Everest Re: 1Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Wednesday reported first-quarter profit of $16.6 million.

The Hamilton, Bermuda-based company said it had net income of 41 cents per share. Earnings, adjusted for non-recurring costs, were $4.03 per share.

The reinsurance company posted revenue of $1.98 billion in the period. Its adjusted revenue was $2.21 billion.

Everest Re shares have fallen 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $164.47, a fall of 31% in the last 12 months.

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