HAMILTON, Bermuda--(BUSINESS WIRE)--Nov. 20, 2013--
Everest Re Group, Ltd. (NYSE:RE) announced today that its Board of
Directors approved a 56% increase to its regular quarterly dividend to
$0.75 per share. This dividend will be payable on or before December 18,
2013 to all shareholders of record as of December 4, 2013.
Mr. Joseph V. Taranto, Chairman and Chief Executive Officer, said “The
significant dividend increase demonstrates the Board’s confidence in
Everest’s ability to continue to generate strong operating returns and
excellent cash flows. We are pleased that these results enable us to
continue building long-term value through our strong balance sheet while
also funding an enhanced dividend return to our shareholders.”
Everest 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 (Bermuda), Ltd., including
through its branch in the United Kingdom, provides reinsurance and
insurance to worldwide property and casualty markets and reinsurance to
life insurers. Everest Reinsurance Company (Ireland), Limited provides
reinsurance to non-life insurers in Europe. Mt. Logan Re, a segregated
cell company, capitalized by the Company and third party investors, is a
specialty reinsurer of catastrophe risks. Everest National Insurance
Company and Everest Security Insurance Company provide property and
casualty insurance to policyholders in the U.S. Everest Indemnity
Insurance Company offers excess and surplus lines insurance in the U.S.
Everest Insurance Company of Canada provides property and casualty
insurance to policyholders in Canada. Additional information on Everest
Re Group companies can be found at the Group’s web site at www.everestregroup.com.
Source: Everest Re Group, Ltd.
Everest Global Services, Inc.
Elizabeth B. Farrell, 908-604-3169
Vice
President, Investor Relations