Form 8-K - Current report
07 Novembre 2024 - 10:17PM
Edgar (US Regulatory)
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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)
November 7, 2024
Everest 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, Bermuda | HM 19 |
| | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code 441-295-0006
(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 | | EG | | 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 8.01 OTHER EVENTS
On November 7, 2024, Everest Group, Ltd. (the "Registrant") issued a news release announcing an increase in its share repurchase authorization by an additional 10 million shares. A copy of the news release is furnished herewith as Exhibit 99.1 and is incorporated by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| | | | | | | | | | | |
(d) | Exhibits | | |
| | | |
| Exhibit No. | | Description |
| | | |
| 99.1 | | News Release of the Registrant, dated November 7, 2024 |
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 GROUP, LTD. |
| | |
| By: | /S/ ROBERT J. FREILING |
| | Robert J. Freiling Senior Vice President and Chief Accounting Officer |
| | |
Dated: November 7, 2024 | | |
EXHIBIT INDEX
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Exhibit Number | | Description of Document | | Page No. |
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| | | | 5 |
| | | | |
104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document | | |
| | | | | | | | |
NEWS RELEASE | |
| |
EVEREST GROUP, LTD. | |
| |
Seon Place, 141 Front Street, 4th Floor, Hamilton HM 19, Bermuda | |
| |
Contacts | |
| |
Media: Dawn Lauer | Investors: Matt Rohrmann |
Chief Communications Officer | Head of Investor Relations |
908.300.7670 | 908.604.7343 |
Everest Group Announces Increase to Share Repurchase
Authorization and Announces Dividend
HAMILTON, Bermuda – (BUSINESS WIRE) – November 07, 2024 – Everest Group, Ltd. announced that its Board of Directors approved an increase of 10 million shares in its share repurchase authorization.
In addition, the Company announced that its Board of Directors declared a dividend of $2.00 per common share. This dividend will be payable on or before December 13, 2024 to all shareholders of record as of November 27, 2024.
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) 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 www.everestglobal.com.
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