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Unaudited Quarterly Financial Data
12 Months Ended
Dec. 31, 2020
Unaudited Quarterly Financial Data [Abstract]  
Unaudited Quarterly Financial Data

19. UNAUDITED QUARTERLY FINANCIAL DATA

 

Summarized quarterly financial data for the periods indicated:

 

2020

(Dollars in thousands, except per share amounts)

1st Quarter

 

2nd Quarter

 

3rd Quarter

 

4th Quarter

 

 

 

 

 

 

 

 

 

 

 

 

Operating data:

 

 

 

 

 

 

 

 

 

 

 

Gross written premiums

$

2,570,871

 

$

2,369,338

 

$

2,791,604

 

$

2,750,548

Net written premiums

 

2,201,479

 

 

2,017,478

 

 

2,448,680

 

 

2,449,346

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned

 

2,036,814

 

 

2,042,405

 

 

2,205,811

 

 

2,396,483

Net investment income

 

147,800

 

 

38,083

 

 

234,233

 

 

222,349

Net realized capital gains (losses)

 

(210,588)

 

 

184,648

 

 

110,203

 

 

183,386

Total claims and underwriting expenses

 

2,008,222

 

 

1,991,462

 

 

2,320,417

 

 

2,615,223

Net income (loss)

 

16,612

 

 

190,880

 

 

243,057

 

 

63,601

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share attributable to Everest Re Group:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.41

 

$

4.78

 

$

6.08

 

$

1.59

Diluted

$

0.41

 

$

4.77

 

$

6.07

 

$

1.59

 

2019

(Dollars in thousands, except per share amounts)

1st Quarter

 

2nd Quarter

 

3rd Quarter

 

4th Quarter

 

 

 

 

 

 

 

 

 

 

 

 

Operating data:

 

 

 

 

 

 

 

 

 

 

 

Gross written premiums

$

2,127,108

 

$

2,166,655

 

$

2,403,274

 

$

2,436,327

Net written premiums

 

1,851,698

 

 

1,783,983

 

 

2,068,557

 

 

2,120,186

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned

 

1,732,697

 

 

1,817,299

 

 

1,905,619

 

 

1,948,071

Net investment income

 

140,976

 

 

179,028

 

 

181,058

 

 

146,077

Net realized capital gains (losses)

 

92,232

 

 

30,272

 

 

(12,943)

 

 

75,443

Total claims and underwriting expenses

 

1,537,009

 

 

1,620,413

 

 

1,933,158

 

 

1,976,943

Net income (loss)

 

354,551

 

 

332,868

 

 

104,398

 

 

217,644

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share attributable to Everest Re Group:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

8.70

 

$

8.17

 

$

2.56

 

$

5.34

Diluted

$

8.67

 

$

8.15

 

$

2.56

 

$

5.32