Everest Re: Q1 Earnings Snapshot

HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Wednesday reported first-quarter earnings of $341.9 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $8.52. Earnings, adjusted for non-recurring gains, were $6.49 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.59 per share.

The reinsurance company posted revenue of $2.74 billion in the period. Its adjusted revenue was $2.7 billion.

Everest Re shares have climbed 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $266.12, a climb of 48% 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