- Everest Re's insurance business is performing exceptionally well, but the P/E multiple is far below historical levels.
- Everest Re's investments are also performing well, increasing shareholder wealth. Gains from these investments are over and above the insurance business earnings included in the non-GAAP results.
- The company has a strong balance sheet, with low debt, positioning the company well to weather any unexpected storm.
- Actions to reduce the potential for large catastrophe losses are showing meaningful results.
- Everest Re is rated a (Very) Strong Buy.
For further details see:
Everest Re Group: A (Very) Strong Buy