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): July 21, 2003
Everest Re Group, Ltd.
--------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
--------------------------------------------------------------------------------
Bermuda 1-15731 Not Applicable
------------------------------ --------------------- -------------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
c/o ABG Financial & Management Services, Inc.
Parker House, Wildey Road
St. Michael, Barbados Not Applicable
--------------------------------------------- --------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 246-228-7398
Not Applicable
--------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
--------
Exhibit No. Description
----------- -----------
99.1 News Release of the registrant,
dated July 21, 2003
Item 9. REGULATION FD DISCLOSURE
See Item 12. Results of Operations and Financial Condition.
Item 12. DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On July 21, 2003, the registrant issued a news release announcing its
second quarter 2003 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. Operating income differs from net income,
the most directly comparable generally accepted accounting principle
financial measure, only by the exclusion of realized gains and losses on
investments. Management believes that presentation of operating income
provides useful information to investors because it more accurately
measures and predicts the registrant's results of operations by removing
the variability arising from the management of the registrant's investment
portfolio. In addition, management, analysts and investors use operating
income to evaluate the financial performance of the registrant and the
insurance industry in general.
In accordance with general instructions B.2 and B.6 of Form 8-K, the
information in this report, including exhibits, is furnished pursuant to
Items 9 and 12 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.
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 thereunto duly authorized.
EVEREST RE GROUP, LTD.
By: /s/ STEPHEN L. LIMAURO
--------------------------------------
Stephen L. Limauro
Executive Vice President and Chief
Financial Officer
Dated: July 21, 2003
EXHIBIT INDEX
Exhibit
Number Description of Document Page No.
------- ----------------------- --------
99.1 Press Release of the registrant, dated 5
July 21, 2003.