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1、EVEREST RE GROUP,LTD.2006 ANNUAL REPORTCorporate ProfileEverest Re Group,Ltd.is a Bermuda holding company that operates through the following subsidiaries:Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S.and international markets.Everest Reinsurance(
2、Bermuda),Ltd.,including its United Kingdom branch,provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers.Everest National Insurance Company,Everest Security Insurance Company and Everest Indemnity Insurance Company provide property and casualty
3、 insurance to policyholders in the United States on admitted and excess and surplus lines bases.Milestones 2003Everest executes its hard-market growth strategies across its insurance and reinsurance segments,with gross written premiums increasing 144%from$1.9 billion in 2001 to$4.6 billion in 2003 2
4、000Through a corporate restructuring,Everests ultimate parent redomesticates to Bermuda;and Everest expands its international reinsurance operations 1995Following its IPO,Everest becomes a publicly-traded reinsurance company,with gross written premiums of$950 million supported by shareholders equity
5、 of nearly$1 billion 2006Everest achieves record earnings of$840.8 million by executing its disciplined cycle and risk management strategies,with shareholders equity surpassing the$5 billion mark 2005Despite unprecedented industry hurricane losses,Everest maintains its top ratings and grows its capi
6、tal base through strong core earnings and over$750 million of capital raised from two equity offeringsFinancial Summary(in millions,except per share data)200620052004Balance SheetTotal assets$17,107.6$16,474.5$15,072.8Shareholders equity5,107.74,139.73,712.5Book value per common share78.5364.0466.09