Everest Re Group (RE) will raise its quarterly dividend by 6.5 percent to $1.65 per share in 2022. This is the first dividend hike by the reinsurer since 2019 when a 10.7 percent increase to $1.55 per share was announced. 

The increased RE dividend will be payable on or before June 17, 2022 to all shareholders of record as of May 25, 2022. A new annualized dividend rate of $6.60 per share yields 2.4% at a stock price of $275. We have calculated that Everest Re now pays an estimated $260 million in dividends to shareholders annually based on this new dividend hike just announced Today.

Everest Re Group, Ltd., through its subsidiaries, is provider of reinsurance and insurance in the United States, Bermuda and international markets. The company offers property, casualty, and specialty products through its various operating affiliates.  The Company offers treaty and facultative reinsurance and admitted and non-admitted insurance. The company’s products include the full range of property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors’ and officers’ liability, medical malpractice, other specialty lines, accident and health and workers’ compensation. Everest Re Group is domiciled in Bermuda. Its subsidiaries include Everest Reinsurance (Bermuda), Ltd. (Bermuda Re) and Everest International Reinsurance, Ltd.