Everest’s Q1 operating income falls as Covid-19 and cat bite bottom line

Everest Q1 earnings

Everest Re’s first quarter 2020 after-tax operating profit dipped by 41.8 percent year on year to $164.4mn after pre-announced Covid-19-related IBNR losses of $150mn and a further $30mn of catastrophe claims took their toll on its bottom line.

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