Everest Re Group (NYSE:RE) 4Q16 Profit Up 8%; Beats Street View

Everest Re Group (NYSE:RE) 4Q16 Profit Up 8%; Beats Street View

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Everest Re Group (NYSE:RE) reported fourth quarter earnings after market close today, that beat street view.

On a GAAP basis, RE reported net income of $ 373.57 million or $ 9.08 per share, compared with income of $ 357.28 million or $ 8.26 per share, a year ago period.

Excluding special items, the company announced operating income of $ 363.39 million or $ 8.83 per share.

Headquartered in Hamilton, Bermuda, RE recorded Total Revenue that rose 6% to $ 1.61 billion from $ 1.52 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected Everest Re Group to earn $ 3.56 per share on revenue of $ 1.31 billion for the fourth quarter.

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