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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.

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