Everest Re Group says second-quarter net income increased about 28.4 percent to $275.6 million on a rise in premiums.
The Hamilton, Bermuda-based insurers says second-quarter gross written premiums were up 39 percent, compared to the same period a year ago, to $1.26 billion—primarily driven by a large Florida quota share reinsurance contract.
Without this contract, second-quarter gross written premiums were up 11%, as reinsurance premiums were up about 7 percent worldwide, reflecting new business growth, says Everest Re.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
