Everest Re Group Ltd. (RE) 2018年年度报告「NYSE」.pdf

1、S T R A T E G I C A L L Y B A L A N C E DEvErEst rE Group,Ltd.2018 ANNUAL REPORTEverest Re Group,Ltd.F I N A N C I A L H I G H L I G H T S(in millions,except per share data)20182017201620152014BALANCE SHEETTotal assets$24,794.0$23,591.8$21,321.5$20,545.4$20,339.9 Shareholders equity 7,903.8 8,369.2

2、8,075.4 7,608.6 7,451.1 Book value per common share 194.43 204.95 197.45 178.21 166.75 RESULTSGross written premiums$8,475.2$7,173.9$6,033.9$5,891.7$5,762.9 Net pre-tax investment income 581.2 542.9 473.1 473.5 530.5 Net after-tax investment income 514.7 449.0 386.5 383.6 437.6 After-tax operating i

3、ncome(loss),excluding realized gains(losses)*$190.7$412.6$1,004.3$1,108.1$1,143.7 per basic common share 4.68 10.06 24.04 25.26 24.95 per diluted common share 4.65 10.00 23.87 25.04 24.71 Net Income(loss)$103.6$469.0$996.3$977.9$1,199.2 per basic common share 2.54 11.43 23.85 22.29 26.16 per diluted

4、 common share 2.53 11.36 23.68 22.10 25.91 FINANCIAL RATIOSCombined ratio108.8%103.5%87.0%85.1%83.8%After-tax operating return*on average adjusted equity2.3%5.1%12.9%15.0%16.3%Net income return on average equity1.3%5.8%12.8%13.2%17.1%*The Company generally uses after-tax operating income(loss),a non

5、-GAAP financial measure,to evaluate its performance.After-tax operating income(loss)consists of net income(loss)excluding after-tax net realized capital gains(losses),after-tax net foreign exchange income(expense),and the tax charge related to the enactment of the Tax Cuts and Jobs Act of 2017(TCJA)

6、.As reflected in this definition,starting in first quarter 2018,the Company adjusted operating income for years 2016 to the present to exclude foreign exchange gains and losses as it believes the impact of foreign currency movements on income is not indicative of the performance of the underlying bu