Everest Re (RE) Tops Q2 EPS by $7.48

Everest Re (NYSE: RE) reported Q2 EPS of $14.63, $7.48 better than the analyst estimate of $7.15.

• Net income of $680 million equal to $16.95 per share
• Net operating income of $587 million, equal to $14.63 per share
• Gross written premium growth of 35% and net written premium growth of 39%
• GAAP calendar year combined ratio of 89.3%, an 8-point improvement year over year, and attritional combined ratio of 87.6%, a 0.9 point improvement year over year
• Underwriting income of $274 million inclusive of pre-tax net catastrophe losses of $45 million primarily from several global events in the Quarter.
• No change to Covid-19 Pandemic (“Pandemic”) loss provision of $511 million

Operating cashflow of $724 million for the quarter

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

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