Everest Re: Q1 2023 results

Everest Re has recorded a 17.5% increase in its turnover in the first quarter of 2023. It went from 3.186 billion USD on 31 March 2022 to 3.743 billion USD one year later.

The reinsurance class of business has generated 2.637 billion USD in written premiums, while the insurance activity has posted a premium income of 1.106 billion USD.

The quarterly net profit has progressed by 22.5% to reach 365 million USD.

The combined ratio of 91.2% has improved by 0.4 points thanks to a better pricing and a decline in natural catastrophe claims.