RE - Everest expects Q3 significant net income and positive net operating income

Everest Re (RE) expects Q3 pre-tax net catastrophe losses of $300M, net of reinsurance and reinstatement premiums.The estimate includes the impact of Hurricanes Laura, Isaias and Sally, wildfires in California and Oregon, and other events including the Midwest United States Derecho windstorm. "Despite the industry catastrophe losses during the quarter, Everest expects to report significant net income and positive net operating income for the third quarter of 2020, a reflection of the strength and diversification of our business,” Juan C. Andrade, CEO commented. Source: Press Release

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Everest expects Q3 significant net income and positive net operating income