HAMILTON, Bermuda (AP) 鈥� HAMILTON, Bermuda (AP) 鈥� Everest Group, Ltd. (EG) on Wednesday reported first-quarter profit of $653 million.
The Hamilton, Bermuda-based company said it had net income of $16.21 per share. Earnings, adjusted for non-recurring gains, came to $16.08 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $14.03 per share.
The reinsurance company posted revenue of $4.07 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $4.41 billion.
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