Everest Re: 2Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Monday reported second-quarter earnings of $342.9 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $8.39. Earnings, adjusted for non-recurring gains, came to $7.85 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $6.66 per share.

The reinsurance company posted revenue of $2.02 billion in the period. Its adjusted revenue was $1.99 billion.

Everest Re shares have risen 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $256.81, a rise of 14% 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