RE

Everest Re GroupNYSE:RE Stock Report

Market Cap

US$10.2b

7D

0.2%

1Y

27.1%

Updated

19 Sep, 2021

Data

Company Financials +
RE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health4/6
Dividends5/6

RE 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

Summary of all time highs, changes and price drops for Everest Re Group
Historical stock prices
Current Share PriceUS$255.86
52 Week HighUS$193.03
52 Week LowUS$281.27
Beta0.66
1 Month Change-5.91%
3 Month Change5.04%
1 Year Change27.07%
3 Year Change9.75%
5 Year Change33.07%
Change since IPO1,203.75%

Recent News & Updates

Sep 02

Everest Re Is A Very Solid Risk Reward Bet

Focused and experienced management has delivered profitable growth at Everest; even in the face of considerable headwinds. The most severe of these, very low interest rates, may be subsiding gradually in the next few years opening up the possibility of sustained improvement in earnings. For a long term holder, Everest should continue to provide low double digit returns while carrying relatively low risk.

Aug 15
Everest Re Group (NYSE:RE) Has Re-Affirmed Its Dividend Of US$1.55

Everest Re Group (NYSE:RE) Has Re-Affirmed Its Dividend Of US$1.55

Everest Re Group, Ltd. ( NYSE:RE ) will pay a dividend of US$1.55 on the 15th of September. This means that the annual...

Jul 30

Everest Re Grows Strongly In Reinsurance, Catastrophe Losses Ahead Of Prior Year

Global insurance and reinsurance company Everest Re (RE) has reported a strong second-quarter of results, with its reinsurance book expanding almost 40% on a gross premium basis, but with catastrophe losses a little ahead of the prior year. Underwriting income came out at $274 million for the quarter, which is after taking account of pre-tax net catastrophe losses of $45 million, which Everest Re said were from several global catastrophe events. $35 million of the firm’s Q2 catastrophe losses hit the reinsurance business, but still the combined ratio was only 87.9%, much better than the prior year’s 86.7%.

Jul 01
Does Everest Re Group (NYSE:RE) Deserve A Spot On Your Watchlist?

Does Everest Re Group (NYSE:RE) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

REUS InsuranceUS Market
7D0.2%-0.7%-0.6%
1Y27.1%35.9%33.8%

Return vs Industry: RE underperformed the US Insurance industry which returned 35.9% over the past year.

Return vs Market: RE underperformed the US Market which returned 33.8% over the past year.

Price Volatility

Is RE's price volatile compared to industry and market?
RE volatility
RE Beta0.66
Industry Beta0.97
Market Beta1

Stable Share Price: RE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: RE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19731,746Juan Andradehttps://www.everestre.com

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, and the United Kingdom.

Valuation

Is Everest Re Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RE ($255.86) is trading below our estimate of fair value ($610.67)

Significantly Below Fair Value: RE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RE is good value based on its PE Ratio (7.7x) compared to the US Insurance industry average (9.5x).

PE vs Market: RE is good value based on its PE Ratio (7.7x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: RE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: RE is good value based on its PB Ratio (1x) compared to the US Insurance industry average (1.1x).


Future Growth

How is Everest Re Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RE's earnings are forecast to decline over the next 3 years (-1.1% per year).

Earnings vs Market: RE's earnings are forecast to decline over the next 3 years (-1.1% per year).

High Growth Earnings: RE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: RE's revenue (10.1% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: RE's revenue (10.1% 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 (11.7%).


Past Performance

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

-2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RE has high quality earnings.

Growing Profit Margin: RE's current net profit margins (11.8%) are higher than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: RE's earnings have declined by 2.2% per year over the past 5 years.

Accelerating Growth: RE's earnings growth over the past year (152.8%) exceeds its 5-year average (-2.2% per year).

Earnings vs Industry: RE earnings growth over the past year (152.8%) exceeded the Insurance industry 76%.


Return on Equity

High ROE: RE's Return on Equity (12.8%) is considered low.


Financial Health

How is Everest Re Group's financial position?


Financial Position Analysis

Short Term Liabilities: RE's short term assets ($7.6B) exceed its short term liabilities ($4.8B).

Long Term Liabilities: RE's short term assets ($7.6B) do not cover its long term liabilities ($20.2B).


Debt to Equity History and Analysis

Debt Level: RE's debt to equity ratio (18.3%) is considered satisfactory.

Reducing Debt: RE's debt to equity ratio has increased from 7.9% to 18.3% over the past 5 years.

Debt Coverage: RE's debt is well covered by operating cash flow (177.8%).

Interest Coverage: RE's interest payments on its debt are well covered by EBIT (30.1x coverage).


Balance Sheet


Dividend

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

2.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RE's dividend (2.42%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: RE's dividend (2.42%) is low compared to the top 25% of dividend payers in the US market (3.6%).


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.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.5%), RE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RE's dividends in 3 years are forecast to be well covered by earnings (20.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Juan Andrade (55 yo)

1.67yrs

Tenure

US$8,063,212

Compensation

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 ($USD8.06M) is about average for companies of similar size in the US market ($USD11.33M).

Compensation vs Earnings: Insufficient data to compare Juan's compensation with company performance.


Leadership Team

Experienced Management: RE's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: RE's board of directors are considered experienced (8.2 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Everest Re Group, Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Everest Re Group, Ltd.
  • Ticker: RE
  • Exchange: NYSE
  • Founded: 1973
  • Industry: Reinsurance
  • Sector: Insurance
  • Market Cap: US$10.154b
  • Shares outstanding: 39.68m
  • Website: https://www.everestre.com

Number of Employees


Location

  • Everest Re Group, Ltd.
  • Seon Place
  • 4th Floor
  • Hamilton
  • HM 19
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 22:03
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.