EG FY 2016 Earnings Report — Everest Re Group, Ltd. Revenue & Financial Results | Market Cap Arena

Everest Re Group, Ltd.EG

FY 2016 Earnings

Reported December 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$5.8B	—	$5.7B	—	2.1%
Op. Income	$1.1B	—	$1.1B	—	-1.1%
Gross Margin	25.3%	—	25.2%	—	0.1pp
Net Margin	17.2%	—	17.2%	—	-0.0pp
EPS (Diluted)	$23.68	—	$22.10	—	7.1%
Free Cash Flow	$1.4B	—	$1.1B	—	24.8%

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$4.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$339M
Operating Expenses	$366M
Cost & Expenses	$4.7B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$104M
Net Income from Continuing Ops	$996M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$996M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$986M
D&A	$0
EBIT	$1.1B
EBITDA	$1.1B
EPS	$24
EPS Diluted	$24

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$4.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$339M
Operating Expenses	$366M
Cost & Expenses	$4.7B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$104M
Net Income from Continuing Ops	$996M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$996M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$986M
D&A	$0
EBIT	$1.1B
EBITDA	$1.1B
EPS	$24
EPS Diluted	$24

Cash Flow Statement

Item	Amount
Net Income	$996M
Depreciation & Amortization	$0
Stock-Based Compensation	$26M
Deferred Income Tax	$0
Other Non-Cash Items	$118M
Change in Working Capital	$242M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	$4.8B
Acquisitions (Net)	$48M
Purchases of Investments	-$4.4B
Sales/Maturities of Investments	$4.3B
Other Investing Activities	-$563M
NET CASH FROM INVESTING	-$658M
Net Debt Issuance	$0
Common Stock Repurchased	-$386M
Common Dividends Paid	-$195M
Other Financing Activities	$156.0K
NET CASH FROM FINANCING	-$571M
FREE CASH FLOW	$1.4B
Net Change in Cash	$198M

Balance Sheet

Item	Amount
Cash & Equivalents	$482M
Short-Term Investments	$5.7B
Net Receivables	$2.7B
Inventory	$0
Other Current Assets	-$9.1B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$15.7B
Tax Assets	$0
Other Non-Current Assets	-$15.7B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$21.3B
Account Payables	$191M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$222M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$633M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$152M
Other Non-Current Liabilities	-$633M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$13.2B
Common Stock	$689.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	$9.4B
Treasury Stock	-$3.3B
Accum. Other Comp. Income	-$217M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.1B
Minority Interest	$0
TOTAL EQUITY	$8.1B
TOTAL LIABILITIES & EQUITY	$21.3B
Total Debt	$633M
Net Debt	$151M