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Everest Re (RE) Stock

Profile

Country:

Bermuda

IPO:

03 October 1995

Indexes:

Not included

Description:

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in the United States, Bermuda, Canada, Europe, South America, France, Germany, Spain, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. The company was founded in 1973 and is headquartered in Hamilton, Bermuda.

Events Calendar

Earnings

Next earnings date:

N/A

Recent quarterly earnings:

July 27, 2023

Recent annual earnings:

Feb 08, 2023
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

May 30, 2023
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

17 July '23 Wells Fargo
Overweight
13 July '23 Morgan Stanley
Overweight
07 July '23 Raymond James
Strong Buy
22 June '23 Citigroup
Buy
21 June '23 Citigroup
Buy
20 June '23 Morgan Stanley
Overweight
06 June '23 Wells Fargo
Overweight
10 May '23 Keefe, Bruyette & Woods
Outperform
03 May '23 Wells Fargo
Overweight
10 Apr '23 Jefferies
Buy

Screeners with RE included

No data

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Institutional Ownership

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Everest Re: P&C Strategy And Localized Growth Support A Reversion Theme
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Everest Re, a multinational provider of reinsurance and insurance products, is rebranding as 'Everest Group' and changing its ticker to 'EG' to reflect its dual focus on reinsurance and primary insurance products. The company's Q1 revenues were $3.29bn, a 13.45% YoY increase, with a net income of $360.00mn, up 22.54% YoY, and a free cash flow of $1.20bn, up 19.01% since Q1'22. Combined with operational growth driven by macro tailwinds for reinsurance, segmented diversification, and geographic growth, this leads me to rate Everest a 'buy'

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Segmental strength, solid capital position and favorable estimates poise Everest Re (RE) well for growth.

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While the top- and bottom-line numbers for Everest Re (RE) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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Everest Re's (RE) first-quarter results are likely to benefit from diversified growth across most lines of business, an increase in Casualty and Financial Lines, higher new money yields and prudent underwriting.

FAQ

  • What is the primary business of Everest Re?
  • What is the ticker symbol for Everest Re?
  • Does Everest Re pay dividends?
  • What sector is Everest Re in?
  • What industry is Everest Re in?
  • What country is Everest Re based in?
  • When did Everest Re go public?
  • Is Everest Re in the S&P 500?
  • Is Everest Re in the NASDAQ 100?
  • Is Everest Re in the Dow Jones?
  • When was Everest Re's last earnings report?
  • When does Everest Re report earnings?
  • Should I buy Everest Re stock now?

What is the primary business of Everest Re?

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in the United States, Bermuda, Canada, Europe, South America, France, Germany, Spain, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. The company was founded in 1973 and is headquartered in Hamilton, Bermuda.

What is the ticker symbol for Everest Re?

The ticker symbol for Everest Re is NYSE:RE

Does Everest Re pay dividends?

No, Everest Re does not pay dividends

What sector is Everest Re in?

Everest Re is in the Financial Services sector

What industry is Everest Re in?

Everest Re is in the Insurance - Reinsurance industry

What country is Everest Re based in?

Everest Re is headquartered in Bermuda

When did Everest Re go public?

Everest Re's initial public offering (IPO) was on 03 October 1995

Is Everest Re in the S&P 500?

No, Everest Re is not included in the S&P 500 index

Is Everest Re in the NASDAQ 100?

No, Everest Re is not included in the NASDAQ 100 index

Is Everest Re in the Dow Jones?

No, Everest Re is not included in the Dow Jones index

When was Everest Re's last earnings report?

Everest Re's most recent earnings report was on 27 July 2023

When does Everest Re report earnings?

The date for Everest Re's next earnings report has not been announced yet

Should I buy Everest Re stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions