FALSE 0001095073 0001095073 2022-02-09 2022-02-09
 
 
 
 
 
 
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)
February 9, 2022
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 2.02
DISCLOSURE OF RESULTS
 
OF OPERATIONS
 
AND FINANCIAL CONDITION
 
On February
 
9, 2022,
 
the registrant
 
issued a
 
news release
 
announcing its
 
fourth quarter
 
2021 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 February 9, 2022
 
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/ ROBERT J. FREILING
Robert J. Freiling
Senior Vice President and
 
Chief Accounting Officer
Dated:
 
February 9, 2022
 
 
 
EXHIBIT INDEX
Exhibit
Number
Description of Document
Page No.
5
104
Cover Page Interactive Data File (embedded
within the Inline XBRL document