re-20201029
FALSE 0001095073 0001095073 2020-10-29 2020-10-29
 
 
 
 
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)
October 29, 2020
 
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))
 
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 2.02
DISCLOSURE OF RESULTS
 
OF OPERATIONS
 
AND FINANCIAL CONDITION
 
On October 29,
 
2020, the registrant
 
issued a news
 
release announcing
 
its third quarter
 
2020 results.
 
A copy of
 
that
news release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
 
 
The news release
 
furnished herewith
 
contains information
 
regarding the
 
registrant’s operating
 
income (loss).
 
Operating income (loss) differs from
 
net income (loss) attributable to Everest
 
Re Group, the most directly comparable
generally accepted
 
accounting principle
 
financial measure,
 
by the
 
exclusion of
 
realized capital
 
gains (losses)
 
on
investments and net
 
foreign exchange income
 
(expense). Management believes
 
that presentation of
 
operating income
(loss) provides
 
useful information
 
to investors
 
because it
 
more accurately
 
measures and
 
predicts the
 
registrant’s
results of
 
operations by
 
removing the
 
variability arising
 
from both
 
the management
 
of the
 
registrant’s investment
portfolio and the fluctuations
 
of foreign currency exchange
 
rates. In addition, management, analysts
 
and investors use
operating income (loss) to evaluate the financial performance of the registrant and the insurance industry in general.
 
 
In accordance with general instruction B.2
 
of Form 8-K, the information in this
 
report, including exhibits, is furnished
pursuant to Item 2.02 and shall not be deemed “filed” for the purposes of Section 18 of the
 
Securities Exchange Act of
1934, or otherwise subject to the liability of that section.
 
 
 
ITEM 9.01
FINANCIAL STATEMENTS
 
AND EXHIBITS
(c)
Exhibits
Exhibit No.
Description
99.1
News Release of the registrant,
dated October 29, 2020
 
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:
 
October 29, 2020
 
 
 
EXHIBIT INDEX
 
 
 
Exhibit
Number
Description of Document
Page No.
5