Current Report Filing (8-k)
April 24 2020 - 10:13AM
Edgar (US Regulatory)
FALSE0001095073
0001095073
2020-04-23
2020-04-23
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)
April 23, 2020
Everest Re Group, Ltd.
(Exact name of registrant as specified in its charter)
Bermuda
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1-15731
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98-0365432
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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Seon Place – 4th Floor
141 Front Street
PO Box HM 845
HamiltonHM 19, Bermuda
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Not Applicable
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(Address of principal executive offices)
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(Zip Code)
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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
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Trading Symbol(s)
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Name of Exchange where registered
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Common Shares, $0.01 par value
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RE
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New York Stock Exchange
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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
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REGULATION FD DISCLOSURE
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On April 23, 2020, the registrant issued a news release announcing the estimated impact from the Covid-19 pandemic (“Pandemic”) on its first quarter 2020 results. For the first quarter of 2020, Everest expects to report a combined ratio below 100% for consolidated reinsurance and insurance operations, including an estimate of $150 million in pre-tax net first party losses for expected claims related to the Pandemic, and net investment income of $148 million. A copy of that news release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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(c)
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Exhibits
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Exhibit No.
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Description
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99.1
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News Release of the registrant,
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dated April 23, 2020
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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.
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EVEREST RE GROUP, LTD.
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By:
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/S/ CRAIG HOWIE
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Craig Howie
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Executive Vice President and
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Chief Financial Officer
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Dated: April 24, 2020
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