Everest Re posts big earnings beat

Everest Re handily topped Wall Street expectations with a
first-quarter operating profit of $6.29 a share, as its
underwriting margins held up and investment performance
strengthened significantly.
Analysts had looked for operating profit of $5.31 a share,
according to the consensus of 10 analysts compiled by
MarketWatch.com, modestly ahead of the $5.19 earnings delivered in
the year ago period.
Earnings were also boosted by 7.6 percent growth in net earned
premiums to $1.31bn, as Everest contin