Everest Re Group Ltd. (RE) 2021年年度报告「NYSE」.pdf

1、2021 Annual ReportEverest Re Group,Ltd.Everest Re Group,Ltd.Robust financial strengthA+AM BestA+S&P GlobalA1Financial strength rating$10.1BGAAP equity20.2%Debt-to-capital$29.7BAverage credit quality A+Stable outlookMoodys Investors Service The Company generally uses after-tax operating income(loss),

2、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 related to the enactment of the Tax Cuts and Jobs Act of 2017(

3、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.*Excluding catastrophe losses,reinstatement premiums,COVID-19 pandemic impact,and prior year development.Financial highlights(as of December 31,2021)(in mi

4、llions,except per share data)20212020201920182017Balance sheetCash and investments$29,673.3$25,461.6$20,748.5$18,433.1$18,626.5Shareholders equity10,139.29,726.29,132.97,860.88,340.7Book value per common share$258.21$243.25$223.85$193.37$204.25 ResultsGross written premiums$13,049.8$10,482.4$9,133.4

5、$8,475.2$7,173.9Net investment income1,164.9642.5647.1581.2542.9After-tax operating income1,153.9300.1872.4190.7412.6 per diluted common share$28.97$7.46 21.34 4.65$10.00 Net income1,379.1514.21,009.589.0482.8 per diluted common share$34.62$12.78$24.70$2.17$11.70 Dividends declared6.206.205.755.305.

6、05Financial ratiosCombined ratio97.8%102.9%95.5%108.8%103.5%Attritional combined ratio*87.6%87.5%88.4%87.0%85.0%After-tax operating return on average adjusted equity12.2%3.4%10.3%2.3%5.1%Net income return on average equity14.6%5.8%12.0%1.1%5.8%2021 Annual Report 1A message from The Chairman2021 epit