Everest Re Group Ltd. (RE) 2019年年度报告「NYSE」.pdf

1、EVEREST RE GROUP,LTD.2019A N N U A L R E P O R TE V E R E S T R E G R O U P,LT D.2 0 1 9 A N N U A L R E P O R T(in millions,except per share data)20192018201720162015BALANCE SHEETTotal assets$27,324.1$24,751.0$23,563.3$21,279.2$20,545.4Shareholders equity9,132.97,860.88,340.78,033.17,608.6Book valu

2、e per common share 223.85 193.37 204.25 196.41 178.21 RESULTSGross written premiums$9,133.4$8,475.2$7,173.9$6,033.9$5,891.7Net investment income 647.1 581.2 542.9 473.1 473.5 After-tax operating income$872.4$190.7$412.6 1,004.3$1,108.1 per diluted common share 21.34 4.65 10.00$23.87 25.04 Net income

3、$1,009.5$89.0$482.8996.3$977.9 per diluted common share 24.70 2.17 11.70$23.68 22.10 FINANCIAL RATIOSCombined ratio95.5%108.8%103.5%87.0%85.1%After-tax operating return on average adjusted equity10.3%2.3%5.1%12.9%15.0%Net income return on average equity12.0%1.1%5.8%12.9%13.2%FINANCIAL HIGHLIGHTS2019

4、*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 exchange income(expense),and the tax charge r

5、elated 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.111.6%COMPOUND ANNUAL RETURN SINCE 1995EVEREST LONG-TERM GROWTH IN SHAREHOLDER VALUE$268.95201

6、9$202.512015$126.522010$66.832005$35.392000$19.391995Shareholder value as measured by growth in dividend-adjusted book value per shareThe result of this consistency is a long-term,best-in-class return to our shareholders,with annualized dividend adjusted growth in book value per share of 11.6%since