Everest Group reported Q3 net income of $233 million, or $6.12 per share, down from $255 million a year earlier, as the reinsurer strengthened casualty reserves with $268 million of unfavorable prior-year development. Net operating income was $290 million, or $7.62 per share. Core gross written premium fell 4.0% to $3.7 billion. Net investment income rose to $634 million. Book value per share was $381.04. The company repurchased $474 million of shares in the quarter.
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