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Everest Re Group, Ltd.: Everest Re Group Reports First Quarter 2021 Results
14% Growth in Gross Written Premium with
Continued Attritional Underwriting Margin Improvement
Everest Re Group, Ltd. ( Everest or the Company ) today reported its 2021 first quarter results. First Quarter 2021 Highlights
Net operating income of $260 million, equal to $6.49 per share
Gross written premium growth of 14% and net written premium growth of 16%
Attritional combined ratio of 87.3%, a 2.5-point improvement year over year
Underwriting income of $45 million inclusive of pre-tax net catastrophe losses of $270 million ($260 million net of reinstatement premiums)
No change to the Covid-19 Pandemic ( Pandemic ) loss provision
Combined ratio of 98.1%
The following table summarizes the Company s net income and related financial metrics.
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Press release content from Business Wire. The AP news staff was not involved in its creation.
Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses
April 19, 2021 GMT
HAMILTON, Bermuda (BUSINESS WIRE) Apr 19, 2021
Everest Re Group, Ltd. (“Everest” or the “Company”) announced today preliminary information on first quarter 2021 catastrophe losses in advance of its full quarterly earnings to be released on April 28, 2021.
Everest is estimating pre-tax net catastrophe losses for the first quarter 2021 as detailed in the table below.
All amounts are net of reinsurance recoveries and reinstatement premiums
For the Texas winter storms Everest is estimating insured industry losses of approximately $15 billion
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