EG FY 2019 Earnings Report — Everest Re Group, Ltd. Revenue & Financial Results | Market Cap Arena

Everest Re Group, Ltd.EG

FY 2019 Earnings

Reported December 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$8.2B	—	$7.4B	—	11.8%
Op. Income	$1.1B	—	-$242M	—	553.8%
Gross Margin	19.5%	—	2.6%	—	16.9pp
Net Margin	12.3%	—	1.2%	—	11.1pp
EPS (Diluted)	$24.70	—	$2.53	—	876.3%
Free Cash Flow	$1.9B	—	$610M	—	203.6%

Revenue Flow

Item	Amount
REVENUE	$8.2B
Cost of Revenue	$6.6B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$33M
SG&A Expenses	$33M
Other Expenses	$473M
Operating Expenses	$506M
Cost & Expenses	$7.1B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$32M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$90M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$998M
D&A	$0
EBIT	$1.1B
EBITDA	$1.1B
EPS	$25
EPS Diluted	$25

Income Statement

Item	Amount
REVENUE	$8.2B
Cost of Revenue	$6.6B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$33M
SG&A Expenses	$33M
Other Expenses	$473M
Operating Expenses	$506M
Cost & Expenses	$7.1B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$32M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$90M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$998M
D&A	$0
EBIT	$1.1B
EBITDA	$1.1B
EPS	$25
EPS Diluted	$25

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$0
Stock-Based Compensation	$34M
Deferred Income Tax	$0
Other Non-Cash Items	-$73M
Change in Working Capital	$881M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$7.1B
Sales/Maturities of Investments	$5.9B
Other Investing Activities	-$167M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	-$25M
Common Dividends Paid	-$234M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$276M
FREE CASH FLOW	$1.9B
Net Change in Cash	$152M

Balance Sheet

Item	Amount
Cash & Equivalents	$808M
Short-Term Investments	$5.8B
Net Receivables	$4.3B
Inventory	$0
Other Current Assets	-$11.4B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$18.2B
Tax Assets	$0
Other Non-Current Assets	-$18.2B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$27.3B
Account Payables	$292M
Short-Term Debt	$397M
Deferred Revenue	$0
Other Current Liabilities	-$722M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$634M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$634M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$18.2B
Common Stock	$694.0K
Additional Paid-In Capital	$2.2B
Retained Earnings	$10.3B
Treasury Stock	-$3.4B
Accum. Other Comp. Income	$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.1B
Minority Interest	$0
TOTAL EQUITY	$9.1B
TOTAL LIABILITIES & EQUITY	$27.3B
Total Debt	$1.0B
Net Debt	$223M