Everest Re: Q1 Earnings Snapshot
HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Wednesday reported first-quarter earnings of $297.8 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $7.56. Earnings, adjusted for one-time gains and costs, came to $10.31 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $8.32 per share.
The reinsurance company posted revenue of $2.9 billion in the period. Its adjusted revenue was $3.05 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RE at https://www.zacks.com/ap/RE