Everest Re Group Increases Quarterly Dividend by 21%
November 19 2015 - 10:03AM
Business Wire
Everest Re Group, Ltd. (NYSE:RE) today announced that its Board
of Directors approved a 21% increase to its regular quarterly
dividend from $0.95 to $1.15 per common share. This dividend will
be payable on or before December 16, 2015 to all shareholders of
record as of December 2, 2015.
Mr. Dominic J. Addesso, President and Chief Executive Officer,
said “The Board remains committed to delivering continued growth in
shareholder value as demonstrated by this meaningful increase to
the dividend. It is also reflective of the Board’s confidence in
Everest’s ability to continue to generate strong operating earnings
through the cycle.”
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151119005924/en/
Elizabeth B. FarrellVice President, Investor RelationsEverest
Global Services, Inc.908.604.3169
Everest Re (NYSE:RE)
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