Intrinsic value of Everest Re Group - RE

Previous Close

$238.12

  Intrinsic Value

$342.07

stock screener

  Rating & Target

buy

+44%

  Value-price divergence*

-75%

Previous close

$238.12

 
Intrinsic value

$342.07

 
Up/down potential

+44%

 
Rating

buy

 
Value-price divergence*

-75%

Our model is not good at valuating stocks of financial companies, such as RE.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of RE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 9.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -1.92
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  0
  5,943
  6,079
  6,235
  6,411
  6,605
  6,818
  7,051
  7,302
  7,573
  7,863
  8,174
  8,506
  8,859
  9,235
  9,633
  10,055
  10,502
  10,975
  11,474
  12,001
  12,558
  13,144
  13,763
  14,414
  15,100
  15,823
  16,583
  17,384
  18,225
  19,111
Variable operating expenses, $m
 
  939
  961
  985
  1,013
  1,044
  1,077
  1,114
  1,154
  1,197
  1,242
  1,292
  1,344
  1,400
  1,459
  1,522
  1,589
  1,659
  1,734
  1,813
  1,896
  1,984
  2,077
  2,174
  2,277
  2,386
  2,500
  2,620
  2,747
  2,880
  3,020
Fixed operating expenses, $m
 
  3,946
  4,045
  4,146
  4,250
  4,356
  4,465
  4,576
  4,691
  4,808
  4,928
  5,052
  5,178
  5,307
  5,440
  5,576
  5,715
  5,858
  6,005
  6,155
  6,309
  6,466
  6,628
  6,794
  6,964
  7,138
  7,316
  7,499
  7,687
  7,879
  8,076
Total operating expenses, $m
  4,690
  4,885
  5,006
  5,131
  5,263
  5,400
  5,542
  5,690
  5,845
  6,005
  6,170
  6,344
  6,522
  6,707
  6,899
  7,098
  7,304
  7,517
  7,739
  7,968
  8,205
  8,450
  8,705
  8,968
  9,241
  9,524
  9,816
  10,119
  10,434
  10,759
  11,096
Operating income, $m
  1,136
  1,057
  1,074
  1,104
  1,148
  1,206
  1,276
  1,360
  1,457
  1,568
  1,693
  1,831
  1,984
  2,152
  2,336
  2,535
  2,751
  2,985
  3,236
  3,506
  3,796
  4,107
  4,439
  4,794
  5,173
  5,577
  6,007
  6,464
  6,950
  7,467
  8,016
EBITDA, $m
  1,136
  1,057
  1,074
  1,104
  1,148
  1,206
  1,276
  1,360
  1,457
  1,568
  1,693
  1,831
  1,984
  2,152
  2,336
  2,535
  2,751
  2,985
  3,236
  3,506
  3,796
  4,107
  4,439
  4,794
  5,173
  5,577
  6,007
  6,464
  6,950
  7,467
  8,016
Interest expense (income), $m
  36
  36
  52
  69
  89
  112
  137
  165
  195
  228
  263
  301
  341
  384
  430
  478
  530
  585
  643
  704
  769
  837
  909
  985
  1,065
  1,150
  1,239
  1,333
  1,431
  1,535
  1,644
Earnings before tax, $m
  1,100
  1,021
  1,022
  1,035
  1,059
  1,093
  1,139
  1,195
  1,262
  1,340
  1,430
  1,531
  1,643
  1,768
  1,906
  2,057
  2,221
  2,400
  2,593
  2,802
  3,028
  3,270
  3,530
  3,809
  4,108
  4,427
  4,768
  5,132
  5,519
  5,932
  6,372
Tax expense, $m
  104
  276
  276
  279
  286
  295
  307
  323
  341
  362
  386
  413
  444
  477
  515
  555
  600
  648
  700
  757
  817
  883
  953
  1,028
  1,109
  1,195
  1,287
  1,386
  1,490
  1,602
  1,720
Net income, $m
  996
  746
  746
  756
  773
  798
  831
  872
  921
  979
  1,044
  1,117
  1,200
  1,291
  1,391
  1,501
  1,621
  1,752
  1,893
  2,046
  2,210
  2,387
  2,577
  2,781
  2,999
  3,232
  3,480
  3,746
  4,029
  4,330
  4,651

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  21,322
  21,767
  22,268
  22,840
  23,483
  24,195
  24,976
  25,827
  26,747
  27,739
  28,804
  29,943
  31,158
  32,452
  33,827
  35,286
  36,833
  38,469
  40,200
  42,029
  43,961
  45,998
  48,147
  50,412
  52,799
  55,313
  57,959
  60,745
  63,676
  66,760
  70,003
Adjusted assets (=assets-cash), $m
  21,322
  21,767
  22,268
  22,840
  23,483
  24,195
  24,976
  25,827
  26,747
  27,739
  28,804
  29,943
  31,158
  32,452
  33,827
  35,286
  36,833
  38,469
  40,200
  42,029
  43,961
  45,998
  48,147
  50,412
  52,799
  55,313
  57,959
  60,745
  63,676
  66,760
  70,003
Revenue / Adjusted assets
  0.000
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
  0.273
Average production assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total debt, $m
  633
  904
  1,215
  1,570
  1,969
  2,411
  2,896
  3,424
  3,996
  4,612
  5,273
  5,980
  6,735
  7,539
  8,393
  9,299
  10,259
  11,276
  12,350
  13,486
  14,686
  15,951
  17,285
  18,692
  20,174
  21,735
  23,379
  25,108
  26,929
  28,844
  30,858
Total liabilities, $m
  13,246
  13,518
  13,829
  14,184
  14,583
  15,025
  15,510
  16,038
  16,610
  17,226
  17,887
  18,594
  19,349
  20,153
  21,007
  21,913
  22,873
  23,890
  24,964
  26,100
  27,300
  28,565
  29,899
  31,306
  32,788
  34,349
  35,993
  37,722
  39,543
  41,458
  43,472
Total equity, $m
  8,075
  8,250
  8,440
  8,657
  8,900
  9,170
  9,466
  9,788
  10,137
  10,513
  10,917
  11,348
  11,809
  12,299
  12,820
  13,373
  13,960
  14,580
  15,236
  15,929
  16,661
  17,433
  18,248
  19,106
  20,011
  20,963
  21,966
  23,022
  24,133
  25,302
  26,531
Total liabilities and equity, $m
  21,321
  21,768
  22,269
  22,841
  23,483
  24,195
  24,976
  25,826
  26,747
  27,739
  28,804
  29,942
  31,158
  32,452
  33,827
  35,286
  36,833
  38,470
  40,200
  42,029
  43,961
  45,998
  48,147
  50,412
  52,799
  55,312
  57,959
  60,744
  63,676
  66,760
  70,003
Debt-to-equity ratio
  0.078
  0.110
  0.140
  0.180
  0.220
  0.260
  0.310
  0.350
  0.390
  0.440
  0.480
  0.530
  0.570
  0.610
  0.650
  0.700
  0.730
  0.770
  0.810
  0.850
  0.880
  0.910
  0.950
  0.980
  1.010
  1.040
  1.060
  1.090
  1.120
  1.140
  1.160
Adjusted equity ratio
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379
  0.379

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  996
  746
  746
  756
  773
  798
  831
  872
  921
  979
  1,044
  1,117
  1,200
  1,291
  1,391
  1,501
  1,621
  1,752
  1,893
  2,046
  2,210
  2,387
  2,577
  2,781
  2,999
  3,232
  3,480
  3,746
  4,029
  4,330
  4,651
Depreciation, amort., depletion, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Funds from operations, $m
  1,650
  746
  746
  756
  773
  798
  831
  872
  921
  979
  1,044
  1,117
  1,200
  1,291
  1,391
  1,501
  1,621
  1,752
  1,893
  2,046
  2,210
  2,387
  2,577
  2,781
  2,999
  3,232
  3,480
  3,746
  4,029
  4,330
  4,651
Change in working capital, $m
  277
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from operations, $m
  1,373
  746
  746
  756
  773
  798
  831
  872
  921
  979
  1,044
  1,117
  1,200
  1,291
  1,391
  1,501
  1,621
  1,752
  1,893
  2,046
  2,210
  2,387
  2,577
  2,781
  2,999
  3,232
  3,480
  3,746
  4,029
  4,330
  4,651
Maintenance CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
New CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from investing activities, $m
  -658
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Free cash flow, $m
  715
  746
  746
  756
  773
  798
  831
  872
  921
  979
  1,044
  1,117
  1,200
  1,291
  1,391
  1,501
  1,621
  1,752
  1,893
  2,046
  2,210
  2,387
  2,577
  2,781
  2,999
  3,232
  3,480
  3,746
  4,029
  4,330
  4,651
Issuance/(repayment) of debt, $m
  0
  271
  311
  355
  399
  442
  485
  528
  572
  616
  661
  707
  755
  804
  854
  906
  960
  1,016
  1,075
  1,136
  1,199
  1,265
  1,334
  1,407
  1,482
  1,561
  1,643
  1,730
  1,820
  1,915
  2,014
Issuance/(repurchase) of shares, $m
  -376
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -376
  271
  311
  355
  399
  442
  485
  528
  572
  616
  661
  707
  755
  804
  854
  906
  960
  1,016
  1,075
  1,136
  1,199
  1,265
  1,334
  1,407
  1,482
  1,561
  1,643
  1,730
  1,820
  1,915
  2,014
Total cash flow (excl. dividends), $m
  393
  1,016
  1,057
  1,111
  1,172
  1,240
  1,316
  1,401
  1,493
  1,595
  1,705
  1,825
  1,954
  2,094
  2,245
  2,408
  2,582
  2,768
  2,968
  3,182
  3,409
  3,652
  3,911
  4,187
  4,481
  4,793
  5,124
  5,476
  5,849
  6,246
  6,666
Retained Cash Flow (-), $m
  -466
  -175
  -190
  -217
  -244
  -270
  -296
  -322
  -349
  -376
  -403
  -432
  -461
  -490
  -521
  -553
  -586
  -620
  -656
  -693
  -732
  -772
  -814
  -858
  -905
  -953
  -1,003
  -1,056
  -1,111
  -1,169
  -1,229
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  841
  867
  894
  928
  970
  1,020
  1,078
  1,144
  1,219
  1,301
  1,393
  1,494
  1,604
  1,724
  1,855
  1,996
  2,148
  2,312
  2,488
  2,678
  2,880
  3,097
  3,329
  3,576
  3,840
  4,121
  4,420
  4,738
  5,077
  5,436
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  807
  794
  778
  764
  752
  741
  728
  715
  700
  682
  662
  637
  610
  579
  544
  507
  467
  426
  383
  340
  298
  257
  218
  182
  149
  120
  95
  73
  55
  41
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Company offers treaty and facultative reinsurance, and admitted and non-admitted insurance. Its products include the range of property and casualty reinsurance, and insurance coverage's, including marine, aviation, surety, errors and omissions liability (E&O), directors' and officers' liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers' compensation. Its subsidiaries include Everest Reinsurance (Bermuda), Ltd. (Bermuda Re) and Everest International Reinsurance, Ltd.

FINANCIAL RATIOS  of  Everest Re Group (RE)

Valuation Ratios
P/E Ratio 9.8
Price to Sales 1.7
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 7.1
Price to Free Cash Flow 7.1
Growth Rates
Sales Growth Rate -1.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 7.8%
Total Debt to Equity 7.8%
Interest Coverage 32
Management Effectiveness
Return On Assets 4.9%
Ret/ On Assets - 3 Yr. Avg. 5.3%
Return On Total Capital 11.8%
Ret/ On T. Cap. - 3 Yr. Avg. 13.1%
Return On Equity 12.7%
Return On Equity - 3 Yr. Avg. 14.1%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 19.5%
EBITDA Margin - 3 Yr. Avg. 22%
Operating Margin 19.5%
Oper. Margin - 3 Yr. Avg. 22%
Pre-Tax Margin 18.9%
Pre-Tax Margin - 3 Yr. Avg. 21.3%
Net Profit Margin 17.1%
Net Profit Margin - 3 Yr. Avg. 18%
Effective Tax Rate 9.5%
Eff/ Tax Rate - 3 Yr. Avg. 11.2%
Payout Ratio 19.6%

RE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RE stock intrinsic value calculation we used $5826 million for the last fiscal year's total revenue generated by Everest Re Group. The default revenue input number comes from 2016 income statement of Everest Re Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our RE stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for RE is calculated based on our internal credit rating of Everest Re Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Everest Re Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of RE stock the variable cost ratio is equal to 15.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $3850 million in the base year in the intrinsic value calculation for RE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.7% for Everest Re Group.

Corporate tax rate of 27% is the nominal tax rate for Everest Re Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the RE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for RE are equal to 0%.

Life of production assets of 10 years is the average useful life of capital assets used in Everest Re Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for RE is equal to 0%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $8075 million for Everest Re Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 41.5 million for Everest Re Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Everest Re Group at the current share price and the inputted number of shares is $9.9 billion.

RELATED COMPANIES Price Int.Val. Rating
RNR RenaissanceRe 138.21 222.46  str.buy
VR Validus Holdin 51.41 108.70  str.buy
AHL Aspen Insuranc 41.40 110.39  str.buy
TPRE Third Point Re 16.40 31.78  str.buy
GLRE Greenlight Cap 22.50 169.94  str.buy
ACGL Arch Capital G 98.92 391.03  str.buy

COMPANY NEWS

▶ HP and Everest Re jump while Centene and PG&E stumble   [Oct-13-17 04:34PM  Associated Press]
▶ What Wall Street expects from earnings season   [Oct-10-17 08:24AM  Yahoo Finance]
▶ As Irma Weakens, Wall Street and Global Markets Up   [Sep-11-17 04:49PM  GuruFocus.com]
▶ See Markets React to Hurricane Irma in 8 Charts   [11:10AM  The Wall Street Journal]
▶ Insurers: A Once-in-a-100-Year Loss?   [Sep-06-17 02:19PM  Barrons.com]
▶ The Biggest Loser: Everest Re Tumbles 6.9%   [Sep-05-17 04:50PM  Barrons.com]
▶ Everest Re Group Announces Dividend   [Aug-23-17 11:10AM  Business Wire]
▶ Everest Re Group Ltd. Publishes 2016 Global Loss Triangles   [Aug-16-17 01:21PM  Business Wire]
▶ Everest Re beats 2Q profit forecasts   [Jul-24-17 09:51PM  Associated Press]
▶ Seeking Value in Bermuda: Everest Re Group   [Jun-28-17 11:28AM  GuruFocus.com]
▶ 3 Top Reinsurance Stocks for 2017   [Jun-27-17 08:03AM  Motley Fool]
▶ Reinsurance Companies: What You Need to Know   [Jun-14-17 01:06PM  Motley Fool]
▶ Everest Re Group Announces Dividend   [May-17-17 03:31PM  Business Wire]
▶ Everest Insurance® Hires Keith Lavigne   [10:48AM  Business Wire]
▶ Everest Re beats 1Q profit forecasts   [Apr-24-17 05:12PM  Associated Press]
▶ Everest Insurance® Launches Life Sciences Practice   [Apr-07-17 11:40AM  Business Wire]
▶ E&P stocks to buy and sell: Analyst   [Mar-31-17 02:34PM  CNBC Videos]
Financial statements of RE
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.