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.