Everest Re Q1 Profit Up 32.5%
NU Online News Service, April 20, 10:10 a.m. EDT?Bermuda-based reinsurer Everest Re Group Ltd. reported a 32.5 percent increase in its quarterly income, but some analysts expressed concerns yesterday over the reinsurer's diminished written premium figures.[@@]
The company posted $167.1 million for its 2005 first-quarter profit, up from $126.1 million one year ago, boosted by favorable capital gains and higher investment income.
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