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Everest Re Group, Ltd.: Everest Re Group Reports First Quarter 2021 Results


Everest Re Group, Ltd.: Everest Re Group Reports First Quarter 2021 Results
14% Growth in Gross Written Premium with
Continued Attritional Underwriting Margin Improvement
Everest Re Group, Ltd. ( Everest or the Company ) today reported its 2021 first quarter results.
First Quarter 2021 Highlights
Net operating income of $260 million, equal to $6.49 per share
Gross written premium growth of 14% and net written premium growth of 16%
Attritional combined ratio of 87.3%, a 2.5-point improvement year over year
Underwriting income of $45 million inclusive of pre-tax net catastrophe losses of $270 million ($260 million net of reinstatement premiums)
No change to the Covid-19 Pandemic ( Pandemic ) loss provision
Combined ratio of 98.1%
The following table summarizes the Company s net income and related financial metrics. ....

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