Everest Re Group Announces Dividend; Increases Share Repurchase Authorization by 5M Shares

Everest Re Group, Ltd. RE announced today that its Board of Directors declared a dividend of $0.48 per share payable on or before March 21, 2012 to all shareholders of record as of March 7, 2012. In addition, the Company's Board of Directors increased the share repurchase authorization by an additional 5 million shares.