Everest Re Group Reports 2015 Q4 Earnings
Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2015 after-tax operating income1 available to common shareholders of $353.5 million, or $8.17 per diluted common share, compared to after-tax operating income of $331.5 million, or $7.28 per diluted common share, for the fourth quarter of 2014.
Net income available to common shareholders was $357.3 million, or $8.26 per diluted common share, for the fourth quarter of 2015, compared to net income of $340.1 million, or $7.47 per diluted common share, for the same period last year.
For the year ended December 31, 2015, after-tax operating income1 available to common shareholders was $1.1 billion, or $25.04 per diluted common share, compared to $1.1 billion or $24.71 per diluted common share, for 2014.
Net income available to common shareholders was $977.9 million, or $22.10 per diluted common share, for the full year 2015, compared to $1.2 billion, or $25.91 per diluted common share, for 2014.
Commenting on the Company’s results, President and Chief Executive Officer, Dominic J. Addesso said, “While the market remains challenging, Everest continues to generate superior results with an underwriting combined ratio of 83.4% and an operating return on equity of 15% for the year.
“This is an impressive result considering the volatility in our financial markets. We remain focused on increasing value for our shareholders as we continue building out the Everest franchise.”
