Everest Re Q4 net operating income $478M, combined ratio 87.8%, ROE 20.1%

EVEREST GROUP, LTD.

2022-FY EPS reported $15.19 revenue$12,060,000,000

Net operating income $478M ($12.21/diluted share) vs $359M a year ago; GAAP net income $496M.
Group combined ratio 87.8% (86.4% Reinsurance, 91.4% Insurance) vs 91.9% prior year; catastrophe losses only 0.5 pts.
Gross written premium $3.6B, up 6.1% as reported; Insurance GWP +19%, Reinsurance +0.3% (3.7% constant $ ex reinstatements).
Pre-tax underwriting income $368M; net investment income $210M on stronger fixed-income returns.
Book value per share $215.54; excluding unrealized losses on fixed maturities $259.18, up from $252.12 year-end 2021.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVEREST GROUP, LTD. reported fourth quarter 2022 results: net income $496 million, EPS $12.66 per diluted share.

Period: fourth quarter 2022
Net income: $496 million
EPS: $12.66 per diluted share
Result: reported results

Exact text from the filing

Net Income of $496 million, equal to $12.66 per diluted share versus fourth quarter 2021 net income of $431 million, equal to $10.94 per diluted share

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EVEREST GROUP, LTD. filing history →

Source: SEC EDGAR

accession 0001095073-23-000005

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