The Bermudan group Everest Re [4] recorded a 24.5% turnover increase in 2021. Written premiums went from 10.482 billion USD as of 31 December 2020 to 13.049 billion USD one year later. This growth is the result of a strong insurance and reinsurance performance. These two activities show an increase in turnover of 24.5% and 24.4% respectively reaching 9.067 billion USD and 3.982 billion USD.
The net profit stood at 1.38 billion USD, growing by 168% compared to 514.1 million USD recorded at the end of 2020. Operating profit rose from 300.1 million USD in 2020 to 1.153 billion USD in 2021.
As of 31 December 2021, the combined ratio increased by 5.1 points to 97.8%. Natural disaster losses cost the group 1.065 billion USD in 2021. Most of those losses, namely 912.5 million USD, were covered by the reinsurance business activity.
The net investment income rose by 81.3% to reach 1.165 billion USD.