FALSE 0001095073 0001095073 2021-01-25 2021-01-25
 
 
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM
8-K
 
Current Report Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
January 25, 2021
 
 
Everest Re Group, Ltd.
 
(Exact name of registrant as specified in its charter)
 
Bermuda
1-15731
98-0365432
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
Seon Place – 4th Floor
141 Front Street
PO Box HM 845
Hamilton
HM 19
,
Bermuda
Not Applicable
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code
441
-
295-0006
 
Not Applicable
 
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
 
☐
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
 
Class
Trading Symbol(s)
Name of Exchange where registered
Common Shares, $0.01 par value
RE
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
☐
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 12(a) of the Exchange Act.
 
☐
 
 
 
 
ITEM 7.01
REGULATION FD DISCLOSURE
 
On January 25, 2021, the registrant issued a news release announcing preliminary financial information for both full
year 2020 and fourth
 
quarter 2020.
 
For the full year
 
2020, the registrant announced
 
an estimated range of
 
net income
between
 
$475
 
million
 
and
 
$525
 
million
 
and
 
an
 
estimated
 
range
 
of
 
net
 
operating
 
income
 
between
 
$275
 
million
 
and
$325 million.
 
For the
 
fourth quarter
 
of 2020,
 
the registrant
 
announced preliminary
 
pre-tax catastrophe
 
losses of
 
$70
million,
 
net
 
of
 
reinsurance
 
recoveries
 
and
 
reinstatement
 
premiums
 
which
 
includes
 
the
 
impact
 
of
 
Hurricanes
 
Delta,
Zeta,
 
Eta
 
and
 
Iota
 
as
 
well
 
as
 
the
 
Queensland
 
Australia
 
hailstorm;
 
preliminary
 
pre-tax
 
COVID-19
 
losses
 
of
 
$76
million, net of reinsurance recoveries; and strengthening of prior year loss reserves by $400 million pre-tax.
 
 
 
 
ITEM 9.01
FINANCIAL STATEMENTS
 
AND EXHIBITS
 
(c)
Exhibits
Exhibit No.
Description
99.1
News Release of the registrant,
dated January 25, 2021
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
 
 
EVEREST RE GROUP,
 
LTD.
By:
 
/S/ KEITH SHOEMAKER
Keith Shoemaker
Senior Vice President and Comptroller
 
Dated:
 
January 25, 2021
 
 
 
EXHIBIT INDEX
 
 
 
Exhibit
Number
Description of Document
Page No.
5