Last $160.72 USD
Change Today -1.94 / -1.19%
Volume 350.1K
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As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

everest re group ltd (RE) Key Developments

Everest Re Group, Ltd. Announces Consolidated Unaudited Earnings Results for the Three Months and Six Months Ended June 30, 2014; Provides Tax Rate Guidance for the Full Year of 2014

Everest Re Group Ltd. announced consolidated unaudited earnings results for the three months and six months ended June 30, 2014. For the three months, the company reported total revenue was $1,425,460,000 compared with $1,354,543,000 for the same period in the last year. Income before taxes was $361,785,000 compared with $322,455,000 for the same period in the last year. Net income attributable to Everest re group was $290,184,000 compared with $275,642,000 for the same period in the last year. Diluted earnings per common share were $6.26 compared with $5.56 for the same period in the last year. Net cash providing by operating activities was $223,335,000 compared with $179,584,000 for the same period in the last year. Net income was $297,925,000 compared with $275,642,000 for the same period in the last year. For the six months, the company reported total revenue was $2,736,276,000 compared with $2,722,216,000 for the same period in the last year. Income before taxes was $717,039,000 compared with $792,294,000 for the same period in the last year. Net income attributable to Everest re group was $584,117,000 compared with $659,985,000 for the same period in the last year. Diluted earnings per common share were $12.46 compared with $13.09 for the same period in the last year. Net cash provided by operating activities was $590,432,000 compared with $438,942,000 for the same period in the last year. Net income was $688,947,000 compared with $659,985,000 for the same period in the last year. The company provided tax rate guidance for the full year of 2014. So with a full cat load for the year, the company expects its tax rate to be somewhere between 13% and 14%.

Andrew Carrier to Join Everest Re Group Ltd. as President of Everest Advisors, UK and General Manager of European Operations, Effective November 3, 2014

Everest Re Group Ltd. announced that Andrew Carrier will be joining the company as President of Everest Advisors, UK and General Manager of European Operations. Andrew is expected to assume his new role effective November 3, 2014. Andrew will join Everest from Argo Group where he has served as Chief Underwriting Officer since January 2011.

Everest Re Group Ltd. to Report Q2, 2014 Results on Jul 23, 2014

Everest Re Group Ltd. announced that they will report Q2, 2014 results at 5:00 PM, SA Western Standard Time on Jul 23, 2014

Everest Re Group Ltd., Q2 2014 Earnings Call, Jul 24, 2014

Everest Re Group Ltd., Q2 2014 Earnings Call, Jul 24, 2014

Everest Re Group, Ltd. Appoints Gerri Losquadro to Board of Directors

Everest Re Group Ltd. announced the appointment of Gerri Losquadro to its Board of Directors, effective May 14, 2014. Ms. Losquadro recently retired as Senior Vice President and head of Global Business Services at Marsh & McLennan Companies. Prior to assuming this role, Ms. Losquadro had been a Managing Director and senior executive for Guy Carpenter.

 

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