What does BM — sales & marketing mean?

The costs incurred by the segment to acquire and market insurance policies.

How do you interpret BM — sales & marketing?

An increase relative to new business growth may indicate rising acquisition costs or increased competition, whereas a decrease suggests improved marketing efficiency.

How does BM — sales & marketing compare across companies?

Comparable to Policy Acquisition Costs or Selling, General, and Administrative expenses in peer reports.

Everest Group EG BM — Sales & Marketing

Discontinued — last reported Q3 '18

Similar metrics at other companies

ACGLMortgage — Acquisition expenses

$8M+100%

MKLInvesting — Underwriting Acquisition And Insurance Expenses

$0—

MNSTAll Other Segments — Selling And Marketing Expense

$40K-64.6%

ACGLUnderwriting Segments — Acquisition expenses

$578M+15.4%

EXPEB2B — Sales & Marketing

$726M+25.8%

ERIEManagement Operations — Sales and advertising

$4.91M-29.4%

Other financials

Income statement

See full

Revenue$4.1B-4.6%

Net income$653.0M+211%

EPS (diluted)$16.21+231%

Balance sheet

See full

Cash & equivalents$1.4B-9.7%

Total debt$196.0M+55.6%

Total equity$15.3B+8.1%

Total assets$62.3B+7.2%

Cash flow

See full

Operating cash flow$649.0M-30.1%

Valuation

See full

Market cap$13.28B-15.4%

P/E6.5×—

P/S0.8×-0.1×

Profitability

See full

Net margin11.8%—

Returns & leverage

See full

Return on equity13.8%—

Debt / equity0×0.0×

Where this comes from

Reported directly by Everest Group in its filing.

Tagged under the XBRL concept us-gaap:SellingAndMarketingExpense.

The official record: Everest Group’s 10-Q, filed November 9, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does BM — sales & marketing mean?: The costs incurred by the segment to acquire and market insurance policies.
How do you interpret BM — sales & marketing?: An increase relative to new business growth may indicate rising acquisition costs or increased competition, whereas a decrease suggests improved marketing efficiency.
How does BM — sales & marketing compare across companies?: Comparable to Policy Acquisition Costs or Selling, General, and Administrative expenses in peer reports.