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Everest Re: 3Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Monday reported third-quarter earnings of $104.4 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $2.56. Earnings, adjusted for non-recurring costs, came to $3.39 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The reinsurance company posted revenue of $2.04 billion in the period. Its adjusted revenue was $2.06 billion.

Everest Re shares have risen 13% since the beginning of the year. In the final minutes of trading on Monday, shares hit $247, a climb of 20% 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