everest re group ltd (RE) Key Developments
Everest Re Group, Ltd. Appoints Gerri Losquadro to Board of Directors
May 16 14
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.
Everest Re Group Announces Dividend, Payable on or before June 18, 2014
May 14 14
Everest Re Group Ltd. announced that its Board of Directors declared a dividend of $0.75 per share payable on or before June 18, 2014 to all shareholders of record as of June 4, 2014.
Everest Re Group Ltd. Presents at Wells Fargo 5th Annual Insurance Forum, Jun-03-2014
Apr 25 14
Everest Re Group Ltd. Presents at Wells Fargo 5th Annual Insurance Forum, Jun-03-2014 . Venue: Westin Copley Place, Boston, Massachusetts, United States.
Everest Re Group, Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
Apr 23 14
Everest Re Group Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Revenues were $1,283.8 million against $1,367.7 million last year. Income before taxes was $355.3 million against $469.8 million last year. Net income attributable to the company was $293.9 million or $6.21 per diluted share for the first quarter of 2014 compared to net income attributable to the company of $384.3 million or $7.50 per diluted common share for the first quarter of 2013. Net cash provided by operating activities was $367.1 million against $259.4 million last year. Excluding realized capital gains and losses, after-tax operating income was $281.0 million or $5.93 per diluted common share for the first quarter 2014 compared to after-tax operating income of $301.1 million or $5.88 per diluted common share for the same period last year. Net income return on equity was 17%, driven by strong underwriting results with a combined ratio of 80.0%. Annualized after-tax operating income return on average adjusted shareholders' equity was 16.6%. Book value per share increased 4% from $146.57 at December 31, 2013 to $152.80 at March 31, 2014. Net income was driven by a solid underwriting result, offset by lower net investment income compared to the first quarter of 2013. Pretax investment income decrease was primarily driven by the decline in the limited partnership result for the quarter, although low reinvestment rates and capital used to redeem stock and debt also contributed.
Everest Re Group Ltd. to Report Q1, 2014 Results on Apr 23, 2014
Mar 19 14
Everest Re Group Ltd. announced that they will report Q1, 2014 results at 5:00 PM, SA Western Standard Time on Apr 23, 2014