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Everest Re’s loss widens by 337%

Posted On: Oct. 27, 2022 9:39 AM CST

Financial results

Bermuda-based reinsurer Everest Re Group Ltd.’s recorded a $319 million loss in the third quarter of the year, down significantly from a loss of $71 million in the same period in 2021, Nasdaq reported citing RTT News. The reinsurer’s revenue increased almost 5% to approximately $3 billion.