Everest Re (RE) Tops Q3 EPS by 76c, Revenues Beat

Everest Re (NYSE: RE) reported Q3 EPS of $2.42, $0.76 better than the analyst estimate of $1.66. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.15 billion.

Everest Re Group President & CEO Juan C. Andrade commented: “Everest is benefitting from a flight to quality and strength in the reinsurance and insurance markets. This is an underwriter’s market. Our broadly diversified reinsurance and insurance franchises, our financial strength, deep distribution relationships, and our focus on providing solutions to our customers position us well for this environment. Everest’s core strength is evidenced by our third quarter 2020 results where we achieved 16% growth in gross written premium, an improved attritional combined ratio of 85.8% and net income of $243 million.”

For earnings history and earnings-related data on Everest Re (RE) click here.

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