Everest Group, Ltd. (NYSE:EG) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Matthew Rohrmann - Senior Vice President, Head of Investor Relations Juan Andrade - President and Chief Executive Officer Mark Kociancic - Executive Vice President and Chief Financial Officer James Williamson - Executive Vice President, Group Chief Operating Officer and Head of Everest Reinsurance Division Michael Karmilowicz - Executive Vice President and President and Chief Executive Officer of ...

Investor Presentation Everest Re Group, Ltd. We underwrite opportunity. Everest Re Group, Ltd. World-class leadership team Mark Kociancic EVP, Group Chief Financial Officer Gail Van Beveren EVP, Chief Human Resources Officer Chris Downey SVP, Chief Underwriting Officer, Everest Reinsurance Cautionary Note On Forward-Looking Statements 2 Building on Everest's Strengths to Advance our Strategy 4 Juan C. Andrade President and Chief Executive Officer Mike Karmilowicz EVP, President & CEO of Everest Insurance® M ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q X Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-15731 EVEREST GROUP, LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0365432 (State or other jurisdiction of incorporation or organization) ...

Second Quarter 2023 Everest Re Group, Ltd. 2 Everest Strategic Overview Everest Re Group, Ltd. 4 Everest Re Group, Ltd. Mark Kociancic EVP, Group Chief Financial Officer Mike Karmilowicz EVP, President & CEO of Everest Insurance® Ricardo Anzaldua EVP, General Counsel Anne Rocco SVP, Group Chief Transformation and Shared Services Leader Dawn Lauer SVP, Chief Communications Officer Srini Maddineni Chief Information Officer Ari Moskowitz Group Chief Risk Officer Everest - Strategic Building Blocks | --- | --- ...

Everest Group, Ltd. (NYSE:EG) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Matthew Rohrmann - Senior Vice President, Head of Investor Relations Juan Andrade - President and Chief Executive Officer Mark Kociancic - Executive Vice President and Chief Financial Officer James Williamson - Executive Vice President, Group Chief Operating Officer and Head of Everest Reinsurance Division Michael Karmilowicz - Executive Vice President and President and Chief Executive Officer of the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-15731 EVEREST RE GROUP, LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0365432 (State or other jurisdiction of incorporation or organizati ...

Everest Re Group, Ltd. (RE) Q1 2023 Earnings Conference Call May 2, 2023 8:00 AM ET Company Participants Matt Rohrmann - Senior Vice President and Head, Investor Relations Juan Andrade - President and Chief Executive Officer Mark Kociancic - Executive Vice President and Chief Financial Officer Jim Williamson - Chief Operating Officer and Head, Reinsurance Mike Karmilowicz - Executive Vice President and President and Chief Executive Officer, Insurance Division Conference Call Participants Elyse Greenspan - W ...

Reinsurance Segment Performance - In 2022, the Company's Reinsurance segment wrote $9.3 billion of gross written premiums, with 90.2% ($8.4 billion) written directly through the Company's offices[41]. - The Property Pro Rata business accounted for 28.0% of reinsurance gross written premiums, primarily covering property damage and related losses[40][42]. - The Property Catastrophe Excess of Loss (XOL) business represented 15.3% of reinsurance gross written premiums, covering catastrophic losses from events like hurricanes and earthquakes[40][44]. - The Casualty Pro Rata business accounted for 28.5% of reinsurance gross written premiums, covering various liability losses[40][45]. - The Company leads on approximately two-thirds of its treaty reinsurance business, allowing for more favorable terms and conditions[53]. Insurance Segment Performance - The Insurance segment wrote $4.6 billion of gross written premiums in 2022, with Specialty Casualty accounting for 35.0% of this segment[48][49]. - The Accident and Health business accounted for 10.8% of Insurance gross written premiums, covering various medical protection policies[48]. - The Workers' Compensation business accounted for 11.1% of Insurance gross written premiums, including both guaranteed cost and loss-sensitive offerings[51]. Catastrophe Risk Management - The Company employs selective underwriting practices and diversifies its risk portfolio to manage exposure to catastrophic events[60]. - The Company utilizes sophisticated Monte Carlo simulation techniques to estimate potential losses from catastrophic events[61]. - The projected net economic loss from the Company's largest 100-year event represents approximately 6.9% of its December 31, 2022 shareholders' equity[67]. - The Company's catastrophe loss projections are updated quarterly and segmented by risk zones, with significant losses projected for California (up to $1,762 million) and Southeast U.S. (up to $1,224 million) at the 1 in 500 return period[69]. - Management sets limits on catastrophe loss exposure based on financial resources and risk/reward analyses, which are revised periodically[65]. - The Company has increased its use of reinsurance offered through capital market facilities in recent years[73]. - The Company's methods for monitoring and managing catastrophe exposures are integrated with its enterprise risk management and capital management plans[69]. - The Company is exposed to terrorism risk, particularly in its workers' compensation and property policies, despite some coverage limitations[70]. Claims Management and Reserves - The Company actively manages its claims through a professional staff, ensuring effective evaluation and payment processes[77]. - The reserving process for unpaid losses involves collaboration across various departments, aiming to establish the best estimate of ultimate liability[83]. - The Company's gross reserves for asbestos and environmental claims represented 1.3% of its total reserves as of December 31, 2022[86]. - The Company retroceded 100% of the liabilities associated with certain Mt. McKinley policies, receiving $140.3 million in cash, which equals the net loss reserves as of the closing date[87]. - The maximum liability retroceded under the retrocession treaty increased to $450.3 million following an amendment and partial commutation[88]. Financial Position and Investments - The Company's cash and invested assets totaled $29.9 billion at December 31, 2022, with 85.4% in fixed maturities, short-term investments, and cash[98]. - The average duration of the fixed income portfolio was 3.1 years at December 31, 2022, compared to 3.2 years in 2021[96]. - Approximately 42.7% of the Company's consolidated reserves for losses and LAE and unearned premiums are payable in foreign currencies[97]. - The Company reported pre-tax investment income of $830 million for 2022, with a yield of 2.79%[101]. - The fair value of the Company's fixed maturities was $23.1 billion at December 31, 2022, with 36.6% rated AAA[102]. - The Company has structured commercial mortgage-backed securities with a book value of $1.0 billion and a fair value of $925.8 million[100]. - The average maturity of fixed maturity securities was 4.6 years at December 31, 2022[98]. - The Company maintains a diversified investment portfolio to enhance risk-adjusted total returns while ensuring funds are available to meet insurance obligations[93]. Operational and Regulatory Overview - As of February 1, 2023, the company employed 2,428 persons, with no employees subject to collective bargaining agreements[119]. - The company's statutory earned surplus was $5.6 billion at December 31, 2022, allowing for potential dividends[130]. - The maximum amount available for dividend payments by Everest Re in 2023 without regulatory approval is $555 million[130]. - The company maintains a diversified global platform with high-quality invested assets and significant liquidity[117]. - The company’s capital position is strong, with a low operating expense ratio[117]. - The company’s insurance subsidiaries are subject to various regulatory requirements across multiple jurisdictions, including the U.S., Canada, and Bermuda[124]. - The company’s long-term insurers must maintain a minimum solvency margin of $250,000[129]. - The company continues to monitor the impact of the Tax Cuts and Jobs Act and the Inflation Reduction Act on its operations[151][152]. Diversity and Corporate Responsibility - The company has a proactive diversity recruitment strategy integrated into its succession planning[122]. - The company emphasizes the importance of diversity in its governance and corporate responsibility initiatives[121]. International Operations - Everest Re is licensed as a property and casualty reinsurer in Canada, Singapore, and Brazil, and can write reinsurance in other foreign countries[138]. - Everest National, Everest Indemnity, Everest Security, Everest Denali, and Everest Premier are licensed in all 50 states and the District of Columbia[140][141]. - Bermuda Re and Everest International are registered as Class 4 insurers in Bermuda, with Bermuda Re also registered as a long-term insurer[142]. - As of December 31, 2022, Everest Re and its subsidiaries exceed the minimum thresholds set by the NAIC Risk-Based Capital Requirements[148]. - Group and its Bermuda subsidiaries are exempt from taxation in Bermuda until March 2035, with no income, withholding, or capital gains taxes imposed[150]. - Everest Assurance is registered as a foreign insurer in several countries, including Bolivia, Colombia, and Chile[143]. - Ireland Re and Ireland Insurance are licensed to write non-life reinsurance and insurance for the European markets[144]. - The company’s financial examinations by state regulators have not revealed any material findings or recommendations[145]. - Everest's various international branches are subject to local taxation in their respective jurisdictions, including the UK, Ireland, and Switzerland[153][154][155].

Everest Re Group, Ltd. (RE) Q4 2022 Earnings Conference Call February 9, 2023 8:00 AM ET Company Participants Matthew Rohrmann - SVP, Head of IR Juan Andrade - President, CEO Mark Kociancic - EVP and CFO James Williamson - EVP, Group COO and Head of Everest Reinsurance Division Michael Karmilowicz - EVP and President and CEO of the Insurance Division Conference Call Participants Yaron Kinar - Jefferies Brian Meredith - UBS Meyer Shields - KBW Elyse Greenspan - Wells Fargo Charles Peters - Raymond James Mich ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q _X_ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2022 ___ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-15731 EVEREST RE GROUP, LTD. Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchang ...