Everest Re: Q1 Earnings Snapshot
By AP News
Published - May 01, 2023, 04:54 PM ET
Last Updated - Jun 22, 2023, 12:20 AM EDT
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Everest Re Group Ltd. (RE) on Monday reported first-quarter net income of $365 million.
The Hamilton, Bermuda-based company said it had net income of $9.31 per share. Earnings, adjusted for investment costs, came to $11.31 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $12.48 per share.
The reinsurance company posted revenue of $3.29 billion in the period. Its adjusted revenue was $3.28 billion.
