2022 Q1 Form 10-Q Financial Statement
#000109507322000011 Filed on May 05, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
Revenue | $242.8M | $260.4M |
YoY Change | -6.75% | -86.86% |
Cost Of Revenue | $1.790B | |
YoY Change | ||
Gross Profit | -$1.547B | |
YoY Change | ||
Gross Profit Margin | -637.14% | |
Selling, General & Admin | $619.2M | $501.4M |
YoY Change | 23.5% | 9.38% |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $2.570B | $2.355B |
YoY Change | 9.15% | 26.06% |
Operating Profit | -$4.118B | |
YoY Change | ||
Interest Expense | -$160.9M | -$15.60M |
YoY Change | 931.65% | -305.72% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $301.8M | $373.1M |
YoY Change | -19.1% | -955.29% |
Income Tax | $4.095M | $31.20M |
% Of Pretax Income | 1.36% | 8.36% |
Net Earnings | $297.8M | $341.9M |
YoY Change | -12.9% | 1957.92% |
Net Earnings / Revenue | 122.62% | 131.28% |
Basic Earnings Per Share | $7.57 | $8.53 |
Diluted Earnings Per Share | $7.56 | $8.52 |
COMMON SHARES | ||
Basic Shares Outstanding | 38.82M shares | 39.54M shares |
Diluted Shares Outstanding | 38.84M shares | 39.60M shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $1.778B | $1.133B |
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 | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $27.52B | $2.173B |
YoY Change | 1166.32% | 20.48% |
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $37.99B | $33.60B |
YoY Change | 13.07% | 23.41% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | $38.84M | $24.00M |
YoY Change | 61.85% | -86.29% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $106.5M | $175.0M |
YoY Change | -39.12% | -42.05% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $3.089B | $1.911B |
YoY Change | 61.64% | 202.37% |
Other Long-Term Liabilities | $693.1M | $578.0M |
YoY Change | 19.91% | 98.63% |
Total Long-Term Liabilities | $3.782B | $2.489B |
YoY Change | 51.95% | 169.66% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $106.5M | $175.0M |
Total Long-Term Liabilities | $3.782B | $2.489B |
Total Liabilities | $28.46B | $23.91B |
YoY Change | 19.01% | 28.27% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $11.94B | $10.85B |
YoY Change | 10.04% | 5.77% |
Common Stock | $698.0K | |
YoY Change | 0.29% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $3.646B | |
YoY Change | 0.65% | |
Treasury Stock Shares | 29.73M shares | |
Shareholders Equity | $9.528B | $9.683B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $37.99B | $33.60B |
YoY Change | 13.07% | 23.41% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $297.8M | $341.9M |
YoY Change | -12.9% | 1957.92% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | $846.4M | $904.4M |
YoY Change | -6.41% | 78.73% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$421.3M | -$455.5M |
YoY Change | -7.5% | 76.41% |
Cash From Investing Activities | -$421.3M | -$455.5M |
YoY Change | -7.51% | 76.43% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $1.322M | $23.55M |
YoY Change | -94.39% | -88.23% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$93.56M | -$108.9M |
YoY Change | -14.06% | -54.84% |
NET CHANGE | ||
Cash From Operating Activities | $846.4M | $904.4M |
Cash From Investing Activities | -$421.3M | -$455.5M |
Cash From Financing Activities | -$93.56M | -$108.9M |
Net Change In Cash | $337.4M | $331.0M |
YoY Change | 1.92% | 3351.61% |
FREE CASH FLOW | ||
Cash From Operating Activities | $846.4M | $904.4M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
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CY2021Q1 | us-gaap |
Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
|
14518000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-1251000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-24908000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
|
7167000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
|
27071000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
632398000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
655070000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Future Policy Benefit Reserves
IncreaseDecreaseInFuturePolicyBenefitReserves
|
-1146000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Future Policy Benefit Reserves
IncreaseDecreaseInFuturePolicyBenefitReserves
|
-162000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
4045000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
196631000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
46310000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
105390000 | USD |
CY2022Q1 | re |
Increase Decrease In Losses In Course Of Payment
IncreaseDecreaseInLossesInCourseOfPayment
|
-125074000 | USD |
CY2021Q1 | re |
Increase Decrease In Losses In Course Of Payment
IncreaseDecreaseInLossesInCourseOfPayment
|
11980000 | USD |
CY2022Q1 | re |
Change In Equity Adjustments In Limited Partnerships
ChangeInEquityAdjustmentsInLimitedPartnerships
|
97831000 | USD |
CY2021Q1 | re |
Change In Equity Adjustments In Limited Partnerships
ChangeInEquityAdjustmentsInLimitedPartnerships
|
116767000 | USD |
CY2022Q1 | us-gaap |
Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
|
71174000 | USD |
CY2021Q1 | us-gaap |
Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
|
18125000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-47052000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
149480000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11912000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11021000 | USD |
CY2022Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
19254000 | USD |
CY2021Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
17323000 | USD |
CY2022Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-153627000 | USD |
CY2021Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
38902000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
846439000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
904366000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
818352000 | USD |
CY2022Q1 | re |
Proceeds From Sale Of Available For Sale Securities Debt Market Value
ProceedsFromSaleOfAvailableForSaleSecuritiesDebtMarketValue
|
418988000 | USD |
CY2021Q1 | re |
Proceeds From Sale Of Available For Sale Securities Debt Market Value
ProceedsFromSaleOfAvailableForSaleSecuritiesDebtMarketValue
|
228278000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
|
90101000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
|
281313000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
52211000 | USD |
CY2022Q1 | re |
Payments To Acquire Available For Sale Securities Debt Market Value
PaymentsToAcquireAvailableForSaleSecuritiesDebtMarketValue
|
2010859000 | USD |
CY2021Q1 | re |
Payments To Acquire Available For Sale Securities Debt Market Value
PaymentsToAcquireAvailableForSaleSecuritiesDebtMarketValue
|
1776730000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
195026000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
174981000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
98939000 | USD |
CY2021Q1 | us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
-308585000 | USD |
CY2021Q1 | re |
Net Change In Unsettled Securities Transactions
NetChangeInUnsettledSecuritiesTransactions
|
93610000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-455521000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1778218000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1132660000 | USD |
CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6417000 | USD |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2210000 | USD |
CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1880000 | USD |
CY2022Q1 | 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> | |
CY2022Q1 | 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 March 31, 2022 and December 31, 2021 and for the three months ended March 31, 2022 and 2021 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, 2021 consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. The results for the three months ended March 31, 2022 and 2021 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, 2021, 2020 and 2019, 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. </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 2022 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-size: 10.00pt">The Company did not adopt any new accounting standards that had a material impact during the three months ended March 31, 2022. The Company assessed the adoption impacts of recently issued accounting standards by the Financial Accounting Standards Board on the Company’s consolidated financial statements as well as material updates to previous assessments, if any, from the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. There were no new material accounting standards issued in the three months ended March 31, 2022, that impacted Group.</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> | |
CY2022Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
22693029000 | USD |
CY2022Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
22693029000 | USD |
CY2022Q1 | re |
Available For Sale Securities Debt Securities Market Value
AvailableForSaleSecuritiesDebtSecuritiesMarketValue
|
21998415000 | USD |
CY2021Q4 | re |
Available For Sale Securities Debt Securities Market Value
AvailableForSaleSecuritiesDebtSecuritiesMarketValue
|
22308272000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-322708000 | USD |
CY2021Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-40427000 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-810999000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-292281000 | USD |
CY2021Q1 | re |
Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
|
266286000 | USD |
CY2021Q1 | re |
Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
|
7966000 | USD |
CY2021Q1 | re |
Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
|
-291000 | USD |
CY2021Q1 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
273961000 | USD |
CY2021Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
13548000 | USD |
CY2021Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
260413000 | USD |
CY2022Q1 | re |
Additional Contractual Commitments
AdditionalContractualCommitments
|
2500000000 | USD |
CY2022Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-153627000 | USD |
CY2021Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
38902000 | USD |
CY2021Q4 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
29738000 | USD |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
13113000 | USD |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
|
-1260000 | USD |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
41591000 | USD |
CY2020Q4 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
1745000 | USD |
CY2021Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
7298000 | USD |
CY2021Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
|
-320000 | USD |
CY2021Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
8723000 | USD |
CY2021Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
19009486000 | USD |
CY2020Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
16322143000 | USD |
CY2021Q4 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
1946365000 | USD |
CY2020Q4 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
1843691000 | USD |
CY2021Q4 | re |
Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
|
17063121000 | USD |
CY2020Q4 | re |
Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
|
14478452000 | USD |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
1790798000 | USD |
CY2021Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
1713253000 | USD |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
-935000 | USD |
CY2021Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
-1834000 | USD |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
1789863000 | USD |
CY2021Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
1711419000 | USD |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
|
307661000 | USD |
CY2021Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
|
215302000 | USD |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
918834000 | USD |
CY2021Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
837035000 | USD |
CY2022Q1 | us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
1226495000 | USD |
CY2021Q1 | us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
1052337000 | USD |
CY2022Q1 | us-gaap |
Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
|
-121934000 | USD |
CY2021Q1 | us-gaap |
Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
|
-5841000 | USD |
CY2022Q1 | re |
Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
|
17504555000 | USD |
CY2021Q1 | re |
Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
|
15131694000 | USD |
CY2022Q1 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
1991082000 | USD |
CY2021Q1 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
1882112000 | USD |
CY2022Q1 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
19495637000 | USD |
CY2021Q1 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
17013806000 | USD |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
1800000000 | USD |
CY2021Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
1700000000 | USD |
CY2022Q1 | re |
Public Equity Portfolio Fair Value Disclosure
PublicEquityPortfolioFairValueDisclosure
|
1400000000 | USD |
CY2021Q4 | re |
Public Equity Portfolio Fair Value Disclosure
PublicEquityPortfolioFairValueDisclosure
|
1300000000 | USD |
CY2022Q1 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
1780526000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
297751000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
341862000 | USD |
CY2022Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
61097000 | USD |
CY2022Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
236653000 | USD |
CY2022Q1 | re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.987 | pure |
CY2021Q1 | re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.987 | pure |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
233504000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
276031000 | USD |
CY2022Q1 | re |
Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
|
60282000 | USD |
CY2021Q1 | re |
Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
|
61415000 | USD |
CY2022Q1 | re |
Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
|
293785000 | USD |
CY2021Q1 | re |
Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
|
337446000 | USD |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
38823000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
39543000 | shares |
CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
14000 | shares |
CY2021Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
54000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
38837000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39597000 | shares |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
7.57 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
8.53 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
7.56 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
8.52 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
38823000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39543000 | shares |
CY2022Q1 | re |
Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonvestedCommonSharesExpectedToVest
|
39347000 | shares |
CY2021Q1 | re |
Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonvestedCommonSharesExpectedToVest
|
40059000 | shares |
CY2022Q1 | re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.987 | pure |
CY2021Q1 | re |
Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
|
0.987 | pure |
CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-961050000 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-116707000 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-844343000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-339110000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-39290000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-299820000 | USD |
CY2022Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
1200000 | USD |
CY2022Q1 | re |
Line Of Credit Facility Uncommited Amount Available
LineOfCreditFacilityUncommitedAmountAvailable
|
340000000.0 | USD |
CY2022Q1 | re |
Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Percentage Of Admitted Assets Allowed For Borrowing Base
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumPercentageOfAdmittedAssetsAllowedForBorrowingBase
|
0.10 | pure |
CY2022Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
1800000 | USD |
CY2021Q1 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
99110000 | USD |
CY2021Q1 | re |
Ceded Earned Premiums
CededEarnedPremiums
|
78107000 | USD |
CY2021Q1 | re |
Ceded Losses And Loss Adjustment Expenses
CededLossesAndLossAdjustmentExpenses
|
80843000 | USD |
CY2021Q1 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
2476000 | USD |
CY2021Q1 | re |
Assumed Earned Premiums
AssumedEarnedPremiums
|
2476000 | USD |
CY2022Q1 | us-gaap |
Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
|
192500000 | USD |
CY2021Q4 | us-gaap |
Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
|
206100000 | USD |
CY2022Q1 | re |
Reinsurance Deferred Gain Liability
ReinsuranceDeferredGainLiability
|
14400000 | USD |
CY2021Q4 | re |
Reinsurance Deferred Gain Liability
ReinsuranceDeferredGainLiability
|
15500000 | USD |
CY2022Q1 | us-gaap |
Debt Instrument Redemption Period End Date
DebtInstrumentRedemptionPeriodEndDate
|
2047-05-01 | |
CY2022Q1 | us-gaap |
Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
|
1530000 | USD |
CY2021Q1 | us-gaap |
Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
|
1462000 | USD |
CY2022Q1 | us-gaap |
Premiums Written Gross
PremiumsWrittenGross
|
3186351000 | USD |
CY2021Q1 | us-gaap |
Premiums Written Gross
PremiumsWrittenGross
|
2931433000 | USD |
CY2022Q1 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
2812013000 | USD |
CY2021Q1 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
2553937000 | USD |
CY2022Q1 | us-gaap |
Underwriting Income Loss
UnderwritingIncomeLoss
|
235379000 | USD |
CY2021Q1 | us-gaap |
Underwriting Income Loss
UnderwritingIncomeLoss
|
45204000 | USD |
CY2022Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
242830000 | USD |
CY2021Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
260413000 | USD |
CY2022Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-153627000 | USD |
CY2021Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
38902000 | USD |
CY2022Q1 | re |
Corporate Expenses
CorporateExpenses
|
14020000 | USD |
CY2021Q1 | re |
Corporate Expenses
CorporateExpenses
|
12378000 | USD |
CY2022Q1 | re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
24078000 | USD |
CY2021Q1 | re |
Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
|
15639000 | USD |
CY2022Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
15363000 | USD |
CY2021Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
56593000 | USD |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
301847000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
373095000 | USD |
CY2022Q1 | re |
Percentage Threshold Of Company Revenue Not Exceeded By Any Other Country
PercentageThresholdOfCompanyRevenueNotExceededByAnyOtherCountry
|
0.05 | pure |