Everest Re Group Reports First Quarter 2020 Results

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Go back to Everest Re Group Reports First Quarter 2020 Results

Everest Re (RE) Tops Q1 EPS by 42c, Revenues Beat

May 6, 2020 6:24 PM EDT

Everest Re (NYSE: RE) reported Q1 EPS of $4.03, $0.42 better than the analyst estimate of $3.61. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.97 billion.

Net income was $16.6 million, or $0.41 per diluted common share, compared to net income of $354.6 million, or $8.67 per diluted common share, for the three months ended March 31, 2019.After-tax operating income¹ for the quarter was $164.4 million, or $4.03 per diluted common share, compared to after-tax operating income¹ of $282.4 million, or $6.91 per diluted common share, for the same period in 2019.

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