NYSE$EG

Everest Group Ltd · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Everest Re Group reported a net income of $64 million and a net operating loss of $44 million for Q4 2020.

Everest Re Group reported Q4 2020 results, including a net income of $64 million or $1.59 per share, and a net operating loss of $44 million or $(1.12) per common share. The company experienced gross written premium growth of 13%. The attritional combined ratio was 86.3%, a 4 point improvement year over year. The pre-tax net catastrophe losses of $70 million, Covid-19 Pandemic (“Pandemic”) losses of $76 million, and a prior year reserve strengthening of $400 million.

  • Net income of $64 million, equal to $1.59 per share.
  • Net operating loss of $(44) million, $(1.12) per common share.
  • Gross written premium growth of 13%.
  • Attritional combined ratio of 86.3%, a 4 point improvement year over year.

Headline financials

Total Revenue

$2.4B

Previous: $1.95B+23.0%
EPS (adj)

-$1.12

Previous: $3.20-135.0%
Combined Ratio

109.1%

Previous: 101.5%+7.5%
Attritional Combined Ratio

86.3%

No prior period
Net Income

$63.6M

Previous: $218M-70.8%
Operating Income

-$44.2M

Previous: $131M-133.8%
Gross Profit

$2.76B

Previous: $1.99B+38.8%
Cash & Equivalents

$802M

Previous: $808M-0.8%
Total Assets

$32.8B

Previous: $27.3B+20.0%
Stock-Based Comp

$9.87M

Previous: $8.63M+14.4%

Revenue & EPS history

Everest · Revenue · Quarterly

$2.4B

Q4 2020+23%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Everest · $2.4B total across 2 segments · Q4 2019

  • Reinsurance
    $1.64B
  • Insurance
    $759M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.2%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.0%

Avg return

30 days after

57%

39 / 68 earnings

Positive

+8.4%

Q1 2011

Best reaction

-11.4%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.9%+1.6%-5.9%
Q4 2025-2.3%-0.9%+0.2%
Q3 2025-11.4%-8.6%-9.3%
Q1 2025-6.0%-4.0%-3.2%
Q4 2024-1.5%-2.1%+5.3%
Q3 2024-5.6%-7.7%+2.9%
Q2 2024-5.4%-8.5%+0.7%
Q1 2024+0.5%+1.4%+4.9%
Q4 2023-6.8%-5.2%-3.4%
Q3 2023-3.5%-1.1%+4.3%
Q2 2023-2.4%-1.7%-3.7%
Q1 2023+1.1%-0.7%-10.0%
Q4 2022+6.6%+7.6%+0.5%
Q3 2022+6.6%+14.0%+18.1%
Q2 2022-5.0%-7.2%+0.4%
Q1 2022+1.5%-0.4%+2.3%
Q4 2021+0.4%+0.9%-6.5%
Q3 2021-6.7%-7.4%-6.4%
Q2 2021+1.0%+4.0%+9.3%
Q1 2021+2.0%+1.9%-2.7%
Q4 2020+6.2%+11.0%+14.0%
Q3 2020+0.4%+9.9%+19.0%
Q2 2020+3.0%+6.8%-0.7%
Q1 2020+3.6%+6.7%+34.8%
Q4 2019+3.2%+3.1%-19.3%
Q3 2019+3.1%+4.3%+9.7%
Q2 2019-3.0%-6.3%-7.7%
Q1 2019+3.4%+4.2%+6.1%
Q4 2018-4.2%-2.2%-1.6%
Q3 2018+7.1%+7.0%+5.6%
Q2 2018-3.5%-2.4%-1.5%
Q1 2018-5.2%-4.9%-7.0%
Q4 2017+5.5%+4.4%+11.3%
Q3 2017+0.2%-3.8%-6.0%
Q2 2017-1.3%-3.8%-2.7%
Q1 2017+7.8%+7.7%+5.9%
Q4 2016+2.8%+4.1%+5.2%
Q3 2016+4.6%+4.2%+8.7%
Q2 2016+1.9%+4.3%+4.5%
Q1 2016-3.9%
Q4 2015+3.3%
Q3 2015+1.3%
Q2 2015-3.9%
Q1 2015-0.6%
Q4 2014+3.2%
Q3 2014-1.0%
Q2 2014-0.5%
Q1 2014-0.5%
Q4 2013-3.3%
Q3 2013-4.4%
Q2 2013-0.8%
Q1 2013+4.8%
Q4 2012+0.8%
Q3 2012+3.2%
Q2 2012+1.5%
Q1 2012+1.0%
Q4 2011+2.1%
Q3 2011-3.3%
Q2 2011+4.0%
Q1 2010-0.6%
Q1 2011+8.4%
Q4 2010-1.4%
Q4 2008-1.4%
Q3 2010+0.5%
Q3 2009+0.5%
Q2 2010+2.1%
Q4 2009+2.1%
Q2 2009+2.1%

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