Everest Re Profit Climbs To $109.6M
NU Online News Service, July 11:50 a.m. EDT
The company said its second-quarter gross premiums written reached $1.07 billion, a jump of nearly 70 percent compared to $630 million posted one year earlier. Everest Re's net premiums written for the second quarter were $988 million, a 65 percent increase from one year ago.
The reinsurer's combined ratio using Generally Accepted Accounting Principles also improved, to 95.5 percent from 97.6 percent in 2002 second quarter. The company's net investment income also rose in the second quarter, to $102.1 million compared to $90.8 million one year ago.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
