Everest Re Group reported net income of $293.9 million, or $6.21 per diluted common share, for the first quarter of 2014. That was compared to net income of $384.3 million, or $7.50 per diluted common share, for the first quarter of 2013. Excluding realized capital gains and losses, after-tax operating income was $281.0 million, or $5.93 per diluted common share, for the first quarter 2014, compared to after-tax operating income of $301.1 million, or $5.88 per diluted common share, for the same period last year. President and CEO Dominic J. Addesso said: “Everest had another excellent quarter producing $281 million of after-tax operating income and a net income return on equity of 17%, driven by strong underwriting results with a combined ratio of 80.0%. ”
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