Everest Re (RE) Tops Q1 EPS by 100c

Everest Re (NYSE: RE) reported Q1 EPS of $6.91, $1.00 better than the analyst estimate of $5.91.

Commenting on the Company’s results, President and Chief Executive Officer Dominic J. Addesso said: “During the first quarter of 2019 Everest produced very strong financial results while continuing to expand our market profile with growth in both our reinsurance and insurance businesses. The Company delivered $8.54 of net income per diluted common share, equal to a 17% annualized return on equity, driven by both solid underwriting and investment returns. Our underwriting operations are strategically balanced between reinsurance and insurance, allowing us to quickly respond to market conditions across virtually all classes of business and territories in building the optimal portfolio of risks.”

For earnings history and earnings-related data on Everest Re (RE) click here.

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