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Everest Re Group

LSE:0U96
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0U96
LSE
$11B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The last earnings update was 53 days ago. More info.


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0U96 Share Price and Events
7 Day Returns
0.7%
LSE:0U96
2.6%
GB Insurance
0.5%
GB Market
1 Year Returns
-7.1%
LSE:0U96
-5.9%
GB Insurance
0.8%
GB Market
0U96 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Everest Re Group (0U96) 0.7% 4.1% 6.4% -7.1% - -
GB Insurance 2.6% 7.8% 10.2% -5.9% 16.1% 24.1%
GB Market 0.5% 3.6% 7.6% 0.8% 15.9% 6.2%
1 Year Return vs Industry and Market
  • 0U96 underperformed the Insurance industry which returned -5.9% over the past year.
  • 0U96 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
Price Volatility
0U96
Industry
5yr Volatility vs Market

Value

 Is Everest Re Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Everest Re Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Everest Re Group.

LSE:0U96 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $223.40 * 11.6%
$25.96
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $223.40
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0U96
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.723 (1 + (1- 21%) (6.02%))
0.838
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.838 * 5.96%)
6.22%

Discounted Cash Flow Calculation for LSE:0U96 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Everest Re Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0U96 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.6% – 6.22%) * $223.40)
$12.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $12.07 / (6.22% - 1.23%)
$241.68
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $223.40 + $241.68
$465.08
LSE:0U96 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0U96 represents 0.99208x of NYSE:RE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99208x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 465.08 x 0.99208
$461.40
Value per share (USD) From above. $461.40
Current discount Discount to share price of $227.95
= -1 x ($227.95 - $461.40) / $461.40
50.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Everest Re Group is available for.
Intrinsic value
>50%
Share price is $227.95 vs Future cash flow value of $461.4
Current Discount Checks
For Everest Re Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Everest Re Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Everest Re Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Everest Re Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Everest Re Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0U96 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.54
NYSE:RE Share Price ** NYSE (2019-04-17) in USD $229.77
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Everest Re Group.

LSE:0U96 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RE Share Price ÷ EPS (both in USD)

= 229.77 ÷ 2.54

90.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Everest Re Group is overvalued based on earnings compared to the GB Insurance industry average.
  • Everest Re Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Everest Re Group's expected growth come at a high price?
Raw Data
LSE:0U96 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 90.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
41.7%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0U96 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 90.45x ÷ 41.7%

2.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Everest Re Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Everest Re Group's assets?
Raw Data
LSE:0U96 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $194.43
NYSE:RE Share Price * NYSE (2019-04-17) in USD $229.77
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0U96 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RE Share Price ÷ Book Value per Share (both in USD)

= 229.77 ÷ 194.43

1.18x

* Primary Listing of Everest Re Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Everest Re Group is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Everest Re Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Everest Re Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Everest Re Group expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Everest Re Group expected to grow at an attractive rate?
  • Everest Re Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Everest Re Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Everest Re Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0U96 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0U96 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 41.7%
LSE:0U96 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.6%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0U96 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0U96 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,064
2020-12-31 8,407 979 3
2019-12-31 7,940 910 3
LSE:0U96 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 7,359 610 103
2018-09-30 7,408 662 1,047
2018-06-30 7,226 661 210
2018-03-31 6,884 977 384
2017-12-31 6,634 1,163 464
2017-09-30 6,398 1,467 268
2017-06-30 6,131 1,334 1,199
2017-03-31 6,055 1,390 1,104
2016-12-31 5,816 1,384 986
2016-09-30 5,720 1,256 970
2016-06-30 5,551 1,249 765
2016-03-31 5,485 1,122 818

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Everest Re Group's earnings are expected to grow significantly at over 20% yearly.
  • Everest Re Group's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0U96 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Everest Re Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0U96 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 26.56 26.56 26.56 1.00
2020-12-31 24.64 25.60 23.00 4.00
2019-12-31 22.80 23.85 22.00 4.00
LSE:0U96 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.54
2018-09-30 25.87
2018-06-30 5.17
2018-03-31 9.46
2017-12-31 11.43
2017-09-30 6.60
2017-06-30 29.48
2017-03-31 26.98
2016-12-31 23.85
2016-09-30 23.18
2016-06-30 18.05
2016-03-31 19.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Everest Re Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Everest Re Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Everest Re Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Everest Re Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Everest Re Group's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Everest Re Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Everest Re Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Everest Re Group's 1-year earnings growth is negative, it can't be compared to the GB Insurance industry average.
Earnings and Revenue History
Everest Re Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Everest Re Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0U96 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,359.11 102.60 30.67
2018-09-30 7,408.41 1,047.00 28.13
2018-06-30 7,225.87 209.84 26.18
2018-03-31 6,883.74 383.73 26.46
2017-12-31 6,633.57 464.13 25.92
2017-09-30 6,398.19 267.56 27.14
2017-06-30 6,130.54 1,199.19 27.60
2017-03-31 6,055.08 1,104.43 27.80
2016-12-31 5,815.55 985.83 27.23
2016-09-30 5,719.99 969.82 27.35
2016-06-30 5,551.09 765.24 26.87
2016-03-31 5,485.29 818.01 25.68
2015-12-31 5,596.75 967.68 23.25
2015-09-30 5,676.59 950.68 21.93
2015-06-30 5,880.35 1,135.05 25.97
2015-03-31 5,942.36 1,215.33 23.94
2014-12-31 5,678.95 1,186.87 23.42
2014-09-30 5,789.28 1,211.50 26.98
2014-06-30 5,654.90 1,172.03 21.78
2014-03-31 5,556.98 1,157.94 24.05
2013-12-31 5,640.84 1,248.08 24.82
2013-09-30 5,396.36 945.36 23.94
2013-06-30 5,213.85 961.89 25.13
2013-03-31 5,041.36 901.31 25.03
2012-12-31 4,922.81 822.29 23.98
2012-09-30 4,941.31 804.58 21.22
2012-06-30 4,752.71 618.16 19.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Everest Re Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Everest Re Group used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • It is difficult to establish if Everest Re Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Everest Re Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Everest Re Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Everest Re Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Everest Re Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Everest Re Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Everest Re Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Everest Re Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 9.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Everest Re Group Company Filings, last reported 3 months ago.

LSE:0U96 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,903.80 633.61 897.08
2018-09-30 8,329.01 633.56 1,332.87
2018-06-30 8,241.35 633.50 912.68
2018-03-31 8,344.18 633.45 1,039.28
2017-12-31 8,369.23 633.40 1,144.75
2017-09-30 7,969.33 633.34 947.77
2017-06-30 8,584.80 633.29 795.79
2017-03-31 8,347.88 633.23 945.42
2016-12-31 8,075.40 633.18 913.40
2016-09-30 8,041.09 633.12 750.29
2016-06-30 7,985.47 633.07 960.80
2016-03-31 7,840.30 638.37 770.47
2015-12-31 7,608.59 632.96 1,083.34
2015-09-30 8,239.01 638.37 2,016.27
2015-06-30 8,486.39 638.37 2,240.71
2015-03-31 8,270.23 638.37 2,105.26
2014-12-31 7,872.67 638.36 2,143.41
2014-09-30 7,786.60 888.36 1,898.54
2014-06-30 7,698.78 888.35 1,978.51
2014-03-31 7,352.68 488.33 1,749.26
2013-12-31 7,061.65 488.32 1,825.58
2013-09-30 6,808.72 488.31 1,456.89
2013-06-30 6,622.80 528.29 1,167.10
2013-03-31 6,816.87 818.17 1,305.81
2012-12-31 6,733.47 818.16 1,397.43
2012-09-30 6,785.37 818.15 1,452.12
2012-06-30 6,417.35 818.13 1,346.45
  • Everest Re Group's level of debt (8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.9% vs 8% today).
  • Debt is well covered by operating cash flow (96.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Everest Re Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Everest Re Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Everest Re Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Everest Re Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.44%
Current annual income from Everest Re Group dividends. Estimated to be 2.56% next year.
If you bought $2,000 of Everest Re Group shares you are expected to receive $49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Everest Re Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Everest Re Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0U96 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0U96 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 6.46 3.00
2020-12-31 5.93 8.00
2019-12-31 5.63 8.00
LSE:0U96 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 5.600 2.543
2018-11-14 5.600 2.582
2018-08-22 5.200 2.366
2018-05-16 5.200 2.301
2018-02-21 5.200 2.117
2017-11-09 5.200 2.310
2017-08-23 5.000 2.149
2017-05-17 5.000 1.932
2017-02-22 5.000 2.101
2016-11-16 5.000 2.287
2016-08-17 4.600 2.359
2016-05-18 4.600 2.541
2016-02-24 4.600 2.408
2015-11-19 4.600 2.535
2015-08-12 3.800 2.138
2015-05-13 3.800 2.056
2015-02-25 3.800 2.126
2014-11-19 3.800 2.189
2014-08-13 3.000 1.826
2014-05-14 3.000 1.871
2014-02-26 3.000 1.953
2013-11-20 3.000 2.010
2013-08-14 1.920 1.316
2013-05-15 1.920 1.478
2013-02-20 1.920 1.491
2012-11-14 1.920 1.725
2012-08-15 1.920 1.780
2012-05-09 1.920 1.870
2012-02-22 1.920 2.052
2011-11-16 1.920 2.252
2011-08-17 1.920 2.348
2011-05-19 1.920 2.318
2011-02-25 1.920 2.178
2010-11-17 1.920 2.254
2010-08-18 1.920 2.287
2010-05-21 1.920 2.601
2010-02-25 1.920 2.392
2009-11-18 1.920 2.264
2009-08-19 1.920 2.204
2009-05-14 1.920 2.585
2009-04-24 1.920 2.661

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Everest Re Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess Everest Re Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Everest Re Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Everest Re Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Everest Re Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dom Addesso
COMPENSATION $7,066,735
AGE 64
TENURE AS CEO 5.3 years
CEO Bio

Mr. Dominic James Addesso, also known as Dom, has been Chief Executive Officer at Everest Re Group Ltd. since January 1, 2014 and its President since June 16, 2011 and its Non-Independent Director since September 12, 2012. Mr. Addesso serves as Chairman, President & Chief Executive Officer at Everest Reinsurance Holdings, Inc. Mr. Addesso served as Chief Financial Officer at Everest Re Group Ltd. from May 8, 2009 to 2012. He became Chief Executive Officer of Everest Reinsurance Company (“Everest Re”) and Everest Reinsurance Holdings (“Everest Holdings”) in January, 2014. He became President of Everest Holdings and Everest Re in June 2011 and served as Chief Financial Officer of those companies from 2009 through the second quarter of 2012. In 2009, he became a Director and Executive Vice President of Everest Re and Everest Holdings, and a Director, Chairman and Chief Executive Officer of Everest Global Services, Inc. (“Everest Global”). In 2009, he became a Director of Everest Reinsurance (Bermuda), Ltd. (“Bermuda Re”), where he has also served as Chairman since 2011 and Chairman and Director of Everest Re Advisors, Ltd. (“Everest Re Advisors”). From 2009 through February 2012, he served as Director of Everest Reinsurance Company (Ireland), Limited (“Ireland Re”) and Everest Underwriting Group (Ireland), Limited (“Ireland Underwriting”), both Irish subsidiaries of the Everest Re Group Ltd. In 2009, he was appointed as a Director of Everest Advisors (UK), Ltd. (“Advisors U.K.”), as a Director of Mt. McKinley Insurance Company (“Mt. McKinley”), as well as a Director and Chairman of Everest International Reinsurance, Ltd., (“International Re”), and as a Director (until 2014) of Everest Insurance Company of Canada (“EVCAN”). Also in 2009, Mr. Addesso became a Director of Everest National Insurance Company (“Everest National”), Everest Indemnity Insurance Company (“Everest Indemnity”) and Everest Security Insurance Company (f/k/a Southeastern Security Insurance Company) (“Everest Security”) and a Director, Chairman and President of Mt. Whitney Securities, LLC (formerly known as Mt. Whitney Securities, Inc.), a subsidiary of Everest Re (“Mt. Whitney”). From 2008 until he joined the Everest Re Group Ltd. in May 2009, Mr. Addesso was President of Regional Clients of Munich Reinsurance America, Inc. From 2001 to 2009, he served as President of Direct Treaty, Munich Reinsurance America, Inc. From 1999 through 2001, he served in various underwriting and financial operations roles. From 1982 to 1995, he served as Executive Vice President and Chief Financial Officer of Selective Insurance Group, Inc. Prior to that, Mr. Addesso worked in public accounting for KPMG.

CEO Compensation
  • Dom's compensation has been consistent with company performance over the past year.
  • Dom's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Everest Re Group management team in years:

4.2
Average Tenure
52
Average Age
  • The tenure for the Everest Re Group management team is about average.
Management Team

Dom Addesso

TITLE
President
COMPENSATION
$7M
AGE
64
TENURE
5.3 yrs

Craig Howie

TITLE
Executive VP
COMPENSATION
$2M
AGE
54
TENURE
6.9 yrs

Sanjoy Mukherjee

TITLE
Chief Compliance Officer
COMPENSATION
$2M
AGE
51
TENURE
13.3 yrs

John Doucette

TITLE
Executive VP
COMPENSATION
$2M
AGE
52
TENURE
3 yrs

Jon Zaffino

TITLE
Executive VP
COMPENSATION
$2M
AGE
45
TENURE
4.2 yrs

Jack Nelson

TITLE
Senior VP & Chief Investment Officer

Ralph Groce

TITLE
Senior VP & Chief Information Officer
TENURE
2.7 yrs

Jon Levenson

TITLE
Head of Investor Relations
TENURE
0.4 yrs

Luis Monteagudo

TITLE
Senior Vice President

Dennis Alba

TITLE
Senior Vice President
Board of Directors Tenure

Average tenure and age of the Everest Re Group board of directors in years:

6.6
Average Tenure
68
Average Age
  • The tenure for the Everest Re Group board of directors is about average.
Board of Directors

Joe Taranto

TITLE
Chairman of the Board
COMPENSATION
$2M
AGE
69
TENURE
19.2 yrs

Dom Addesso

TITLE
President
COMPENSATION
$7M
AGE
64
TENURE
6.6 yrs

William Galtney

TITLE
Independent Lead Director
AGE
65

Roger Singer

TITLE
Independent Director
COMPENSATION
$517K
AGE
71
TENURE
9.2 yrs

John Amore

TITLE
Independent Director
COMPENSATION
$507K
AGE
69
TENURE
6.6 yrs

John Weber

TITLE
Independent Director
COMPENSATION
$517K
AGE
73
TENURE
15.9 yrs

Gerri Losquadro

TITLE
Independent Director
COMPENSATION
$507K
AGE
67
TENURE
4.9 yrs

John Graf

TITLE
Independent Director
COMPENSATION
$507K
AGE
58
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • Everest Re Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Mar 19 Sell Roger Singer Individual 05. Mar 19 05. Mar 19 -900 $223.69 $-201,321
14. Aug 18 Sell John Doucette Individual 13. Aug 18 13. Aug 18 -900 $215.32 $-193,788
X
Management checks
We assess Everest Re Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Everest Re Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through four segments: U.S. Reinsurance, International, Bermuda, and Insurance. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the United States. The International segment writes property and casualty reinsurance in Canada, Singapore, Brazil, Miami, and New Jersey. The Bermuda segment provides reinsurance and insurance to property and casualty markets through brokers and directly with ceding companies in Bermuda; and reinsurance to the United Kingdom and European markets. The Insurance segment writes property and casualty insurance products directly, as well as through general agents, brokers, and surplus lines brokers in the United States, Canada, and Europe. The company also provides property and casualty reinsurance and insurance coverages, such as errors and omissions liability, directors' and officers' liability, medical malpractice, and worker’s compensation products. Everest Re Group, Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.

Details
Name: Everest Re Group, Ltd.
0U96
Exchange: LSE
Founded: 1973
$10,528,458,442
45,821,728
Website: http://www.everestre.com
Address: Everest Re Group, Ltd.
Seon Place,
4th Floor,
Hamilton,
HM 19,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RE Common Shares New York Stock Exchange US USD 03. Oct 1995
DB ERE Common Shares Deutsche Boerse AG DE EUR 03. Oct 1995
LSE 0U96 Common Shares London Stock Exchange GB USD 03. Oct 1995
Number of employees
Current staff
Staff numbers
1,415
Everest Re Group employees.
Industry
Reinsurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:32
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.