Everest Re Reports Q1 2023: Net Income $365M, Operating Income $443M, GWP +19.5%

EVEREST GROUP, LTD.

2023-Q1 EPS reported $9.31 revenue$3,286,000,000

Net income $365M ($9.31/diluted sh) vs $298M ($7.56) in Q1 2022; operating income $443M ($11.31/sh) vs $406M ($10.31).
Gross written premium $3.7B, up 19.5% constant currency; reinsurance segment record $2.64B (+23.2% constant currency).
Combined ratio 91.2% (improved 0.4 pts); attritional combined ratio 87.5%; pre-tax underwriting income $273M.
Pre-tax catastrophe losses $110M (Turkey earthquake, NZ floods/cyclone) vs $115M prior year.
Net investment income up $260M YoY; book value per share $229.49 vs $215.54 at Dec 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVEREST GROUP, LTD. reported first quarter 2023 results: revenue $3.7 billion, net income $365 million, EPS $9.31 per diluted share.

Period: first quarter 2023
Revenue: $3.7 billion
Net income: $365 million
EPS: $9.31 per diluted share
Result: reported results

Exact text from the filing

and Net Income of $365 million driven by continued underwriting margin improvement • 14.1% Total Shareholder Return, 14.2% Net Income ROE, and 17.2% Operating Income ROE • $3.7 billion in gross written premium (“GWP”) with year-over-year growth of 19.5% in constant dollars as reported for the Group, 23.2% in constant dollars excluding reinstatements for

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Source: SEC EDGAR

accession 0001095073-23-000020

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