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Everest Group EG Property And Liability Insurance — Ceded Premiums Earned

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:CededPremiumsEarned.

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 property and liability insurance — ceded premiums earned?
Everest Group (EG) reported property and liability insurance — ceded premiums earned of $378.25M in Q4 2022.
How has Everest Group's property and liability insurance — ceded premiums earned changed year-over-year?
Everest Group's property and liability insurance — ceded premiums earned increased by 1.0% year-over-year, from $374.5M to $378.25M.
What does property and liability insurance — ceded premiums earned mean?
The amount of earned premiums the company has paid to other insurers to share or transfer its risk.
How do you interpret property and liability insurance — ceded premiums earned?
An increase suggests higher risk transfer activity or increased reinsurance costs, while a decrease may indicate a higher retention of risk by the company.
How does property and liability insurance — ceded premiums earned compare across companies?
Standard metric across the insurance industry, often compared as a percentage of gross premiums to evaluate risk retention ratios.