WRB - If Everest Re Can Ease Investor Doubts About Reserves These Shares Should Do Well
- Everest Re announced a strengthening of its Reinsurance reserves for 2015-2018, but many investors likely expected some in Insurance too given above-market premium growth in a weak underwriting market.
- Management is leveraging strong pricing to write more business and doing so at more conservative loss picks, setting the stage for better future earnings.
- A mid-single-digit core earnings growth rate can support a solid, double-digit return, but it may take a while longer for investors to regain confidence on Insurance reserves.
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If Everest Re Can Ease Investor Doubts About Reserves, These Shares Should Do Well