Everest Re Group Profit Falls, Yet Tops Street - Quick Facts

(RTTNews) - Insurance company Everest Re Group Ltd (RE) Wednesday reported first-quarter net earnings of $293.9 million or $6.21 per share, compared with $384 million or $7.50 per share last year.

Excluding items, operating earnings for the quarter were $281 million or $5.93 per share, compared with $301 million or $5.88 per share a year ago.

On average, 11 analysts polled by Thomson Reuters estimated earnings of $5.33 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter were $1.28 billion compared with $1.37 billion in the prior year.

Premiums earned for the quarter were higher at $1.14 billion, compared with $1.09 billion last year.

Analysts estimated revenues of $1.24 billion for the quarter.

Total claims and expenses for the quarter climbed to $928.6 million from $897.8 million a year ago.

Combined ratio for the quarter was 80%, compared with 80.7% last year.