Everest Re 4Q sees equity top $5bn
Bermudian (re)insurer Everest reported a 92.9% combined ratio in the fourth quarter 2006 to produce after-tax operating income, excluding realized capital gains and losses, of $201.2m compared to an after-tax operating loss of $185.8m in the Wilma-affected fourth quarter of 2005.
The 2006 annual results produced an annualised return on average shareholders' equity of 18.7% and shareholders' equity reached $5.11bn, Everest said net income for the full year 2006 was $840.8m in
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