Everest Re Reports 3Q Net Up 176%

Everest Re Group, Ltd. (NYSE: RE) reported third quarter 2002 after-tax operating income, which excludes realized capital gains and losses, of $66.5 million, or $1.29 per diluted share, compared to a loss of $37.8 million, or $0.82 per diluted share, in the third quarter of 2001. Net income increased to $61.3 million, or $1.19 per diluted share compared to a loss of $43.8 million, or $0.95 per diluted share, in the third quarter of 2001, which included the impact of the September 11 losses. Both operating earnings and net income for 2002 were affected by a $12.5 million expense due to a mark...