabilities23,06218,19116,89015,22313,24613,06112,707
Total liabilities:23,06218,19116,89015,22313,24613,06112,945
Temporary equity, carrying amount     757 
Stockholders' equity
Stockholders' equity attributable to parent9,7269,1337,9048,3698,0757,6097,451
Common stock1111111
Treasury stock, value(3,622)(3,422)(3,398)(3,322)(3,272)(2,886)(2,486)
Additional paid in capital2,2452,2202,1892,1662,1412,1042,069
Accumulated other comprehensive income (loss)53528(463)(161)(217)(232)48
Retained earnings10,56710,3079,5749,6869,4238,6227,819
Other undisclosed stockholders' equity      422
Total stockholders' equity:9,7269,1337,9048,3698,0757,6097,873
TOTAL LIABILITIES AND EQUITY:32,78827,32424,79423,59221,32221,42620,818

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,5988,2317,3776,6085,7945,8385,791
Premiums earned, net  6,932
Underwriting income      887
Financial services revenue5,9385,3205,4815,169
Cost of revenue(6,551)(4,923)(5,651)(4,523)(3,140)(3,102)(2,907)
Policyholder benefits and claims incurred, net(6,551)(4,923)(5,651)
Deferred policy acquisition costs, amortization expense      1,136
Financial services costs(4,523)(3,140)(3,102)(2,907)
Gross profit:3,0473,3081,7262,0852,6552,7362,884
Operating expenses(2,384)(2,145)(1,891)(1,623)(1,491)(1,491)(1,141)
Operating income (loss):6631,164(165)4631,1631,2451,743
Nonoperating income
(Investment Income, Nonoperating)
      531
Interest and debt expense(8)(32)(31)(32)(36)(36)(39)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (789)
Income (loss) from continuing operations before equity method investments, income taxes:6551,132(196)4311,1271,2091,446
Other undisclosed loss from continuing operations before income taxes(70)(33)(31)(26)(27)  
Income (loss) from continuing operations before income taxes:5851,099(226)4051,1001,2091,446
Income tax expense (benefit)(71)(90)33064(104)(134)(188)
Net income:5141,0091044699961,0741,258
Net loss attributable to noncontrolling interest     (97)(59)
Net income attributable to parent:5141,0091044699969781,199
Other undisclosed net loss available to common stockholders, basic(252)(243)(215)(210)(204)(184)(157)
Net income (loss) available to common stockholders, diluted:262766(111)2597927941,042

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:5141,0091044699961,0741,258
Other comprehensive income (loss)507491(300)5715(280)(109)
Comprehensive income (loss):1,0211,500(197)5261,0117941,149
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (97)59
Other undisclosed comprehensive loss, net of tax, attributable to parent      (119)
Comprehensive income (loss), net of tax, attributable to parent:1,0211,500(197)5261,0116981,090

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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