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.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RE at https://www.zacks.com/ap/RE
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