Everest Re Group, Ltd. (RE) Q3 2022 Earnings Conference Call October 26, 2022 8:00 AM ET
Company Participants
Matthew Rohrmann - SVP, Head of IR
Juan Andrade - President, CEO and Director
Mark Kociancic - Executive VP and Group CFO
James Williamson - Executive VP, Group COO and Head of Everest Reinsurance Division
Michael Karmilowicz - Executive VP and President and CEO of the Insurance Division
Conference Call Participants
Michael Phillips - Morgan Stanley
Elyse Greenspan - Wells Fargo
Brian Meredith - UBS
Josh Shanker - Bank of America Merrill Lynch
Michael Zelensky - BMO
Meyer Shields - KBW
Yaron Kinar - Jefferies
Ryan Tunis - Autonomous Research
Operator
Welcome to the Everest Re Group Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note this event is being recorded.
I would now like to turn the conference over to Mr. Matt Rohrmann, Senior Vice President, Head of Finance and Investor Relations. Please go ahead, sir.
Matthew Rohrmann
Good morning, everyone, and welcome to the Everest Re Group Limited third quarter 2022 earnings conference call.
The Everest executives leading today's call are Juan Andrade, President and CEO; and Mark Kociancic, Executive Vice President and CFO. We are also joined by other members of the Everest management team.
Before we begin, I will preface the comments on today's call by noting that Everest's SEC filings, including extensive disclosures with respect to forward-looking statements, management comments regarding estimates, projections and similar are subject to the risks, uncertainties and assumptions as noted in these filings.
Management may also refer to certain non-GAAP financial measures. These items are reconciled in our earnings release and financial supplement.
With that, I'll turn the call over to Juan.
Juan Andrade
Thank you, Matt, and good morning, everyone. Thank you for joining us today.
The current heightened and complex risk environment underscores the value of Everest's balance sheet and our commitment to support our customers with solutions vital to navigating this turbulent period. Everest's diversification strategy and underwriting discipline mitigated our exposure to one of the largest hurricane losses in U.S. history.
With our well-defined strategy, we are poised to take advantage of the hardening market, focused on segments with the best risk-adjusted returns. Both underwriting businesses delivered sub-90 attritional combined ratios, and we are profitable on a year-to-date basis. Led by top talent, we continued to grow and diversify globally by business and product line. We are focused on executing our strategic plan as we build the company for the long term.