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NEWS RELEASE
EVEREST RE GROUP, LTD.
Seon Place, 141 Front Street, 4
th
Contacts
Media: Dawn Lauer Investors: Jon Levenson
Chief Communications Officer Head of Investor Relations
Everest Global Services, Inc. Everest Global Services, Inc.
908.300.7670 908.604.3169
Everest Announces Estimated Third Quarter 2021 Catastrophe Losses
HAMILTON, Bermuda -- (BUSINESS WIRE) – October 14, 2021 – Everest Re Group, Ltd. (“Everest” or
the “Company”) (NYSE:RE) announced today preliminary third quarter 2021 catastrophe losses in advance of
its full quarterly earnings to be released on October 27, 2021.
Everest is estimating total pre-tax net catastrophe losses of $635 million for the third quarter 2021 as
detailed in the table below.
●
All amounts are net of recoveries and reinstatement premiums
●
For Hurricane Ida, Everest is estimating insured industry losses of approximately $28-$30 billion
●
For the July European floods, Everest is estimating insured industry losses of approximately $12
billion
Amounts in USD (millions)
Reinsurance
Segment
Insurance
Segment
Event Totals
Hurricane Ida
335
80
415
European Floods
220
0
220
Segment Totals
555
80
635
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“The widespread impact of natural catastrophes in the third quarter has affected communities
around the world,” said Juan C. Andrade, President and CEO of Everest Re Group. “Our
thoughts are with all of those affected, and we stand ready to help our customers and
communities as they rebuild, recover and emerge even stronger.”
About Everest Re Group, Ltd.
Everest Re Group, Ltd. 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.
Everest offers property, casualty, and specialty products through its various operating affiliates
located in key markets around the world.
Everest common stock (NYSE:RE) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website
at
. All issuing companies may not do business in all jurisdictions.
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,
including the expected
closing and use of proceeds from the debt offering. 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 losses,
regulatory and legal uncertainties and other factors described in our latest Annual Report on
Form 10-K. Everest undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.