Everest Re (RE) Misses Q2 EPS by 64c
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Everest Re Group Reports Second Quarter 2015 Results; 15% Annualized Operating ROE
July 27, 2015 4:05 PM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (NYSE: RE) today reported second quarter 2015 net income of $209.1 million, or $4.68 per diluted common share, compared to net income of $290.2 million, or $6.26 per diluted common share, for the second quarter of 2014. After-tax operating income1, excluding realized capital gains and losses, was $224.5 million, or $5.03 per diluted common share, for the second quarter of 2015, compared to after-tax operating income1 of $250.8 million, or $5.41 per diluted common share, for the same period last year.
For the six months ended June 30, 2015, net income was $532.0 million, or $11.88 per diluted common share, compared... More
Everest Appoints Michael Karmilowicz to Lead Everest Specialty Underwriters
July 27, 2015 10:44 AM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (NYSE: RE) announced today that Michael Karmilowicz joins the Company to lead Everest Specialty Underwriters (ESU), the management and professional liability unit of its U.S. Insurance Operations.
Mr. Karmilowicz joins Everest from Zurich North America, where he served as Executive Vice President and Head of their Management Solutions Group, responsible for a significant portfolio of management and professional liability lines of business. Prior to joining Zurich in 2009, Mr. Karmilowicz had been a Vice President with Hartford Financial Products (HFP), managing several of its professional liability... More
