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Everest Re Operating Earnings Fall On Flood Losses

Everest Re reported a slight drop in second-quarter operating earnings yesterday, with catastrophe losses of $70.4 million from storms and flooding in Australia and England contributing to the decline

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Everest Re reported a slight drop in second-quarter operating earnings yesterday, with catastrophe losses of $70.4 million from storms and flooding in Australia and England contributing to the decline.

Net operating earnings were $213.3 million, or $3.36 per share, compared with $218.7 million, or $3.35 per share, in last year’s second quarter.

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