Everest Group, Ltd 8-K, filed Oct 14, 2021
Everest Group, Ltd. (EG)
8-K
2021-10-14
For: 2021-10-14
View Original
Added on
April 08, 2026
About this 8-K
Everest Group, Ltd filed this 8-K on October 14, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
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☐
ITEM 7.01
REGULATION FD DISCLOSURE
On October 14, 2021, the registrant issued a news release announcing preliminary catastrophe loss information for
third quarter 2021. For the third quarter of 2021, the registrant announced preliminary pre-tax catastrophe losses of
$635 million, net of reinsurance recoveries and reinstatement premiums, related to Hurricane Ida and European
Floods.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(c)
Exhibits
Exhibit No.
Description
99.1
News Release of the registrant,
dated October 14, 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/ ROBERT FREILING
Robert Freiling
Senior Vice President and
Chief Accounting Officer
Dated: October 14, 2021
EXHIBIT INDEX
Exhibit
Number
Description of Document
Page No.
5
104
Cover Page Interactive Data File (embedded within
the Inline XBRL document)
1
NEWS RELEASE
EVEREST RE GROUP, LTD.
Seon Place, 141 Front Street, 4
th
Contacts
Media: Dawn Lauer Investors: Jon Levenson
Chief Communications Officer Head of Investor Relations
Everest Global Services, Inc. Everest Global Services, Inc.
908.300.7670 908.604.3169
Everest Announces Estimated Third Quarter 2021 Catastrophe Losses
HAMILTON, Bermuda -- (BUSINESS WIRE) – October 14, 2021 – Everest Re Group, Ltd. (“Everest” or
the “Company”) (NYSE:RE) announced today preliminary third quarter 2021 catastrophe losses in advance of
its full quarterly earnings to be released on October 27, 2021.
Everest is estimating total pre-tax net catastrophe losses of $635 million for the third quarter 2021 as
detailed in the table below.
●
All amounts are net of recoveries and reinstatement premiums
●
For Hurricane Ida, Everest is estimating insured industry losses of approximately $28-$30 billion
●
For the July European floods, Everest is estimating insured industry losses of approximately $12
billion
Amounts in USD (millions)
Reinsurance
Segment
Insurance
Segment
Event Totals
Hurricane Ida
335
80
415
European Floods
220
0
220
Segment Totals
555
80
635
2
“The widespread impact of natural catastrophes in the third quarter has affected communities
around the world,” said Juan C. Andrade, President and CEO of Everest Re Group. “Our
thoughts are with all of those affected, and we stand ready to help our customers and
communities as they rebuild, recover and emerge even stronger.”
About Everest Re Group, Ltd.
Everest Re Group, Ltd. is a leading global provider of reinsurance and insurance, operating for
close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda, and
other territories.
Everest offers property, casualty, and specialty products through its various operating affiliates
located in key markets around the world.
Everest common stock (NYSE:RE) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website
at
. All issuing companies may not do business in all jurisdictions.
This news release contains forward-looking statements within the meaning of the U.S. federal
securities laws. We intend these forward-looking statements to be covered by the safe harbor
provisions for forward -looking statements in the U.S. Federal securities laws. These statements
involve risks and uncertainties that could cause actual results to differ materially from those
contained in forward-looking statements made on behalf of the Company,
including the expected
closing and use of proceeds from the debt offering. These risks and uncertainties include the
impact of general economic conditions and conditions affecting the insurance and reinsurance
industry, the adequacy of our reserves, our ability to assess underwriting risk, trends in rates for
property and casualty insurance and reinsurance, competition, investment market and
investment income fluctuations, trends in insured and paid losses, catastrophes, pandemic losses,
regulatory and legal uncertainties and other factors described in our latest Annual Report on
Form 10-K. Everest undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.