HAMILTON, Bermuda (AP) _ Everest Re Group Ltd. (RE) on Wednesday reported second-quarter profit of $123 million.

The Hamilton, Bermuda-based company said it had profit of $3.11 per share. Earnings, adjusted for non-recurring costs, came to $9.79 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $9.07 per share.

The reinsurance company posted revenue of $2.83 billion in the period. Its adjusted revenue was $3.07 billion, which missed Street forecasts. Three analysts surveyed by Zacks expected $3.16 billion.

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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