Everest Re Group, Ltd. Q1 adjusted earnings Beat Estimates

(RTTNews) - Everest Re Group, Ltd. (RE) announced earnings for its first quarter that advanced from the same period last year.

The company's bottom line totaled $341.86 million, or $8.52 per share. This compares with $16.61 million, or $0.41 per share, in last year's first quarter.

Excluding items, Everest Re Group, Ltd. reported adjusted earnings of $260.2 million or $6.49 per share for the period.

Analysts had expected the company to earn $4.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 38.4% to $2.74 billion from $1.98 billion last year.

Everest Re Group, Ltd. earnings at a glance:

-Earnings (Q1): $260.2 Mln. vs. $164.4 Mln. last year. -EPS (Q1): $6.49 vs. $4.03 last year. -Analysts Estimate: $4.61 -Revenue (Q1): $2.74 Bln vs. $1.98 Bln last year.