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Everest Re Group announces net reserve adjustments for 2Q18

Jul. 19, 2018 11:13 PM ETEverest Group, Ltd. (EG) StockBy: Gaurav Batavia, SA News Editor
  • Everest Re Group (NYSE:RE) expects to report a charge for net reserve adjustments of ~$250M, after tax, for 2Q18 related to prior year catastrophe events and include a partial offset from favorable prior year development of non-catastrophe reserves.
  • In addition, current year weather-related events are expected to result net charge of ~$25M, after tax.
  • Press Release

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