EG FY 2015 Earnings Report — Everest Re Group, Ltd. Revenue & Financial Results | Market Cap Arena

Everest Re Group, Ltd.EG

FY 2015 Earnings

Reported December 31, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$5.7B	—	$5.7B	—	-0.0%
Op. Income	$1.1B	—	$1.4B	—	-19.8%
Gross Margin	25.2%	—	29.6%	—	-4.5pp
Net Margin	17.2%	—	21.1%	—	-3.9pp
EPS (Diluted)	$22.10	—	$25.91	—	-14.7%
Free Cash Flow	$1.1B	—	$1.1B	—	5.1%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$4.2B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	$293M
Operating Expenses	$317M
Cost & Expenses	$4.6B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$134M
Net Income from Continuing Ops	$978M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$978M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$968M
D&A	$0
EBIT	$1.1B
EBITDA	$1.1B
EPS	$22
EPS Diluted	$22

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$4.2B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	$293M
Operating Expenses	$317M
Cost & Expenses	$4.6B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$134M
Net Income from Continuing Ops	$978M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$978M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$968M
D&A	$0
EBIT	$1.1B
EBITDA	$1.1B
EPS	$22
EPS Diluted	$22

Cash Flow Statement

Item	Amount
Net Income	$978M
Depreciation & Amortization	$0
Stock-Based Compensation	$21M
Deferred Income Tax	-$97M
Other Non-Cash Items	$289M
Change in Working Capital	-$180M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	$57M
Acquisitions (Net)	$4M
Purchases of Investments	-$5.3B
Sales/Maturities of Investments	$4.9B
Other Investing Activities	-$252M
NET CASH FROM INVESTING	-$681M
Net Debt Issuance	$0
Common Stock Repurchased	-$400M
Common Dividends Paid	-$175M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$333M
FREE CASH FLOW	$1.1B
Net Change in Cash	-$154M

Balance Sheet

Item	Amount
Cash & Equivalents	$284M
Short-Term Investments	$6.3B
Net Receivables	$2.6B
Inventory	$0
Other Current Assets	-$9.4B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$15.6B
Tax Assets	$0
Other Non-Current Assets	-$15.6B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$21.4B
Account Payables	$173M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$192M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$633M
Deferred Revenue NC	-$5M
Deferred Tax Liabilities	$153M
Other Non-Current Liabilities	-$633M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$12.9B
Common Stock	$686.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	$8.6B
Treasury Stock	-$2.9B
Accum. Other Comp. Income	-$232M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.6B
Minority Interest	$0
TOTAL EQUITY	$7.6B
TOTAL LIABILITIES & EQUITY	$20.5B
Total Debt	$633M
Net Debt	$349M