2021 Q4 Form 10-Q Financial Statement
#000109507321000035 Filed on November 04, 2021
Income Statement
Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
---|---|---|---|
Revenue | $3.120B | $2.925B | $2.610B |
YoY Change | 1303.37% | 12.08% | 27.79% |
Cost Of Revenue | $2.274B | $1.736B | |
YoY Change | 30.99% | 26.55% | |
Gross Profit | $651.1M | $874.0M | |
YoY Change | -25.5% | 30.33% | |
Gross Profit Margin | 22.26% | 33.48% | |
Selling, General & Admin | $619.1M | $582.2M | $456.0M |
YoY Change | 17.93% | 27.66% | 1.0% |
% of Gross Profit | 89.41% | 52.18% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $2.597B | $2.998B | $2.206B |
YoY Change | 1.8% | 35.88% | 13.62% |
Operating Profit | -$2.346B | -$1.332B | |
YoY Change | 76.15% | 4.81% | |
Interest Expense | -$23.36M | -$15.54M | $6.641M |
YoY Change | 57.86% | -333.99% | -16.01% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $500.1M | -$87.72M | $272.5M |
YoY Change | 318.81% | -132.19% | 192.96% |
Income Tax | $69.36M | -$14.25M | $29.45M |
% Of Pretax Income | 13.87% | 10.81% | |
Net Earnings | $430.7M | -$73.47M | $243.1M |
YoY Change | 577.2% | -130.23% | 132.82% |
Net Earnings / Revenue | 13.8% | -2.51% | 9.31% |
Basic Earnings Per Share | -$1.88 | $6.08 | |
Diluted Earnings Per Share | $11.09M | -$1.876M | $6.07 |
COMMON SHARES | |||
Basic Shares Outstanding | 39.37M shares | 39.16M shares | 39.48M shares |
Diluted Shares Outstanding | 39.20M shares | 39.56M shares |
Balance Sheet
Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $1.441B | $1.068B | $938.9M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | |||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $149.0M | ||
YoY Change | 152.54% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $2.920B | $2.855B | $1.912B |
YoY Change | 45.09% | 49.36% | 11.4% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $38.19B | $36.61B | $30.15B |
YoY Change | 16.73% | 21.4% | 11.58% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $17.35M | $23.27M | $171.0M |
YoY Change | -90.14% | -86.39% | 134.25% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $34.05M | $111.0M | $291.0M |
YoY Change | -91.11% | -61.87% | 129.13% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $3.089B | $1.911B | $711.0M |
YoY Change | 61.71% | 168.77% | 12.15% |
Other Long-Term Liabilities | $800.6M | $687.0M | $459.0M |
YoY Change | 53.66% | 49.67% | 43.89% |
Total Long-Term Liabilities | $3.889B | $2.598B | $1.170B |
YoY Change | 59.98% | 122.05% | 22.77% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $34.05M | $111.0M | $291.0M |
Total Long-Term Liabilities | $3.889B | $2.598B | $1.170B |
Total Liabilities | $28.05B | $26.63B | $20.56B |
YoY Change | 22.02% | 29.5% | 13.98% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $11.70B | $11.33B | $10.57B |
YoY Change | 10.72% | 7.23% | 4.07% |
Common Stock | $698.0K | $698.0K | $696.0K |
YoY Change | 0.29% | 0.29% | 0.29% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $3.847B | $3.822B | $3.622B |
YoY Change | 6.22% | 5.52% | 5.84% |
Treasury Stock Shares | 30.52M shares | 30.43M shares | 29.64M shares |
Shareholders Equity | $10.14B | $9.979B | $9.591B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $38.19B | $36.61B | $30.15B |
YoY Change | 16.73% | 21.4% | 11.58% |
Cashflow Statement
Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $430.7M | -$73.47M | $243.1M |
YoY Change | 577.2% | -130.23% | 132.82% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $1.043B | $1.163B | $1.086B |
YoY Change | 52.68% | 7.05% | 71.46% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.767B | -$969.1M | -$1.100B |
YoY Change | -9.56% | -11.92% | 111.03% |
Cash From Investing Activities | -$1.767B | -$969.1M | -$1.100B |
YoY Change | -9.56% | -11.92% | 111.03% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.087B | -223.4M | 26.20M |
YoY Change | -4.36% | -952.75% | -145.17% |
NET CHANGE | |||
Cash From Operating Activities | 1.043B | 1.163B | 1.086B |
Cash From Investing Activities | -1.767B | -969.1M | -1.100B |
Cash From Financing Activities | 1.087B | -223.4M | 26.20M |
Net Change In Cash | 362.8M | -29.97M | 11.90M |
YoY Change | -370.36% | -351.83% | -77.96% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.043B | $1.163B | $1.086B |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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NetInvestmentIncome
|
420116000 | USD | |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
-7329000 | USD |
CY2020Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
6196000 | USD |
us-gaap |
Debt Securities Available For Sale Realized Gain Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
-30234000 | USD | |
us-gaap |
Debt Securities Available For Sale Realized Gain Loss Excluding Other Than Temporary Impairment
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
-19641000 | USD | |
CY2021Q3 | us-gaap |
Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
|
3107000 | USD |
CY2020Q3 | us-gaap |
Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
|
104007000 | USD |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
138789000 | USD | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
84263000 | USD | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
44190000 | USD | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
47306000 | USD | |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
2925423000 | USD |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
2610184000 | USD |
CY2021Q3 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
2274301000 | USD |
CY2020Q3 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
1736210000 | USD |
CY2021Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
564335000 | USD |
CY2020Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
445332000 | USD |
CY2021Q3 | us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
141150000 | USD |
CY2020Q3 | us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
138875000 | USD |
CY2021Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
3013142000 | USD |
re |
Corporate Expenses
CorporateExpenses
|
46363000 | USD | |
re |
Corporate Expenses
CorporateExpenses
|
29184000 | USD | |
CY2021Q3 | re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
15539000 | USD |
CY2020Q3 | re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
6641000 | USD |
re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
46785000 | USD | |
re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
21477000 | USD | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
11.18 | ||
CY2020Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
2337676000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1045557000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
465953000 | USD | |
CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-14251000 | USD |
CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
29451000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
948376000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
450549000 | USD | |
CY2021Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-100021000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
63480000 | USD |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
1388000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
11453000 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-307929000 | USD | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
348524000 | USD | |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-53599000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
60628000 | USD |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
-1563000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
-1806000 | USD |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-1563000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-1806000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-331166000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
383446000 | USD | |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-226913000 | USD |
CY2020Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
357518000 | USD |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
23.74 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
11.20 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
23.72 | ||
CY2021Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.55 | |
CY2020Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.55 | |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.55 | |
CY2020Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.55 | |
CY2021Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.55 | |
CY2020Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.55 | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9978635000 | USD |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9591292000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
948376000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
450549000 | USD | |
us-gaap |
Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
|
736614000 | USD | |
us-gaap |
Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
|
357162000 | USD | |
us-gaap |
Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
|
92512000 | USD | |
us-gaap |
Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
|
53878000 | USD | |
us-gaap |
Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
|
230593000 | USD | |
us-gaap |
Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
|
172454000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-57270000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-184311000 | USD | |
us-gaap |
Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
|
146639000 | USD | |
us-gaap |
Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
|
7963000 | USD | |
us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
2576049000 | USD | |
us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
1665982000 | USD | |
us-gaap |
Increase Decrease In Future Policy Benefit Reserves
IncreaseDecreaseInFuturePolicyBenefitReserves
|
-1189000 | USD | |
us-gaap |
Increase Decrease In Future Policy Benefit Reserves
IncreaseDecreaseInFuturePolicyBenefitReserves
|
-2218000 | USD | |
us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
927524000 | USD | |
us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
392904000 | USD | |
us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
198954000 | USD | |
us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
68784000 | USD | |
re |
Increase Decrease In Losses In Course Of Payment
IncreaseDecreaseInLossesInCourseOfPayment
|
23661000 | USD | |
re |
Increase Decrease In Losses In Course Of Payment
IncreaseDecreaseInLossesInCourseOfPayment
|
132208000 | USD | |
re |
Change In Equity Adjustments In Limited Partnerships
ChangeInEquityAdjustmentsInLimitedPartnerships
|
543401000 | USD | |
re |
Change In Equity Adjustments In Limited Partnerships
ChangeInEquityAdjustmentsInLimitedPartnerships
|
12475000 | USD | |
us-gaap |
Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
|
105571000 | USD | |
us-gaap |
Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
|
55576000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
247615000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
131224000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
33199000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
29337000 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
57289000 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
32594000 | USD | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
138789000 | USD | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
84263000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2790541000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2190608000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
2756963000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
1781821000 | USD | |
re |
Proceeds From Sale Of Available For Sale Securities Debt Market Value
ProceedsFromSaleOfAvailableForSaleSecuritiesDebtMarketValue
|
883149000 | USD | |
re |
Proceeds From Sale Of Available For Sale Securities Debt Market Value
ProceedsFromSaleOfAvailableForSaleSecuritiesDebtMarketValue
|
1390747000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
2054000 | USD | |
re |
Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
|
578894000 | USD | |
re |
Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
|
329750000 | USD | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
216573000 | USD | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
210527000 | USD | |
re |
Payments To Acquire Available For Sale Securities Debt Market Value
PaymentsToAcquireAvailableForSaleSecuritiesDebtMarketValue
|
5670636000 | USD | |
re |
Payments To Acquire Available For Sale Securities Debt Market Value
PaymentsToAcquireAvailableForSaleSecuritiesDebtMarketValue
|
3874890000 | USD | |
re |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
507862000 | USD | |
re |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
460953000 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
604180000 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
392650000 | USD | |
us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
-422643000 | USD | |
us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
804744000 | USD | |
re |
Net Change In Unsettled Securities Transactions
NetChangeInUnsettledSecuritiesTransactions
|
177259000 | USD | |
re |
Net Change In Unsettled Securities Transactions
NetChangeInUnsettledSecuritiesTransactions
|
-89064000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2101715000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1729274000 | USD | |
re |
Payments For Shares Issued For Share Based Compensation Net Of Expense
PaymentsForSharesIssuedForShareBasedCompensationNetOfExpense
|
12156000 | USD | |
re |
Payments For Shares Issued For Share Based Compensation Net Of Expense
PaymentsForSharesIssuedForShareBasedCompensationNetOfExpense
|
13617000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
200064000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
200020000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
185731000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
187110000 | USD | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
10647000 | USD | |
re |
Proceeds From Payments For Fhlbank Advance
ProceedsFromPaymentsForFhlbankAdvance
|
90000000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
15133000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
15298000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-413084000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-336691000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-8952000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6203000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
266790000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
130845000 | USD | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
801651000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
808036000 | USD |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1068441000 | USD |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
938881000 | USD |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
39767000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-169149000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
33422000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
16731000 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">1. GENERAL</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt">Everest Re Group, Ltd. (“Group”), a Bermuda company, through its subsidiaries, principally provides reinsurance and insurance in the U.S., Bermuda and international markets. As used in this document, “Company” means Group and its subsidiaries.</span></p> | ||
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">2. BASIS OF PRESENTATION</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt">The unaudited consolidated financial statements of the Company as of September 30, 2021 and December 31, 2020 and for the three and nine months ended September 30, 2021 and 2020 include all adjustments, consisting of normal recurring accruals, which, in the opinion of management, are necessary for a fair statement of the results on an interim basis. Certain financial information, which is normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), has been omitted since it is not required for interim reporting purposes. The December 31, 2020 consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. The results for the three and nine months ended September 30, 2021 and 2020 are not necessarily indicative of the results for a full year. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the years ended December 31, 2020, 2019 and 2018, included in the Company’s most recent Form 10-K filing.</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt">The Company consolidates the results of operations and financial position of all voting interest entities ("VOE") in which the Company has a controlling financial interest and all variable interest entities ("VIE") in which the Company is considered to be the primary beneficiary. The consolidation assessment, including the determination as to whether an entity qualifies as a VIE or VOE, depends on the facts and circumstances surrounding each entity. </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities (and disclosure of contingent assets and liabilities) at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Ultimate actual results could differ, possibly materially, from those estimates. This is particularly true given the fluid and continuing nature of the COVID-19 Pandemic. This is an ongoing event and so is the Company’s evaluation and analysis. While the Company’s analysis considers all aspects of its operations, it does not take into account legal, regulatory or legislative intervention that could retroactively mandate or expand coverage provisions. Given the uncertainties in the current public health and economic environment, there could be an adverse impact on results for the Property & Casualty industry and the Company for the remainder of the year. The impact is dependent on the shape and length of the economic recovery.</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt">All intercompany accounts and transactions have been eliminated. </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt">Certain reclassifications and format changes have been made to prior years’ amounts to conform to the 2021 presentation.</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt; text-decoration: underline">Application of Recently Issued Accounting Standard Changes. </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Reference Rate Reform - LIBOR.</span><span style="font-family: Calibri; font-size: 10.00pt"> In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-04 (and subsequently issued ASU 2021-01 in January 2021), which outlines the issues surrounding the cessation of LIBOR as a reference rate for contractual debt agreements. The guidance also details the potential alternative expedients and sources available for use in determination of rates and terms for such debt agreements in order to apply appropriate accounting policy. The guidance is effective for annual reporting</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt">periods beginning after December 15, 2021. The Company is currently evaluating the impact of the adoption of ASU 2020-04 and 2021-01 on its financial statements.</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Accounting for Income Taxes.</span><span style="font-family: Calibri; font-size: 10.00pt"> In December 2019, The FASB issued ASU 2019-12, which provides simplification of existing guidance for income taxes, including the removal of certain exceptions related to recognition of deferred tax liabilities on foreign subsidiaries. The guidance is effective for annual reporting periods beginning after December 15, 2020 and interim periods within that annual reporting period. The Company adopted the guidance as of January 1, 2021. The adoption of ASU 2019-12 did not have a material impact on the Company’s financial statements.</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Accounting for Long Duration Contracts.</span><span style="font-family: Calibri; font-size: 10.00pt"> In August 2018, FASB issued ASU 2018-12, which discusses changes to the recognition, measurement and presentation of long duration contracts. The main provisions of this guidance address the following: 1) In determining liability for future policy benefits, companies must review cash flow assumptions at least annually and the discount rate assumption at each reporting period date 2) Amortization of deferred acquisition costs has been simplified to be in constant level proportion to either premiums, gross profits or gross margins 3) Disaggregated roll forwards of beginning and ending liabilities for future policy benefits are required. The guidance was originally effective for annual reporting periods beginning after December 15, 2020 and interim periods within that annual reporting period. However, FASB issued ASU 2019-09 in November 2019 and then ASU 2020-11 in November 2021, which ultimately defers the effective date of ASU 2018-12 until annual reporting periods beginning after December 15, 2022. The Company is currently evaluating the impact of the adoption of ASU 2018-12 on its financial statements.</span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-bottom: 0; text-align: justify"><span style="font-family: Calibri; font-size: 10.00pt">Any issued guidance and pronouncements, other than those directly referenced above, are deemed by the Company to be either not applicable or immaterial to its financial statements.</span></p> | ||
CY2021Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
21182756000 | USD |
CY2021Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
21182756000 | USD |
CY2021Q3 | re |
Available For Sale Securities Debt Securities Market Value
AvailableForSaleSecuritiesDebtSecuritiesMarketValue
|
21623119000 | USD |
CY2020Q4 | re |
Available For Sale Securities Debt Securities Market Value
AvailableForSaleSecuritiesDebtSecuritiesMarketValue
|
20040173000 | USD |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-108789000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
55587000 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-344370000 | USD | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
392640000 | USD | |
CY2021Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-7380000 | USD |
CY2020Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3560000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-36441000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
44116000 | USD | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-307929000 | USD | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
348524000 | USD | |
re |
Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
|
-733000 | USD | |
re |
Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
|
-805000 | USD | |
CY2021Q3 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
308609000 | USD |
CY2020Q3 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
244913000 | USD |
us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
1004036000 | USD | |
CY2021Q3 | re |
Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
|
307685000 | USD |
CY2020Q3 | re |
Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
|
244520000 | USD |
us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
454804000 | USD | |
CY2021Q3 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
15850000 | USD |
CY2020Q3 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
10680000 | USD |
us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
43769000 | USD | |
us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
34688000 | USD | |
CY2021Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
292759000 | USD |
CY2020Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
234233000 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
960267000 | USD | |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
420116000 | USD | |
CY2021Q3 | re |
Additional Contractual Commitments
AdditionalContractualCommitments
|
2648100000 | USD |
re |
Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
|
992320000 | USD | |
re |
Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
|
444688000 | USD | |
CY2021Q3 | re |
Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
|
1196000 | USD |
CY2020Q3 | re |
Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
|
684000 | USD |
re |
Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
|
12449000 | USD | |
re |
Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
|
10921000 | USD | |
CY2021Q3 | re |
Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
|
-272000 | USD |
CY2020Q3 | re |
Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
|
-291000 | USD |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
138789000 | USD | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
84263000 | USD | |
CY2021Q2 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
24650000 | USD |
CY2020Q4 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
1745000 | USD |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
5408000 | USD |
us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
27298000 | USD | |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
|
3384000 | USD |
us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
|
4852000 | USD | |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
|
-1462000 | USD |
us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
|
-1915000 | USD | |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
31980000 | USD |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
31980000 | USD |
CY2020Q2 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
25837000 | USD |
CY2020Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
150000 | USD |
us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
32884000 | USD | |
CY2020Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
|
5562000 | USD |
us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
|
6644000 | USD | |
CY2020Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
|
-310000 | USD |
us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
|
-4646000 | USD | |
CY2020Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
|
-11598000 | USD |
us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
|
-15241000 | USD | |
CY2020Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
19641000 | USD |
CY2020Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
19641000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
948376000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
450549000 | USD | |
CY2021Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
61457000 | USD |
CY2020Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
61910000 | USD |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
185731000 | USD | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
187115000 | USD | |
CY2020Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
16398997000 | USD |
CY2019Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
13611313000 | USD |
CY2020Q4 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
1843691000 | USD |
CY2020Q4 | re |
Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
|
14555306000 | USD |
CY2019Q4 | re |
Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
|
11970601000 | USD |
us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
5577911000 | USD | |
us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
4572640000 | USD | |
us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
-6050000 | USD | |
us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
1426000 | USD | |
us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
5571861000 | USD | |
us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
4574066000 | USD | |
us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
|
1375665000 | USD | |
us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
|
1015538000 | USD | |
us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
1786393000 | USD | |
us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
2042712000 | USD | |
us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
3162058000 | USD | |
us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
3058250000 | USD | |
us-gaap |
Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
|
-41000000 | USD | |
us-gaap |
Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
|
-28024000 | USD | |
CY2021Q3 | re |
Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
|
16924109000 | USD |
CY2020Q3 | re |
Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
|
13458393000 | USD |
CY2021Q3 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
2032844000 | USD |
CY2020Q3 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
1774732000 | USD |
CY2021Q3 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
18956953000 | USD |
CY2020Q3 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
15233125000 | USD |
us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
5577900000 | USD | |
us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
4572600000 | USD | |
CY2021Q3 | re |
Public Equity Portfolio Fair Value Disclosure
PublicEquityPortfolioFairValueDisclosure
|
1253900000 | USD |
CY2020Q4 | re |
Public Equity Portfolio Fair Value Disclosure
PublicEquityPortfolioFairValueDisclosure
|
784700000 | USD |
CY2021Q3 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
1523595000 | USD |
CY2020Q4 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
1472236000 | USD |
CY2021Q3 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
-134925000 | USD |
CY2020Q3 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
181148000 | USD |
us-gaap |
Undistributed Earnings
UndistributedEarnings
|
762646000 | USD | |
us-gaap |
Undistributed Earnings
UndistributedEarnings
|
263435000 | USD | |
CY2021Q3 | re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
1.000 | pure |
CY2020Q3 | re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.988 | pure |
re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.987 | pure | |
re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.987 | pure | |
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-134925000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
178938000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
752414000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
260096000 | USD | |
CY2021Q3 | re |
Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
|
61457000 | USD |
CY2020Q3 | re |
Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
|
61199000 | USD |
re |
Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
|
183333000 | USD | |
re |
Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
|
184836000 | USD | |
CY2021Q3 | re |
Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
|
-73468000 | USD |
CY2020Q3 | re |
Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
|
240138000 | USD |
re |
Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
|
935748000 | USD | |
re |
Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
|
444931000 | USD | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
39161000 | shares |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
39483000 | shares |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
39409000 | shares | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
39711000 | shares | |
CY2021Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
36000 | shares |
CY2020Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
74000 | shares |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
44000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
79000 | shares | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39197000 | shares |
CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39557000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39452000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39790000 | shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
23.74 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
11.20 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
23.72 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
11.18 | ||
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39161000 | shares |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39483000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39409000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39711000 | shares | |
CY2021Q3 | re |
Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonvestedCommonSharesExpectedToVest
|
39161000 | shares |
CY2020Q3 | re |
Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonvestedCommonSharesExpectedToVest
|
39971000 | shares |
re |
Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonvestedCommonSharesExpectedToVest
|
39945000 | shares | |
re |
Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonvestedCommonSharesExpectedToVest
|
40221000 | shares | |
CY2021Q3 | re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
1.000 | pure |
CY2020Q3 | re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.988 | pure |
re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.987 | pure | |
re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.987 | pure | |
CY2020Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2021Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-367279000 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-36113000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-331166000 | USD | |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
122324000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
7863000 | USD |
us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
426931000 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
43485000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
383446000 | USD | |
CY2021Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
1530000000.0 | USD |
CY2021Q3 | re |
Line Of Credit Facility Uncommited Amount Available
LineOfCreditFacilityUncommitedAmountAvailable
|
140000000.0 | USD |
CY2021Q3 | us-gaap |
Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
|
281000 | USD |
CY2020Q3 | us-gaap |
Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
|
132000 | USD |
us-gaap |
Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
|
1002000 | USD | |
us-gaap |
Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
|
587000 | USD | |
CY2021Q3 | re |
Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Percentage Of Admitted Assets Allowed For Borrowing Base
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumPercentageOfAdmittedAssetsAllowedForBorrowingBase
|
0.10 | pure |
CY2021Q3 | us-gaap |
Security Deposit
SecurityDeposit
|
1526100000 | USD |
CY2021Q3 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
114694000 | USD |
CY2020Q3 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
86712000 | USD |
us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
269987000 | USD | |
us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
245422000 | USD | |
CY2021Q3 | re |
Ceded Earned Premiums
CededEarnedPremiums
|
100133000 | USD |
CY2020Q3 | re |
Ceded Earned Premiums
CededEarnedPremiums
|
71396000 | USD |
re |
Ceded Earned Premiums
CededEarnedPremiums
|
249662000 | USD | |
re |
Ceded Earned Premiums
CededEarnedPremiums
|
233089000 | USD | |
CY2021Q3 | re |
Ceded Losses And Loss Adjustment Expenses
CededLossesAndLossAdjustmentExpenses
|
169998000 | USD |
CY2020Q3 | re |
Ceded Losses And Loss Adjustment Expenses
CededLossesAndLossAdjustmentExpenses
|
87917000 | USD |
re |
Ceded Losses And Loss Adjustment Expenses
CededLossesAndLossAdjustmentExpenses
|
281893000 | USD | |
re |
Ceded Losses And Loss Adjustment Expenses
CededLossesAndLossAdjustmentExpenses
|
173968000 | USD | |
CY2021Q3 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
4273000 | USD |
CY2020Q3 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
8894000 | USD |
us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
9490000 | USD | |
us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
14448000 | USD | |
CY2021Q3 | re |
Assumed Earned Premiums
AssumedEarnedPremiums
|
4273000 | USD |
CY2021Q3 | us-gaap |
Underwriting Income Loss
UnderwritingIncomeLoss
|
-323383000 | USD |
CY2020Q3 | us-gaap |
Underwriting Income Loss
UnderwritingIncomeLoss
|
-114606000 | USD |
us-gaap |
Underwriting Income Loss
UnderwritingIncomeLoss
|
-4541000 | USD | |
us-gaap |
Underwriting Income Loss
UnderwritingIncomeLoss
|
-35071000 | USD | |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
960267000 | USD | |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
420116000 | USD | |
CY2021Q3 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-4222000 | USD |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
138789000 | USD | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
84263000 | USD | |
re |
Corporate Expenses
CorporateExpenses
|
46363000 | USD | |
re |
Corporate Expenses
CorporateExpenses
|
29184000 | USD | |
CY2021Q3 | re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
15539000 | USD |
CY2020Q3 | re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
6641000 | USD |
re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
46785000 | USD | |
re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
21477000 | USD | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
44190000 | USD | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
47306000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1045557000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
465953000 | USD | |
re |
Percentage Threshold Of Company Revenue Not Exceeded By Any Other Country
PercentageThresholdOfCompanyRevenueNotExceededByAnyOtherCountry
|
0.05 | pure | |
us-gaap |
Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
|
4378000 | USD | |
us-gaap |
Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
|
6126000 | USD | |
CY2020Q3 | re |
Assumed Earned Premiums
AssumedEarnedPremiums
|
8894000 | USD |
re |
Assumed Earned Premiums
AssumedEarnedPremiums
|
9490000 | USD | |
re |
Assumed Earned Premiums
AssumedEarnedPremiums
|
14448000 | USD | |
CY2021Q3 | us-gaap |
Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
|
217500000 | USD |
CY2020Q4 | us-gaap |
Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
|
254900000 | USD |
CY2021Q3 | re |
Reinsurance Deferred Gain Liability
ReinsuranceDeferredGainLiability
|
34400000 | USD |
CY2020Q4 | re |
Reinsurance Deferred Gain Liability
ReinsuranceDeferredGainLiability
|
38800000 | USD |
us-gaap |
Debt Instrument Redemption Period End Date
DebtInstrumentRedemptionPeriodEndDate
|
2047-05-01 | ||
CY2021Q3 | us-gaap |
Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
|
1456000 | USD |
CY2020Q3 | us-gaap |
Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
|
1587000 | USD |