Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through the following segments: U.S. Reinsurance, International, Bermuda, and Insurance. The U.S. Reinsurance segment writes property and casualty reinsurance and specialty lines of business, including marine, aviation, surety, and accident and health business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U.S. The International segment offers foreign property and casualty reinsurance through Everest Re's branches in Canada and Singapore and through offices in Brazil, Miami, and New Jersey. The Bermuda segment comprises reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its Bermuda office and reinsurance to the United Kingdom and European markets through its UK branch and Ireland Re. The Insurance segment writes property and casualty insurance directly and through brokers, surplus lines brokers, and general agents within the U.S., Canada, and Europe. The company was founded in 1999 and is headquartered in Hamilton, Bermuda.
Highlights
RE's price to earnings (P/E) is 29% lower than its 5-year quarterly average of 21.3 and 8% lower than its last 4 quarters average of 16.3
The revenue has increased by 10% YoY and by 2.9% from the previous quarter
The gross profit has grown by 47% YoY but it has contracted by 10% from the previous quarter
The gross margin has grown by 34% YoY but it has contracted by 13% from the previous quarter
Key stats
What are the main financial stats of RE
Market
Shares outstanding
39.97M
Market cap
$7.88B
Enterprise value
$7.58B
Valuations
Price to earnings (P/E)
15.07
Price to book (P/B)
0.85
Price to sales (P/S)
0.93
EV/EBIT
14.14
EV/EBITDA
14.14
EV/Sales
0.89
Earnings
Revenue
$8.48B
EBIT
$536.01M
EBITDA
$536.01M
Free cash flow
$2.1B
Per share
EPS
$13.08
Free cash flow per share
$52.59
Book value per share
$232.23
Revenue per share
$212.15
TBVPS
$714.85
Balance sheet
Total assets
$28.58B
Total liabilities
$19.3B
Debt
$620.76M
Equity
$9.29B
Working capital
N/A
Liquidity
Debt to equity
0.07
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.56
Margins
EBITDA margin
6.3%
Gross margin
12.5%
Net margin
6.2%
Operating margin
6.3%
Efficiency
Return on assets
1.9%
Return on equity
5.9%
Return on invested capital
2%
Return on capital employed
N/A
Return on sales
6.3%
Dividend
Dividend yield
3.15%
DPS
$6.2
Payout ratio
47.4%
RE stock price
How has the Everest Re Group stock price performed over time
Financial performance
How have Everest Re Group's revenue and profit performed over time
Revenue
$8.48B
Gross profit
$1.06B
Operating income
$536.01M
Net income
$529.53M
Gross margin
12.5%
Net margin
6.2%
The operating income has soared by 77% year-on-year but it is down by 20% since the previous quarter
The operating margin has soared by 62% YoY but it has contracted by 23% from the previous quarter
The gross profit has grown by 47% YoY but it has contracted by 10% from the previous quarter
The gross margin has grown by 34% YoY but it has contracted by 13% from the previous quarter
Growth
What is Everest Re Group's growth rate over time
Valuation
What is Everest Re Group stock price valuation
P/E
15.07
P/B
0.85
P/S
0.93
EV/EBIT
14.14
EV/EBITDA
14.14
EV/Sales
0.89
RE's price to earnings (P/E) is 29% lower than its 5-year quarterly average of 21.3 and 8% lower than its last 4 quarters average of 16.3
The company's EPS fell by 21% QoQ but it rose by 6% YoY
RE's P/B is 23% below its 5-year quarterly average of 1.1 and 23% below its last 4 quarters average of 1.1
RE's equity is up by 8% since the previous quarter and by 4.5% year-on-year
The P/S is 34% less than the 5-year quarterly average of 1.4 and 23% less than the last 4 quarters average of 1.2
The revenue has increased by 10% YoY and by 2.9% from the previous quarter
Efficiency
How efficient is Everest Re Group business performance
Everest Re Group's return on invested capital has surged by 67% YoY but it has decreased by 20% QoQ
The company's return on sales has surged by 62% YoY but it fell by 23% QoQ
Everest Re Group's ROA has decreased by 24% from the previous quarter and by 5% YoY
RE's return on equity is down by 21% since the previous quarter
Dividends
What is RE's dividend history
DPS
$6.2
Dividend yield
3.15%
Payout ratio
47.4%
Recent dividends
Financial health
How did Everest Re Group financials performed over time
The total assets is 48% greater than the total liabilities
The total liabilities has grown by 10% YoY and by 3.5% from the previous quarter
The total assets has grown by 8% year-on-year and by 5% since the previous quarter
The debt is 93% less than the equity
The debt has contracted by 9% from the previous quarter and by 2% YoY
RE's equity is up by 8% since the previous quarter and by 4.5% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.