Company profile: Everest Re

Larger investment gains helped Everest Re Group record an 18% increase in pre-tax profit last year, up to US$232mn from $197mn in 1999. Net investment income was up by 19% to $301mn while the company also reported realised capital gains of $807,000, against the previous year’s loss of $17mn. The underwriting loss deteriorated only slightly to $34.5mn from $34.3mn.