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Everest Re Q1 Net Income Climbs 26%

Everest Re reports first-quarter net income was up 26 percent on the strength of no catastrophe losses and improved pricing during the first quarter of this year.

By Mark E. Ruquet | Updated on April 24, 2013

Everest Re reports first-quarter net income was up 26 percent on the strength of no catastrophe losses and improved pricing during the first quarter of this year.

The Hamilton, Bermuda-based insurer and reinsurer says net income climbed $80 million over the same period last year to $384 million. Total revenues were up 9 percent to $1.4 billion. The improving rate environment along with no catastrophe losses improved the combined ratio by 8.3 points to 80.7.

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