Everest Re Reports 1Q Jump of 58%, Expects More

Everest Re Group, Ltd. (NYSE:RE) reported first quarter 2003 after-tax operating income of $104.1 million, or $2.02 per diluted share, a 58% increase compared to $66.1 million, or $1.35 per diluted share in the first quarter of 2002. Operating income differs from net income only by the exclusion of realized gains and losses on investments. Net income was $94.4 million, or $1.83 per diluted share, a 55% increase compared to $61.1 million, or $1.24 per diluted share, in the first quarter of 2002. Gross premiums written for the first quarter were $1.002 billion in 2003, a 68% increase compared ...