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Everest Group EG Everest Re — Capital Required For Capital Adequacy

Discontinued — last reported Q4 '22

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Other financials

Income statement

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Revenue$4.1B-4.6%
Net income$653.0M+211%
EPS (diluted)$16.21+231%

Balance sheet

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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

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Operating cash flow$649.0M-30.1%

Valuation

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Market cap$13.28B-15.4%
P/E6.5×
P/S0.8×-0.1×

Profitability

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Net margin11.8%

Returns & leverage

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Return on equity13.8%
Debt / equity0.0×

Where this comes from

Reported directly by Everest Group in its filing.

Tagged under the XBRL concept us-gaap:CapitalRequiredForCapitalAdequacy.

The official record: Everest Group’s 10-K, filed February 24, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Everest Group's everest re — capital required for capital adequacy?
Everest Group (EG) reported everest re — capital required for capital adequacy of $3.35B in Q4 2022.
What does everest re — capital required for capital adequacy mean?
The minimum amount of capital regulators require the insurance business to hold to ensure it can cover potential risks.
How do you interpret everest re — capital required for capital adequacy?
A lower ratio of actual capital to required capital may signal increased risk or a need for capital injection, while a higher ratio indicates a strong safety margin.
How does everest re — capital required for capital adequacy compare across companies?
This is equivalent to 'Required Capital' or 'RBC Requirement' used by global insurance peers to demonstrate solvency to regulators and rating agencies.