Everest Re defies increased Q4 cat losses to report underwriting profit
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Everest Re defies increased Q4 cat losses to report underwriting profit

Martha Muir
10 February 2022
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Bermuda reinsurer Everest Re grew its gross written premiums by nearly 25% in Q4, and swung back to an underwriting profit of $228.3mn despite an uptick in catastrophe losses.

Catastrophe losses: The firm recorded $125mn catastrophe losses, up 78.5% from Q4 2020’s $70mn. The majority of cat losses, $110mn, came from reinsurance, while the remaining $15mn derived from the company’s insurance segment.

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