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EVEREST GROUP, LTD. — Earnings Release 2021
Jan 25, 2021
30425_rns_2021-01-25_f94677b2-33b8-45e5-b01c-3d5bb89c7ed0.zip
Earnings Release
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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) Bermuda1-1573198-0365432
(State or other jurisdiction(Commission(IRS Employer of incorporation)File Number)Identification No.) Seon Place – 4th Floor 141 Front Street PO Box HM 845 HamiltonHM 19,BermudaNot Applicable
(Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code441-295-0006
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: ClassTrading Symbol(s)Name of Exchange where registered
Common Shares, $0.01 par valueRENew 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
99.1News 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
NumberDescription of DocumentPage No.
99.1News Release of registrant, dated January 25, 20215