Everest Re Group (NYSE:RE) Third Quarter 2022 Results
Key Financial Results
Revenue: US$3.08b (up 4.8% from 3Q 2021).
Net loss: US$319.0m (loss widened by 337% from 3Q 2021).
US$8.22 loss per share (further deteriorated from US$1.86 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Everest Re Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in the US.
The company's shares are up 3.1% from a week ago.
Before you take the next step you should know about the 2 warning signs for Everest Re Group that we have uncovered.
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