HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Monday reported first-quarter earnings of $291.6 million.
The Hamilton, Bermuda-based company said it had profit of $7.07 per share. Earnings, adjusted for investment gains, came to $6.29 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.36 per share.
The reinsurance company posted revenue of $1.48 billion in the period. Its adjusted revenue was $1.43 billion.
Everest Re shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $239.38, a climb of 24 percent in the last 12 months.
MetLife Asks Court To Put Hold On ‘Too Big To Fail’ Case
Insight Report: Specialty Insurance – Market Analysis, Shares, Size, Key Trends and Opportunities in the Market
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News