Everest Group: Q1 Earnings Snapshot

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Everest Group, Ltd. (EG) on Monday reported first-quarter net income of $733 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $16.87. Earnings, adjusted for investment gains, were $16.32 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $15.98 per share.

The reinsurance company posted revenue of $4.13 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $4.2 billion.


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

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