HISTORY

For over 40 years, Everest Re Group is a top reinsurance and insurance company in property &

casualty. Everest Re Group traces its roots back in 1973 as Prudential Reinsurance based in

Hamilton, Bermuda. It was a subsidiary of Prudential Financial as its reinsurance arm. Prudential

Financial, the former parent company of the organization holds its position as the largest

insurance company in the USA with its assets of 1.456 trillion U.S. dollars.[ CITATION wik \l 1033 ]

Because of the business, it was in, Prudential’s reinsurance business faced a huge loss after being

hard hit by several natural disasters. In 1994, the company lost $907 million because of the

Northridge, California Earthquake & Hurricane Andrew.[ CITATION Ney \l 1033 ]

New York Times Archives

In the 1990s, Prudential Reinsurance was announced to spin-out by the parent company which

was later completed an initial public offering to an IPO on October 6, 1995. Joseph V. Taranto

was new to the Chairman & CEO of the insurance at that time.[ CITATION prn \l 1033 ] In 1996,

Prudential Reinsurance was renamed as Everest Re under the observation of new administration.

Everest Re is an S&P 500 GICS (Global Industry Classification Standard) component in the

Reinsurance Sub-Industry index & removed from S&P MIDCAP 400 INDEX on June 19, 2017.[

CITATION wik \l 1033 ].In 2000,Everest Re moved to Bermuda for a better global presence. In

2003, the company applied hard-market growth strategy. In 2005, the company maintains its top

position in ratings despite of unprecedented hurricane losses. In 2008, Everest Reinsurance

extended by forming a subsidiary in Ireland & representative office in Brazil. In 2014, Dominic

Addesso became the President and CEO of the company. [ CITATION eve \l 1033 ]

The earthquake of central Mexico City & Hurricanes Irma, Maria & Harvey heavily affected the

organization financially in 2017. These catastrophes weighed on Everest Re Group’s pretax loss

of $904 million & net loss after tax was $639.4 million ($15.73 per common share. In the

previous year of the hazard, Everest gained a profit of $295.4 million ($7.06 per share) in 2016.

[ CITATION roy \l 1033 ]

As of 2016, the company reported that the reinsurance segment provided 70% of its premiums &

the remainder is from insurance. The total premiums of that year were the US $6 billion.

Property insurance and reinsurance provided 61% of premiums & the remaining parts from

casualty insurance and reinsurance.[ CITATION roy \l 1033 ] In the reinsurance premium case,

Everest Re received 52% from the United States, 17% from Europe, 15% from Latin America, &

the rest from other parts of the world. Juan Andrade becomes the new President & CEO of
Everest Re in 2020. In 2021, Everest will open its new in Headquarters Warren, NJ, U.S.

[ CITATION www \l 1033 ]

The company is now operating through the following segments:

• U.S. Reinsurance Segment.

• International Segment.

• Bermuda Segment.

• Insurance Segment.[ CITATION mar \l 1033 ]

Everest Re Group - revenue History of 5 years

The annual revenue of the Everest Re group for 2017 was $6.622B (14.29% increase from 2017).

The revenue increased to $7.361B for 2018 which later more increased to $8.231B in

2019(11.81% increased from 2018). The twelve-month ending revenue of Everest Re on June 30,

2020, was $8.483B.[ CITATION mac \l 1033 ]

Everest Re Group – net income of 5 years

 Quarter Ending (June 30, 2020) net income of Everest Re Group was $0.191B. (42.66%

decline year-over-year).

 Twelve months ending (till June 30, 2020) net income was $0.530B. (6.71% increase year-

over-year)

 The annual net income was $1.009B for the Everest Re group in 2019.

 The annual net income was $0.089B for the Everest Re group in 2018. (81.56% decline from

2017)

 The annual net income was $0.483B for Everest Re group in 2017. (51.55% decline from

2016)[ CITATION mac \l 1033 ]

Everest Re Group - Stock Price History of 25 years

Stock Price History of Everest Re Group since 1995 has been collected, adjusted for splits &

shown in price chart & percentage. The latest stock closing price (as of data collected on

September 25, 2020) for Everest Re Group is 198.64.

 The starting Stock price of Everest Re Group was 13.819. (October 16, 1995)
  The highest ever stock closing price of Everest Re Group was 291.78. (February 13,

2020)

 The Everest Re Group's high stock price is 48.2% above the current share price which

is 294.31. (based on last 52 weeks)

 The low stock price of Everest Re Group is 20.8% below the current share price which

is 157.32. (based on last 52 weeks)

 Everest Re Group’s average stock price is 232.48.(based on the last 52 weeks)[ CITATION

mac \l 1033 ]

The present market capital of Everest Re Group is $8.058B & revenue is $8.231B. Everest is

committed to long-term value for its business partners & shareholders to advance their

organization. After comparing the last 5 years (2015-2019) & last 10 years (2010-2019) of the

organization key profitability measures have been collected on a weighted average.[ CITATION

www \l 1033 ] The combined ratio was 96.8% in the last 5 years & 96.3% in the last 10 years.

Pretax operating ROR & operating ROE 11.6% & 9.1% in last 5 years & 13.1% & 9.8% in last

10 years, respectively.[ CITATION eve \l 1033 ]