196.71 -0.37 (-0.19%)
After hours: 4:26PM EDT
|Bid||196.00 x 900|
|Ask||196.42 x 1100|
|Day's Range||193.62 - 206.21|
|52 Week Range||157.32 - 294.31|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||12.00|
|Earnings Date||Oct. 29, 2020|
|Forward Dividend & Yield||6.20 (3.07%)|
|Ex-Dividend Date||Sep. 01, 2020|
|1y Target Est||254.22|
Everest Re (RE) Q3 earnings reflect growth in gross written premiums, offset by higher expenses and catastrophe losses.
Everest Re Group, Ltd. ("Everest" or the "Company") today reported that for the three months ended September 30, 2020, net income was $243.1 million, or $6.07 per diluted common share, compared to net income of $104.4 million, or $2.56 per diluted common share, for the three months ended September 30, 2019. After-tax operating income¹ for the quarter was $97.0 million, or $2.42 per diluted common share, compared to after-tax operating income¹ of $138.4 million, or $3.39 per diluted common share, for the same period in 2019.
Insurers' third quarter results are likely to have benefited from improved pricing, strong retention, new business, partially offset by cat losses and lower interest rate.