30-10-2017 22:39 via insuranceinsider.com

Cats send Everest to $668mn Q3 operating loss

Preannounced cat losses of $1.2bn for Harvey, Irma, Maria and
the Mexico City quake contributed to a third quarter operating loss
of $667.6mn at Everest Re.
The after-tax impact of $897.7mn, or $22.09 a share, was the key
driver of the $16.43 a share operating loss for the period that was
marginally worse than the $15.99 forecast from a consensus of 10
analysts polled by MarketWatch.
Although the burden of cat losses was less than some analysts
had feared ahead...
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