Everest’s $323mn underwriting loss on cats overshadows strong underlying gain
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Everest’s $323mn underwriting loss on cats overshadows strong underlying gain

James Thaler
October 27, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
DONT USE OLD DONT USE

Everest Re dropped to a $323mn underwriting loss in the third quarter, as the company recorded $635mn in catastrophe losses that outweighed a strong underlying performance.

The reinsurer fell to a $53mn operating loss overall, after generating a $97mn operating profit last year. The result, disclosed on Wednesday evening, amounted to a $1.34

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsEverestEarnings
JT
James Thaler
Gift this article