Home About Everest News Everest Announces Estimated Third Quarter 2021 Catastrophe Losses Everest Announces Estimated Third Quarter 2021 Catastrophe Losses Everest is estimating total pre-tax net catastrophe losses of $635 million for the third quarter 2021. 10/14/2021 BERMUDA Seon Place, 4th Floor Hamilton HM 19,, Bermuda CONTACT Jon Levenson Head of Investor Relations (908) 604-3169 SHARE in tw mail HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (“Everest” or the “Company”) (NYSE:RE) announced today preliminary third quarter 2021 catastrophe losses in advance of its full quarterly earnings to be released on October 27, 2021. Everest is estimating total pre-tax net catastrophe losses of $635 million for the third quarter 2021 as detailed in the table below. All amounts are net of recoveries and reinstatement premiums For Hurricane Ida, Everest is estimating insured industry losses of approximately $28-$30 billion For the July European floods, Everest is estimating insured industry losses of approximately $12 billion Amounts in USD (millions) Reinsurance Segment Insurance Segment Event Totals Hurricane Ida 335 80 415 European Floods 220 0 220 Segment Totals 555 80 635 “The widespread impact of natural catastrophes in the third quarter has affected communities around the world,” said Juan C. Andrade, President and CEO of Everest Re Group. “Our thoughts are with all of those affected, and we stand ready to help our customers and communities as they rebuild, recover and emerge even stronger.” About Everest Re Group, Ltd. Everest Re Group, Ltd. is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda, and other territories. Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world. Everest common stock (NYSE:RE) is a component of the S&P 500 index. Additional information about Everest, our people, and our products can be found on our website atwww.everestre.com. All issuing companies may not do business in all jurisdictions. This news release contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of the Company, including the expected closing and use of proceeds from the debt offering. These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations, trends in insured and paid losses, catastrophes, pandemic losses, regulatory and legal uncertainties and other factors described in our latest Annual Report on Form 10-K. Everest undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Media: Dawn Lauer Chief Communications Officer Everest Global Services, Inc. 908.300.7670 Investors: Jon Levenson Head of Investor Relations Everest Global Services, Inc. 908.604.3169 Source: Everest Re Group, Ltd. Everest Re Group, Ltd. (RE) Price$277.9RE (Common Stock)-1.59 (-0.57%)NYSE (U.S. Dollar)Volume: 134,676 Data as of 11/24/21 4:00PM EST (minimum 20-minute delay) A.M. BestA+ S&PA+ Moody'sA1 ReinsuranceUnited StatesCanadaBermudaLatin America and CaribbeanLondonContinental EuropeAsia PacificMiddle East and AfricaFacultativeReinsurance LocationsReinsurance LeadershipMt. Logan Re InsuranceProductsIndustriesServicesInsurance Claims & SupportInsurance LocationsInsurance LeadershipLloyd's SyndicateEverest Insurance (Ireland), DACEverest CanadaEverSports & Entertainment Insurance About EverestCorporate StructureLeadership—Board of DirectorsLeadership—Senior OfficersNewsOur LocationsPrivacy Security and Trust InvestorsInsightsCorporate Responsibility Connect with Everest Reinsurance: Connect with Everest Insurance: Copyright © 2011 - 2017 Everest Re Group, Ltd. - All Rights Reserved - Terms of Use - Privacy Notice Everest and the Flag Design are registered service marks and the Everest logo is a service mark of Everest Reinsurance Company. We use cookies and similar technologies to provide you with the best online experience. By continuing to use our site, you consent to the use of cookies on your devices in accordance with our cookie policy. For more information about how we use cookies or to change your cookie settings, please click here. ACCEPT ALL COOKIES