Everest Re Group Ltd. (RE) reported third-quarter net income of $228.618 million compared to a loss of $233.127 million last year. Comprehensive net income was $605.066 million compared to a loss of $481.791 million last year. Earnings per share was $3.75 compared to a loss of $3.79 per share a year ago.
After-tax operating income, excluding realized capital gains and losses, was $209.4 million or $3.43 per share compared to after-tax operating income of $12.6 million or $0.20 per share last year.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $3.37 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues increased to $1.16 billion from $809.67 million last year. Analysts expected revenue of $1.01 billion for the quarter.
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