Everest Re Group said yesterday that it plans to book a pretax fourth-quarter charge of $311 million to strengthen asbestos reserves, but that net income overall for full-year 2007 will come in about the same as 2006.

The Bermuda-based company said its bottom line net income for 2007–including the after-tax effect of the asbestos charge and net realized capital losses–should come in between $831 million and $851 million, or $13.06 and $13.37 per share.

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