HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Monday reported fourth-quarter earnings of $217.6 million.
The Hamilton, Bermuda-based company said it had net income of $5.32 per share. Earnings, adjusted for non-recurring gains, came to $3.20 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.
The reinsurance company posted revenue of $2.21 billion in the period. Its adjusted revenue was $2.14 billion.
For the year, the company reported profit of $1.01 billion, or $24.70 per share. Revenue was reported as $8.04 billion.
Everest Re shares have increased 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $285.54, a climb of 29% in the last 12 months.