Everest Group: Q3 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Everest Group, Ltd. (EG) on Wednesday reported third-quarter profit of $678 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $15.63. Earnings, adjusted for non-recurring gains, came to $14.14 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $10.18 per share.
The reinsurance company posted revenue of $3.99 billion in the period. Its adjusted revenue was $4.02 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $3.83 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 EG at https://www.zacks.com/ap/EG