Everest Re Group Ltd. (RE) 2020年年度报告「NYSE」.pdf

1、EVEREST RE GROUP,LTD.2020 ANNUAL REPORT The Company generally uses after-tax operating income(loss),a non-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 exchan

2、ge income(expense),and the tax charge related to the enactment of the Tax Cuts and Jobs Act of 2017(TCJA).Further explanation and a reconciliation of net income(loss)to after-tax operating income(loss)can be found at the back of the 10-K insert.*Excluding catastrophe losses,reinstatement premiums,CO

3、VID-19 pandemic impact,and prior year development.FINANCIAL HIGHLIGHTSE V E R E S T R E G R O U P,LT D.(in millions,except per share data)20202019201820172016BALANCE SHEETCash and Investments$25,461.6$20,748.5$18,433.1$18,626.5$17,483.1Shareholders equity9,726.29,132.97,860.88,340.78,033.1Book value

4、 per common share 243.25 223.85 193.37 204.25 196.41 RESULTSGross written premiums$10,482.4$9,133.4$8,475.2$7,173.9$6,033.9Net investment income 642.5 647.1 581.2 542.9 473.1 After-tax operating income 300.1 872.4 190.7 412.6 1,004.3 per diluted common share$7.46$21.34$4.65$10.00$23.87 Net income514

5、.21,009.589.0482.8996.3per diluted common share$12.78$24.70$2.17$11.70$23.68 Dividends declared6.205.755.305.054.70FINANCIAL RATIOSCombined ratio102.9%95.5%108.8%103.5%87.0%Attritional combined ratio*87.5%88.4%87.0%85.0%85.5%After-tax operating return on average adjusted equity3.4%10.3%2.3%5.1%12.9%

6、Net income return on average equity5.8%12.0%1.1%5.8%12.9%CELEBRATING 25 YEARS AS A PUBLICLY TRADED COMPANY;BACKED BY 48 YEARS OF EXCELLENCEROBUST FINANCIAL STRENGTHWe are focused on sustainably growing a balanced and diversified insurance and reinsurance portfolio and relentlessly executing our stra