With no major catastrophe events hurting results this year, Bermuda-based Everest Re reported third-quarter net income of $245.7 million, reversing 2005′s loss for the period, and nine-month results in the black as well.
Third-quarter 2006 net was at $3.76 per share, compared with a net loss of $7.41 per share or $417.7 million, in last year's third quarter, making it the "best-ever" third-quarter result, according to Chief Financial Officer Steve Limauro.
A similar recovery for the full nine-month period resulted in another best-ever income figure of $634.5 million, $9.71 per share, and a year-to-date combined ratio of 88.6.
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