Everest re group reports record quarter earnings per share of $9 – abc6 – providence, ri and new bedford, ma news, weather


Everest Re Group, Ltd. Lg washing machine codes (NYSE: RE) today reported fourth quarter 2016 net income available to common shareholders of $373.6 million, or $9.08 per diluted common share, compared to net income of $357.3 million, or $8.26 per diluted common share, for the fourth quarter of 2015. Exchange rate british pounds to us dollars After-tax operating income 1 available to common shareholders was $363.4 million, or $8.83 per diluted common share, for the fourth quarter of 2016, compared to after-tax operating income¹ of $353.5 million, or $8.17 per diluted common share, for the same period last year.

For the year ended December 31, 2016, net income available to common shareholders was $996.3 million, or $23.68 per diluted common share, compared to $977.9 million, or $22.10 per diluted common share, for 2015. Cad to usd exchange rate history After-tax operating income 1 available to common shareholders was $993.5 million, or $23.61 per diluted common share, for the full year 2016, compared to $1.1 billion or $25.04 per diluted common share, for 2015.

Commenting on the Company’s results, President and Chief Executive Officer, Dominic J. Gbp usd exchange rate Addesso said, “Everest had another record quarter and an outstanding year, generating 13% ROE and strong growth in book value per share, despite what continues to be a very challenging market. Yen to usd exchange rate history Our reinsurance book remains quite strong with a 77.6% combined ratio, which is remarkable when considering the string of global natural catastrophe events for the year. Binary 24 While our insurance operations’ results were mostly impacted by charges on discontinued books of business, the underlying fundamentals of this book continue to improve. Usd jpy forecast We are confident in the future and expect Everest to continue to generate above average returns for its shareholders.”

• Gross written premiums for the quarter were $1.5 billion, an increase of 3% compared to the fourth quarter of 2015. 1 usd to 1 gbp For the full year, gross written premiums grew 2% to $6.0 billion. 1 usd to myr Eliminating the unfavorable effects of foreign currency fluctuations, total premiums were actually up 4% for the year. Dollar euro exchange rate forecast Worldwide reinsurance premiums were essentially flat, on a constant dollar basis, while direct insurance premiums were up 17% for the year.

• The combined ratio was 82.1% for the quarter and 87.0% for the year, compared to 78.9% and 85.1%, respectively, for the same periods in 2015. Cny usd exchange rate The quarter benefitted from net prior year reserve releases of $204.9 million and a net reduction to prior year catastrophe loss estimates of $18.4 million. Binary cheat sheet This was offset by $168.6 million for catastrophe losses that occurred in the quarter, including Hurricane Matthew, the New Zealand earthquake, and the Tennessee wildfires. Usd to aed exchange rate history For the full year, catastrophe losses, net of reinstatement premiums, totaled $286.0 million. Binary tree Excluding catastrophe losses, reinstatement premiums and favorable prior year loss development, the calendar year attritional combined ratio was 85.5% compared to 84.8% for 2015.

• Net after-tax realized capital gains totaled $10.2 million in the quarter. Euro to aud converter For the full year, realized and unrealized capital gains, net of tax, amounted to $2.9 million and $72.7 million, respectively.

• Cash flow from operations was $422.3 million for the quarter and $1.4 billion for the full year 2016. Stock market futures live This compared to $294.8 million and $1.1 billion for the same periods, respectively, in 2015.

• During the quarter, the Company made only modest share repurchases. Usd vnd For the year, the Company repurchased 2.1 million of its common shares for a total cost of $386.3 million. Python tutorial youtube The repurchases were made pursuant to a share repurchase authorization, provided by the Company’s Board of Directors, under which there remains 2.0 million shares available.

This news release contains forward-looking statements within the meaning of the U.S. Love quotes for wife federal securities laws. Vnd to usd We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Trading places stock market scene explained Federal securities laws. Aud usd yahoo These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of the Company. Exchange rate us to indian rupee These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market fluctuations, trends in insured and paid losses, catastrophes, regulatory and legal uncertainties and other factors described in our latest Annual Report on Form 10-K. Yahoo futures quotes The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Everest Re Group, Ltd. Usd law school is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. Usd chf and international markets. Size of futures market Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Conversion of euro to usd Everest Reinsurance Company (Ireland), Limited provides reinsurance to non-life insurers in Europe. Usd to chf Everest National Insurance Company and Everest Security Insurance Company provide property and casualty insurance to policyholders in the U.S. Idr to usd conversion Everest Indemnity Insurance Company offers excess and surplus lines insurance in the U.S. Exchange rate pound to dollar today Everest Insurance Company of Canada provides property and casualty insurance to policyholders in Canada. Exchange rate danish krone to us dollar The Company also operates within the Lloyd’s insurance market through Syndicate 2786. Usd cad exchange rate forecast In addition, through Mt. Stock market futures 2015 Logan Re, Ltd., the Company manages segregated accounts, capitalized by the Company and third party investors that provide reinsurance for property catastrophe risks. Exchange rate vnd to usd Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestregroup.com.

A conference call discussing the fourth quarter results will be held at 10:30 a.m. Idr to usd Eastern Time on February 7, 2017. Euro to usd exchange rate history The call will be available on the Internet through the Company’s web site or at www.streetevents.com.

Recipients are encouraged to visit the Company’s web site to view supplemental financial information on the Company’s results.

Algorithm for binary search The supplemental information is located at www.everestregroup.com in the “Financial Reports” section of the “Investor Center”. Decimal word problems The supplemental financial information may also be obtained by contacting the Company directly.

1The Company generally uses after-tax operating income (loss), a non-GAAP financial measure, to evaluate its performance. 200 usd to euro After-tax operating income (loss) consists of net income (loss) excluding after-tax net realized capital gains (losses) as the following reconciliation displays:

Although net realized capital gains (losses) are an integral part of the Company’s insurance operations, the determination of net realized capital gains (losses) is independent of the insurance underwriting process. Gbp stock price The Company believes that the level of net realized capital gains (losses) for any particular period is not indicative of the performance of the underlying business in that particular period. Convert binary to hexadecimal Providing only a GAAP presentation of net income (loss) makes it more difficult for users of the financial information to evaluate the Company’s success or failure in its basic business, and may lead to incorrect or misleading assumptions and conclusions. Market futures cnn The Company understands that the equity analysts who follow the Company focus on after-tax operating income (loss) in their analyses for the reasons discussed above. Funny jokes for adults clean The Company provides after-tax operating income (loss) to investors so that they have what management believes to be a useful supplement to GAAP information concerning the Company’s performance.

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