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EVEREST RE GROUP LTD (RE)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Reinsurance | 8,663.0 | 7,757.0 | 6,466.0 | 5,491.3 | 5,293.1 | | | |
| U.S. Reinsurance | | | | | | 2,181.2 | 2,072.2 | 1,952.7 |
| Insurance | 3,124.0 | 2,649.0 | 2,215.0 | 1,912.4 | 1,638.6 | 1,461.4 | 1,291.2 | 1,266.7 |
| Bermuda | | | | | | 1,093.3 | 838.0 | 822.4 |
| Other | 273.0 | 1,460.0 | 917.0 | 827.5 | 429.8 | 1,886.5 | 1,593.0 | 1,635.0 |
| Total revenues | 12,060.0 | 11,866.0 | 9,598.0 | 8,231.2 | 7,361.5 | 6,622.3 | 5,794.3 | 5,676.8 |
| Revenue growth | 1.6% | 23.6% | 16.6% | 11.8% | 11.2% | 14.3% | 2.1% | 0.0% |
| Loss and loss adjustment expenses | 8,100.0 | 7,391.0 | 6,551.0 | 4,922.9 | 5,651.4 | 4,522.6 | 3,139.6 | 3,064.7 |
| Policy acquisition costs | | | | | 1,519.0 | 1,304.0 | 1.2 | 1,183.6 |
| Other underwriting costs | 682.0 | 583.0 | 511.0 | 440.9 | 371.5 | 318.8 | 302.7 | 257.1 |
| Investment expenses | 62.0 | 54.0 | 50.0 | 42.1 | 39.5 | 27.5 | 27.4 | 31.6 |
| Other operating expenses | 2,628.0 | 2,292.0 | 1,901.0 | 1,726.3 | 22.2 | 30.1 | 1,187.3 | -8.3 |
| General and administrative | 61.0 | 68.0 | 41.0 | 33.0 | 30.7 | 25.9 | 27.2 | 23.3 |
| EBIT | 588.0 | 1,545.0 | 585.0 | 1,099.0 | -242.2 | 429.0 | 1,136.1 | 1,148.1 |
| EBIT margin | 4.9% | 13.0% | 6.1% | 13.4% | -3.3% | 6.5% | 19.6% | 20.2% |
| Interest and other income (expense), net | | | | | | 9.6 | | |
| Interest expense, net [+] | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -9.6 | 17.6 | 29.9 |
| Interest expense | | | | | | | 36.2 | 36.2 |
| Interest income | | | | | | | 18.6 | 6.3 |
| Pre-tax income | 588.0 | 1,546.0 | 585.0 | 1,099.0 | -242.2 | 419.4 | 1,099.8 | 1,111.9 |
| Income taxes | -9.0 | 167.0 | 71.0 | 89.5 | -331.2 | -63.3 | 103.5 | 134.0 |
| Tax rate | | 10.8% | 12.1% | 8.1% | 136.8% | | 9.4% | 12.1% |
| Net income | 597.0 | 1,379.0 | 514.0 | 1,009.5 | 89.0 | 482.8 | 996.3 | 977.9 |
| Net margin | 5.0% | 11.6% | 5.4% | 12.3% | 1.2% | 7.3% | 17.2% | 17.2% |
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| Basic EPS | $15.31 | $35.36 | $12.85 | $24,974.29 | $2,193.88 | $11,819.68 | $23,934.47 | $22,328.33 |
| Diluted EPS | $15.31 | $35.36 | $12.85 | $25.05 | $2.20 | $11.89 | $24.11 | $22.52 |
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| Shares outstanding (basic) | 39.0 | 39.0 | 40.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Shares outstanding (diluted) | 39.0 | 39.0 | 40.0 | 40.3 | 40.4 | 40.6 | 41.3 | 43.4 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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