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Everest Re Group, Ltd. (NYSE:RE ) Q3 2022 Earnings Conference Call October 26, 2022 8:00 AM ET Company Participants Matthew Rohrmann - SVP, Head of IR Juan Andrade - President, CEO and Director Mark Kociancic - Executive VP and Group CFO James Williamson - Executive VP, Group COO and Head of Everest Reinsurance Division Michael Karmilowicz - Executive VP and President and CEO of the Insurance Division Conference Call Participants Michael Phillips - Morgan Stanley Elyse Greenspan - Wells Fargo Brian Meredith - UBS Josh Shanker - Bank of America Merrill Lynch Michael Zelensky - BMO Meyer Shields - KBW Yaron Kinar - Jefferies Ryan Tunis - Autonomous Research Operator Welcome to the Everest Re Group Third Quarter 2022 Earnings Conference Call.

Everest Re's (RE) Q3 result reflect higher premiums across its reinsurance and insurance businesses. RE noted that its diversification strategy and underwriting discipline were key to mitigating exposure to one of the industry's largest hurricane losses in U.S. history.

Everest Re (RE) delivered earnings and revenue surprises of 10.36% and 2.20%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Everest Re pays a 2.4% dividend with a 9% expected dividend growth, and its experienced management is targeting over 13% shareholder returns. It's a well-managed reinsurer, consistently growing its portfolio without substantially changing the risk profile.

Everest Re's (RE) Q3 results are likely to benefit from increases across all lines of business, strong renewal retention and growth in international operations, offset by higher cat loss.

Everest Re's (RE) third-quarter estimated cat loss of $730 million primarily takes into account losses from Hurricane Ian and other global catastrophe events.

Everest Re (RE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

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Segmental strength, a solid capital position and favorable growth estimates make Everest Re (RE) stock worth adding to one's portfolio.

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (“Everest”) (NYSE: RE) will hold its third quarter 2022 earnings conference call on Thursday, October 27, 2022, beginning at 8:00 am Eastern Time. Dial in details can be obtained by completing the registration form available at: https://dpregister.com/sreg/10171043/f46f067cd6 The call can be accessed via a live, listen only webcast at www.everestre.com/Investors, where a replay of the call will also be available. Everest will release fi