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Recap: Everest Re Group Q4 Earnings

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Benzinga Insights
·1 min read
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Shares of Everest Re Group (NYSE:RE) rose in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 135.00% over the past year to ($1.12), which beat the estimate of ($1.16).

Revenue of $2,396,000,000 rose by 23.00% year over year, which beat the estimate of $2,320,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

View more earnings on RE

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

Company's 52-week high was at $294.31

52-week low: $157.32

Price action over last quarter: Up 14.26%

Company Description

Everest Re Group Ltd is an insurance and reinsurance company with a distribution network. The company's segments include: the U.S. Reinsurance segment that writes property and casualty reinsurance for large U.S. insurance companies and special lines of business comprising of Marine, Aviation, Surety, and Accident and Health business; the International segment, which focuses on several international reinsurance markets including Canada, Asia, Latin America, Brazil, Africa and the Middle East; the Bermuda segment that writes property and casualty reinsurance through Bermuda Re, the U.K. branch and Ireland Re; and the Insurance segment that writes insurance including property casualty insurance. The U.S. Reinsurance segment generates the majority of the revenue for the company.

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