{"id":478305,"date":"2021-04-19T16:18:38","date_gmt":"2021-04-19T20:18:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/"},"modified":"2021-04-19T16:18:38","modified_gmt":"2021-04-19T20:18:38","slug":"everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/","title":{"rendered":"Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignc { margin-left: auto; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses<\/b><\/p>\n<p>HAMILTON, Bermuda&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEverest Re Group, Ltd. (\u201cEverest\u201d or the \u201cCompany\u201d) announced today preliminary information on first quarter 2021 catastrophe losses in advance of its full quarterly earnings to be released on April 28, 2021.\n<\/p>\n<p>\nEverest is estimating pre-tax net catastrophe losses for the first quarter 2021 as detailed in the table below.\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAll amounts are net of reinsurance recoveries and reinstatement premiums\n<\/li>\n<li>\nFor the Texas winter storms Everest is estimating insured industry losses of approximately $15 billion\n<\/li>\n<\/ul>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignc\">\n<tr>\n<td class=\"bwvertalignb bwtopsingle bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p>\n\u00a0\n<\/p>\n<p><b>Amounts in USD (millions)<\/b><\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\"><b>Reinsurance<br \/>Segment<\/b><\/td>\n<td class=\"bwalignc bwvertalignb bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\"><b>Insurance<br \/>Segment<\/b><\/td>\n<td class=\"bwalignc bwvertalignb bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\"><b>Event Totals<\/b><\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">Texas winter storms<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n203\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n47\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n250\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">New South Wales flooding<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n10\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n10\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">Segment totals<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n213\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n47\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n260\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nEverest is not adding to its Covid-19 Pandemic loss provision. To date, the Company\u2019s total Pandemic loss provision is $511 million, of which approximately 80% remains as IBNR.\n<\/p>\n<p>\nEverest Re Group President &amp; CEO Juan C. Andrade Commented: \u201cOur thoughts and sympathies go out to all those affected by these recent catastrophe events. We are proud to be able to help communities rebuild when events such as these take place.\u201d\n<\/p>\n<p><i>This news release contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. 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. 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 and investment income fluctuations, trends in insured and paid losses, catastrophes, pandemic, regulatory and legal uncertainties and other factors described in our latest Annual Report on Form 10-K. 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.<\/i><\/p>\n<p><span class=\"bwuline\">About Everest Re Group, Ltd.<\/span><\/p>\n<p>\nEverest Re Group, Ltd. (\u201cEverest\u201d) is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda, and other territories.\n<\/p>\n<p>\nEverest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.\n<\/p>\n<p>\nEverest common stock (NYSE:RE) is a component of the S&amp;P 500 index.\n<\/p>\n<p>\nAdditional information about Everest, our people, and our products can be found on our website at <i><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.everestregroup.com&amp;esheet=52414275&amp;newsitemid=20210419005870&amp;lan=en-US&amp;anchor=www.everestre.com.&amp;index=1&amp;md5=146aca26fc5236bed7a3306e2ef81a0b\">www.everestre.com. <\/a><\/i>All issuing companies may not do business in all jurisdictions.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210419005870r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210419005870\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210419005870\/en\/<\/a><\/span><\/p>\n<p>\nMedia: Dane Lopes<br \/>\n<br \/>Chief Communications Officer<br \/>\n<br \/>Everest Global Services, Inc.<br \/>\n<br \/>203.388.3977<\/p>\n<p>Investors: Jon Levenson<br \/>\n<br \/>Head of Investor Relations<br \/>\n<br \/>Everest Global Services, Inc.<br \/>\n<br \/>908.604.3169\n<\/p>\n<p><b>KEYWORDS:<\/b> Ireland United Kingdom Europe Bermuda Caribbean<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210419005870\/en\/807812\/3\/25_Years.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses HAMILTON, Bermuda&#8211;(BUSINESS WIRE)&#8211; Everest Re Group, Ltd. (\u201cEverest\u201d or the \u201cCompany\u201d) announced today preliminary information on first quarter 2021 catastrophe losses in advance of its full quarterly earnings to be released on April 28, 2021. Everest is estimating pre-tax net catastrophe losses for the first quarter 2021 as detailed in the table below. All amounts are net of reinsurance recoveries and reinstatement premiums For the Texas winter storms Everest is estimating insured industry losses of approximately $15 billion \u00a0 Amounts in USD (millions) ReinsuranceSegment InsuranceSegment Event Totals Texas winter storms 203 47 250 New South Wales flooding 10 0 10 Segment totals 213 47 260 Everest is not adding to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-478305","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses HAMILTON, Bermuda&#8211;(BUSINESS WIRE)&#8211; Everest Re Group, Ltd. (\u201cEverest\u201d or the \u201cCompany\u201d) announced today preliminary information on first quarter 2021 catastrophe losses in advance of its full quarterly earnings to be released on April 28, 2021. Everest is estimating pre-tax net catastrophe losses for the first quarter 2021 as detailed in the table below. All amounts are net of reinsurance recoveries and reinstatement premiums For the Texas winter storms Everest is estimating insured industry losses of approximately $15 billion \u00a0 Amounts in USD (millions) ReinsuranceSegment InsuranceSegment Event Totals Texas winter storms 203 47 250 New South Wales flooding 10 0 10 Segment totals 213 47 260 Everest is not adding to &hellip; Continue reading &quot;Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-19T20:18:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210419005870r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses\",\"datePublished\":\"2021-04-19T20:18:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\\\/\"},\"wordCount\":487,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210419005870r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\\\/\",\"name\":\"Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses - 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(\u201cEverest\u201d or the \u201cCompany\u201d) announced today preliminary information on first quarter 2021 catastrophe losses in advance of its full quarterly earnings to be released on April 28, 2021. Everest is estimating pre-tax net catastrophe losses for the first quarter 2021 as detailed in the table below. All amounts are net of reinsurance recoveries and reinstatement premiums For the Texas winter storms Everest is estimating insured industry losses of approximately $15 billion \u00a0 Amounts in USD (millions) ReinsuranceSegment InsuranceSegment Event Totals Texas winter storms 203 47 250 New South Wales flooding 10 0 10 Segment totals 213 47 260 Everest is not adding to &hellip; Continue reading \"Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-19T20:18:38+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210419005870r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses","datePublished":"2021-04-19T20:18:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/"},"wordCount":487,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210419005870r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/everest-provides-preliminary-information-on-first-quarter-2021-catastrophe-losses\/","name":"Everest Provides Preliminary Information on First Quarter 2021 Catastrophe Losses - 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