HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Wednesday reported second-quarter net income of $190.9 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $4.77. Earnings, adjusted for non-recurring gains, were $2.07 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.

The reinsurance company posted revenue of $2.24 billion in the period. Its adjusted revenue was $2.05 billion.

Everest Re shares have decreased 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $219.12, a decline of slightly more than 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RE at https://www.zacks.com/ap/RE

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