RE Stock Overview
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally.
Everest Re Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$275.55|
|52 Week High||US$308.20|
|52 Week Low||US$248.63|
|1 Month Change||-0.50%|
|3 Month Change||-1.60%|
|1 Year Change||0.96%|
|3 Year Change||10.53%|
|5 Year Change||4.76%|
|Change since IPO||1,304.08%|
Recent News & Updates
Everest Re stock falls as Q2 net income slumps 82% Y/Y
Everest Re (NYSE:RE) stock fell ~7% on July 28 after the company's Q2 results a day ago. Net operating income per share declined -33% Y/Y to $9.79. Net income decreased ~82% Y/Y to $123M. "We expanded margins across our insurance and reinsurance businesses with disciplined growth, continued to scale our insurance platform and in reinsurance capitalized on strategic market opportunities that improved the diversity and economics of our book, while reducing volatility," said Group President & CEO Juan Andrade. Revenues from premiums earned increased +14% Y/Y to $2.92B. The company said gross written premium grew +8% Y/Y to $3.45B.
If EPS Growth Is Important To You, Everest Re Group (NYSE:RE) Presents An Opportunity
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
|RE||US Insurance||US Market|
Return vs Industry: RE underperformed the US Insurance industry which returned 3% over the past year.
Return vs Market: RE exceeded the US Market which returned -11.7% over the past year.
|RE Average Weekly Movement||4.1%|
|Insurance Industry Average Movement||5.0%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: RE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: RE's weekly volatility (4%) has been stable over the past year.
About the Company
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.
Everest Re Group Fundamentals Summary
|RE fundamental statistics|
Is RE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RE income statement (TTM)|
|Cost of Revenue||US$10.79b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||19.47|
|Net Profit Margin||6.47%|
How did RE perform over the long term?See historical performance and comparison
2.4%Current Dividend Yield
Is RE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RE?
Other financial metrics that can be useful for relative valuation.
|What is RE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RE's PE Ratio compare to its peers?
|RE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
RGA Reinsurance Group of America
BAMR Brookfield Asset Management Reinsurance Partners
GLRE Greenlight Capital Re
RE Everest Re Group
Price-To-Earnings vs Peers: RE is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (25.4x).
Price to Earnings Ratio vs Industry
How does RE's PE Ratio compare vs other companies in the US Insurance Industry?
Price-To-Earnings vs Industry: RE is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the US Insurance industry average (13.8x)
Price to Earnings Ratio vs Fair Ratio
What is RE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||14.2x|
|Fair PE Ratio||17.9x|
Price-To-Earnings vs Fair Ratio: RE is good value based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).
Share Price vs Fair Value
What is the Fair Price of RE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RE ($275.55) is trading below our estimate of fair value ($791.05)
Significantly Below Fair Value: RE is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
How is Everest Re Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RE's forecast earnings growth (35.6% per year) is above the savings rate (1.9%).
Earnings vs Market: RE's earnings (35.6% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: RE's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RE's revenue (7.4% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: RE's revenue (7.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RE's Return on Equity is forecast to be low in 3 years time (16.8%).
Discover growth companies
How has Everest Re Group performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RE has high quality earnings.
Growing Profit Margin: RE's current net profit margins (6.5%) are lower than last year (11.8%).
Past Earnings Growth Analysis
Earnings Trend: RE's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: RE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RE had negative earnings growth (-41.5%) over the past year, making it difficult to compare to the Insurance industry average (-22.2%).
Return on Equity
High ROE: RE's Return on Equity (8.8%) is considered low.
Discover strong past performing companies
How is Everest Re Group's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: RE's short term assets ($9.0B) exceed its short term liabilities ($5.7B).
Long Term Liabilities: RE's short term assets ($9.0B) do not cover its long term liabilities ($23.3B).
Debt to Equity History and Analysis
Debt Level: RE's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: RE's debt to equity ratio has increased from 7.4% to 34.9% over the past 5 years.
Debt Coverage: RE's debt is well covered by operating cash flow (121.9%).
Interest Coverage: RE's interest payments on its debt are well covered by EBIT (11.5x coverage).
Discover healthy companies
What is Everest Re Group current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RE's dividend (2.4%) is higher than the bottom 25% of dividend payers in the US market (1.49%).
High Dividend: RE's dividend (2.4%) is low compared to the top 25% of dividend payers in the US market (4%).
Stability and Growth of Payments
Stable Dividend: RE's dividends per share have been stable in the past 10 years.
Growing Dividend: RE's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32%), RE's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (6.9%), RE's dividend payments are thoroughly covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Juan Andrade (56 yo)
Mr. Juan Carlos Andrade has been Chief Executive Officer and President at Everest Re Group, Ltd. since January 1, 2020. He serves as a Director of Everest Re Group, Ltd.since February 26, 2020. He is Chai...
CEO Compensation Analysis
Compensation vs Market: Juan's total compensation ($USD8.87M) is below average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: Juan's compensation has been consistent with company performance over the past year.
Experienced Management: RE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: RE's board of directors are considered experienced (9.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Everest Re Group, Ltd.'s employee growth, exchange listings and data sources
- Name: Everest Re Group, Ltd.
- Ticker: RE
- Exchange: NYSE
- Founded: 1973
- Industry: Reinsurance
- Sector: Insurance
- Implied Market Cap: US$10.860b
- Shares outstanding: 39.41m
- Website: https://www.everestre.com
Number of Employees
- Everest Re Group, Ltd.
- Seon Place
- 4th Floor
- HM 19
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/12 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.