Everest Re CoR improves 0.2 points despite $600mn Ian loss

26 October 2022

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Everest Re’s combined ratio for the third quarter improved by 0.2 points to 112.0%, despite higher underwriting losses due to Hurricane Ian and other cat events.

The Bermudian’s operating loss per share grew nearly four times from the prior-year period to $5.28 per share, driven by an active catastrophe quarter and volatile market conditions.

Pre-tax

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Everest Re CoR improves 0.2 points despite $600mn Ian loss

Everest Re’s combined ratio for the third quarter improved by 0.2 points to 112.0%, despite higher underwriting losses due to Hurricane Ian and other cat events.

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Everest Re CoR improves 0.2 points despite $600mn Ian loss

Everest Re’s combined ratio for the third quarter improved by 0.2 points to 112.0%, despite higher underwriting losses due to Hurricane Ian and other cat events.

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Uncover exclusive insights tailored for insurance leaders

Topics

Louisiana Citizens bond Bayou Re upsizes 83% to $275mn

NC State researchers expect ‘active’ 2024 hurricane season

Allstate pegs March pre-tax cat losses at $328mn

PFZW’s ILS allocation drops 9% in Q1 to $8.3bn

Nat cat insured losses hit at least $20bn in Q1 2024: Gallagher Re