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Everest Group: Q4 Earnings Snapshot

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Everest Group, Ltd. (EG) on Wednesday reported fourth-quarter profit of $446 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $10.77. Earnings, adjusted for non-recurring costs, were $13.26 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $13.36 per share.

The reinsurance company posted revenue of $4.42 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $4.31 billion.

For the year, the company reported profit of $1.59 billion, or $37.80 per share. Revenue was reported as $17.5 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EG at https://www.zacks.com/ap/EG

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