EVEREST GROUP LTD
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
EG$422.32+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (In millions of U.S. dollars, except par value per share) | 2023 | 2022 |
| ASSETS: | ||
| Fixed maturities - available for sale, at fair value | $27,740 | $22,236 |
| (amortized cost: 2023, $28,568; 2022, $24,191, credit allowances: 2023, $(48); 2022, $(54)) | ||
| Fixed maturities - held to maturity, at amortized cost | ||
| (fair value: 2023, $854; 2022, $821, net of credit allowances: 2023, $(8); 2022, $(9)) | 855 | 839 |
| Equity securities, at fair value | 188 | 281 |
| Other invested assets | 4,794 | 4,085 |
| Short-term investments | 2,127 | 1,032 |
| Cash | 1,437 | 1,398 |
| Total investments and cash | 37,142 | 29,872 |
| Accrued investment income | 324 | 217 |
| Premiums receivable (net of credit allowances: 2023, $(41); 2022, $(29)) | 4,768 | 3,619 |
| Reinsurance paid loss recoverables (net of credit allowances: 2023, $(26); 2022, $(23)) | 164 | 136 |
| Reinsurance unpaid loss recoverables | 2,098 | 2,105 |
| Funds held by reinsureds | 1,135 | 1,056 |
| Deferred acquisition costs | 1,247 | 962 |
| Prepaid reinsurance premiums | 713 | 610 |
| Income tax asset, net | 868 | 459 |
| Other assets (net of credit allowances: 2023, $(9); 2022, $(5)) | 941 | 930 |
| TOTAL ASSETS | $49,399 | $39,966 |
| LIABILITIES: | ||
| Reserve for losses and loss adjustment expenses | $24,604 | $22,065 |
| Unearned premium reserve | 6,622 | 5,147 |
| Funds held under reinsurance treaties | 24 | 13 |
| Amounts due to reinsurers | 650 | 567 |
| Losses in course of payment | 171 | 74 |
| Senior notes | 2,349 | 2,347 |
| Long-term notes | 218 | 218 |
| Borrowings from FHLB | 819 | 519 |
| Accrued interest on debt and borrowings | 22 | 19 |
| Unsettled securities payable | 137 | 1 |
| Other liabilities | 582 | 555 |
| TOTAL LIABILITIES | 36,197 | 31,525 |
| Commitments and contingencies (Note 11) | ||
| SHAREHOLDERS' EQUITY: | ||
| Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding | — | — |
| outstanding before treasury shares | 1 | 1 |
| Additional paid-in capital | 3,773 | 2,302 |
| Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) | ||
| of $(99) at 2023 and $(250) at 2022 | (934) | (1,996) |
| Treasury shares, at cost: 30.8 shares (2023) and 30.8 shares (2022) | (3,908) | (3,908) |
| Retained earnings | 14,270 | 12,042 |
| Total shareholders' equity | 13,202 | 8,441 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $49,399 | $39,966 |
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