Everest Re Group Ltd (RE)
Everest Re Group, Ltd., incorporated on August 26, 1999, through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Company offers treaty and facultative reinsurance, and admitted and non-admitted insurance. Its products include the range of property and casualty reinsurance, and insurance coverage's, including marine, aviation, surety, errors and omissions liability (E&O), directors' and officers' liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers' compensation. The Company's subsidiaries include Everest Reinsurance (Bermuda), Ltd. (Bermuda Re), Everest International Reinsurance, Ltd., Everest Reinsurance Company (Ireland) Limited (Ireland Re), Everest Reinsurance Company (Everest Re), Everest Insurance Company of Canada, Everest National Insurance Company, Everest Indemnity Insurance Company, Everest Security Insurance Company and Everest International Assurance, Ltd.
U.S. Reinsurance Segment
The Company's U.S. Reinsurance segment writes property and casualty reinsurance, and specialty lines of business, including Marine, Aviation, Surety and A&H business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies within the United States. The marine and aviation business is written primarily through brokers and contains an international component. The surety business consists of reinsurance of contract surety bonds. The Company targets certain brokers and, through the broker market, specialty companies and small to medium sized standard lines companies. The Company also targets companies that place their business in the direct market, including small to medium sized regional ceding companies, and seeks to develop long-term relationships with those companies. In addition, the U.S. Reinsurance segment writes portions of reinsurance programs for national insurance companies. The Company's facultative unit conducts business both through brokers and directly with ceding companies, and consists of three underwriting units representing property, casualty and national brokerage lines of business.
The Company's International segment focuses on opportunities in the international reinsurance markets. The Company targets several international markets, including Canada, with a branch in Toronto; Asia, with a branch in Singapore, and Latin America, Brazil, Africa and the Middle East, which business is serviced from Everest Re's Miami and New Jersey offices. The Company also writes from New Jersey home-foreign business, which provides reinsurance on the international portfolios of the United States insurers.
The Company's Bermuda segment writes property and casualty reinsurance through Bermuda Re, and property and casualty reinsurance through its United Kingdom branch, as well as through Ireland Re. As of December 31, 2017, the United Kingdom branch of Bermuda Re wrote $377.4 million of gross treaty reinsurance premium consisting of 48.5% of pro rata casualty business, 16.1% of pro rata property business, 23.2% of excess casualty business and 12.2% of excess property business.
The Company's Insurance segment writes property and casualty insurance, including medical stop loss insurance, directly and through general agents, brokers and surplus lines brokers within the United States, Canada and through the Company's Lloyd's Syndicate. As of December 31, 2017, the Company's Insurance segment wrote $2,059.2 million of gross written premiums, of which 65.0% was casualty and 35.0% was property, principally targeting commercial property and casualty business. As of December 31, 2017, insurance business written directly through the Company's offices represented $1,335.3 million or 65% of the segment's premium and $724.0 million or 35% was written through program administrators.
The Company competes with Munich Re, Swiss Re, Hannover Rueck SE, Berkshire Hathaway Inc., SCOR SE and Lloyd's of London.
52 Week High3.74%02 September 2019
52 Week Low2.33%04 December 2019
Next Ex-Div-Date Countdown
|Ex-Div Date||Pay Date||Year||Type||Frequency||Status||Amount|
|25 May 2012||13 Jun 2012||2012||Interim||Quarterly||Paid||48c|
|27 Aug 2012||19 Sep 2012||2012||Interim||Quarterly||Paid||48c|
|26 Nov 2012||12 Dec 2012||2012||Interim||Quarterly||Paid||48c|
|04 Mar 2013||20 Mar 2013||2012||Interim||Quarterly||Paid||48c|
|03 Jun 2013||19 Jun 2013||2013||Interim||Quarterly||Paid||48c|
|26 Aug 2013||18 Sep 2013||2013||Interim||Quarterly||Paid||48c|
|02 Dec 2013||18 Dec 2013||2013||Final||Quarterly||Paid||75c|
|10 Mar 2014||26 Mar 2014||2014||Interim||Quarterly||Paid||75c|
|02 Jun 2014||18 Jun 2014||2014||Interim||Quarterly||Paid||75c|
|25 Aug 2014||10 Sep 2014||2014||Interim||Quarterly||Paid||75c|
|01 Dec 2014||17 Dec 2014||2014||Final||Quarterly||Paid||95c|
|09 Mar 2015||25 Mar 2015||2015||Interim||Quarterly||Paid||95c|
|01 Jun 2015||17 Jun 2015||2015||Interim||Quarterly||Paid||95c|
|24 Aug 2015||09 Sep 2015||2015||Interim||Quarterly||Paid||95c|
|30 Nov 2015||16 Dec 2015||2015||Final||Quarterly||Paid||115c|
|07 Mar 2016||23 Mar 2016||2016||Interim||Quarterly||Paid||115c|
|27 May 2016||15 Jun 2016||2016||Interim||Quarterly||Paid||115c|
|02 Sep 2016||21 Sep 2016||2016||Interim||Quarterly||Paid||115c|
|28 Nov 2016||14 Dec 2016||2016||Final||Quarterly||Paid||125c|
|06 Mar 2017||22 Mar 2017||2017||Interim||Quarterly||Paid||125c|
|26 May 2017||14 Jun 2017||2017||Interim||Quarterly||Paid||125c|
|01 Sep 2017||20 Sep 2017||2017||Interim||Quarterly||Paid||125c|
|28 Nov 2017||13 Dec 2017||2017||Final||Quarterly||Paid||130c|
|06 Mar 2018||21 Mar 2018||2018||Interim||Quarterly||Paid||130c|
|29 May 2018||13 Jun 2018||2018||Interim||Quarterly||Paid||130c|
|04 Sep 2018||19 Sep 2018||2018||Interim||Quarterly||Paid||130c|
|27 Nov 2018||12 Dec 2018||2018||Final||Quarterly||Paid||140c|
|05 Mar 2019||20 Mar 2019||2019||Interim||Quarterly||Paid||140c|
|28 May 2019||12 Jun 2019||2019||Interim||Quarterly||Paid||140c|
|03 Sep 2019||18 Sep 2019||2019||Interim||Quarterly||Paid||140c|
|03 Dec 2019||24 Dec 2019||2019||Final||Quarterly||Declared||155c|
Everest Re Group Ltd optimized dividend - 12 month history
Everest Re Group Ltd share price - 12 month history
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