Premiums and Revenues - Gross written premiums increased by 19.3% to $4.4 billion for the three months ended September 30, 2023, compared to $3.7 billion for the same period in 2022[111] - Net written premiums rose by 16.4% to $3.9 billion for the three months ended September 30, 2023, compared to $3.3 billion for the same period in 2022[113] - Total revenues increased by 29.9% to $3.99 billion for the three months ended September 30, 2023, compared to $3.07 billion for the same period in 2022[110] - Gross written premiums increased by 26.2% to $3.2 billion for the three months ended September 30, 2023, compared to $2.6 billion for the same period in 2022[146] - Net written premiums rose by 22.3% to $3.0 billion for the three months ended September 30, 2023, from $2.5 billion in the prior year[146] - Premiums earned increased by 16.4% to $2.6 billion for the three months ended September 30, 2023, compared to $2.2 billion for the same period in 2022[146] - Gross written premiums for the nine months ended September 30, 2023, increased by 24.3% to $8.6 billion from $6.9 billion in the same period of 2022[147] - Net written premiums for the nine months ended September 30, 2023, increased by 21.6% to $8.1 billion compared to $6.7 billion for the same period in 2022[147] - Premiums earned for the nine months ended September 30, 2023, increased by 12.2% to $7.2 billion from $6.5 billion in the prior year[147] Investment Income - Net investment income surged to $406 million for the three months ended September 30, 2023, compared to $151 million for the same period in 2022, marking a significant increase[110] - Net investment income increased by 64.9% to $1.0 billion for the nine months ended September 30, 2023, compared to $620 million for the same period in 2022[131] - The annualized pre-tax yield on average cash and invested assets was 4.5% for the three months ended September 30, 2023, compared to 2.0% for the same period in 2022[134] - Total investments rose to $32.9 billion at September 30, 2023, an increase of $4.4 billion from $28.5 billion at December 31, 2022, mainly due to a net purchase of $3.2 billion in fixed maturities[164] - The investment portfolio totaled $34.6 billion as of September 30, 2023, primarily comprised of fixed maturity securities[192] Loss Ratios and Underwriting Performance - The loss ratio improved to 63.9% for the three months ended September 30, 2023, down from 85.5% in the same period of 2022, reflecting better claims management[110] - The combined ratio improved to 91.4% for the three months ended September 30, 2023, down from 112.0% in the same period of 2022, indicating enhanced operational efficiency[110] - The combined ratio improved by 20.5 points to 91.4% for the three months ended September 30, 2023, compared to 112.0% for the same period in 2022[128] - The underwriting gain for the three months ended September 30, 2023, was $234 million, a significant improvement from a loss of $338 million in the same period of 2022[146] - The combined ratio improved to 91.0% for the three months ended September 30, 2023, down from 115.0% in the prior year[146] - The loss ratio decreased to 63.7% for the three months ended September 30, 2023, compared to 88.7% for the same period in 2022[146] - The combined ratio improved to 92.6% for the three months ended September 30, 2023, down from 103.5% for the same period in 2022, indicating better underwriting performance[155] Shareholders' Equity and Financial Position - Shareholders' equity increased by 33.0% to $11.2 billion as of September 30, 2023, compared to $8.4 billion at the end of 2022[110] - Shareholders' equity increased by $2.8 billion to $11.2 billion at September 30, 2023, from $8.4 billion at December 31, 2022[130] - Total assets increased by 15.9% to $46.3 billion as of September 30, 2023, compared to $40.0 billion at the end of 2022[110] - The company held cash and short-term investments of $4.2 billion, an increase from $2.4 billion at December 31, 2022[186] - The company had $23.8 billion in gross reserves for losses and LAE as of September 30, 2023, up from $22.1 billion at December 31, 2022[195] Claims and Catastrophe Losses - The incurred losses and loss adjustment expenses decreased by 14.4% to $2.25 billion for the three months ended September 30, 2023, compared to $2.62 billion for the same period in 2022[110] - Incurred losses and LAE decreased by 14.4% to $2.2 billion for the three months ended September 30, 2023, compared to $2.6 billion for the same period in 2022, primarily due to a decrease of $665 million in current year catastrophe losses[118] - Current year catastrophe losses for the nine months ended September 30, 2023 amounted to $317 million, a decrease of $723 million compared to $1.0 billion for the same period in 2022[119] - Incurred losses decreased by 16.4% to $1.7 billion for the three months ended September 30, 2023, compared to $2.0 billion for the same period in 2022, primarily due to a $565 million decrease in catastrophe losses[151] - Current year catastrophe losses for the three months ended September 30, 2023, amounted to $165 million, with significant contributions from Hurricane Idalia ($42 million) and the 2023 Morocco earthquake ($40 million)[151] - Current year catastrophe losses for the three months ended September 30, 2023, were $10 million, related to U.S. storms and the Hawaii wildfire, compared to $110 million in the same period of 2022[160] Operating Activities and Cash Flows - Net cash flows from operating activities were $3.5 billion for the nine months ended September 30, 2023, compared to $2.7 billion for the same period in 2022[184] - The company paid $212 million in dividends during the first three quarters of 2023, compared to $255 million in 2022[181] - The company anticipates potential declines in cash flow from operations due to significant claim payments related to recent catastrophic events[187] Regulatory and Risk Management - Bermuda Re's regulatory targeted capital was $2,217 million in 2022, up from $2,169 million in 2021, while Everest Re's targeted capital increased to $3,353 million from $2,960 million[179] - Actual capital for Bermuda Re was $2,759 million in 2022, down from $3,184 million in 2021, and Everest Re's actual capital decreased to $5,553 million from $5,717 million[179] - The company acknowledges that forward-looking statements involve risks and uncertainties that could lead to actual results differing materially from expectations[202] - Important factors affecting performance are discussed under "Risk Factors" in the most recent 10-K filing, indicating a focus on risk management[203]

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 ...