Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE

COMMISSION

Washington, D.C.

20549

FORM

10-Q

_

X

_

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended

September 30, 2022

---

Transition Report Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission file number

1-15731

EVEREST RE GROUP, LTD.

(Exact name of registrant as specified in its charter)

Bermuda

98-0365432

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

Seon Place – 4th Floor

141 Front Street

PO Box HM 845

Hamilton

HM 19

,

Bermuda

-

295-0006

(Address, including zip code, and telephone number, including area code,

of registrant’s principal executive office)

Indicate

by

check

mark

whether

the

registrant:

(1)

has

filed

all

reports

required

to

be

filed

by

Section

or

15(d)

of

the

Securities

Exchange Act

of 1934

during the

preceding 12

months (or

for such

shorter period

that the

registrant

was required

to file

such reports),

and (2) has been subject to such filing requirements for the past 90 days.

Yes

X

No

Indicate by check mark

whether the registrant

has submitted electronically

every Interactive Data

File required to be

submitted pursuant

to Rule 405 of

Regulation S-T during the

preceding 12 months (or

for such shorter period

that the registrant

was required to

submit such

files).

Yes

X

No

Indicate by check mark

whether the registrant

is a large accelerated

filer, an

accelerated filer,

a non-accelerated filer,

a smaller reporting

company

or

an

emerging

growth

company.

See

the

definitions

of

“large

accelerated

filer,”

“accelerated

filer,”

“smaller

reporting

company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer

X

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

Indicate by

check mark

if the

registrant

is an

emerging growth

company

and has

elected not

to use

the extended

transition period

for

complying with any new or revised financial accounting standards provided

pursuant to Section 13(a) of the Exchange act.

YES

NO

X

Indicate by check mark whether the registrant is a shell company (as defined in

Rule 12b-2 of the Exchange Act).

YES

NO

X

Securities registered pursuant to Section 12(b) of the Act:

Class

Trading Symbol

Name of Exchange where

Registered

Number of Shares Outstanding

At November 1, 2022

Common Shares, $0.01 par value

RE

New York Stock Exchange

39,165,034

EVEREST RE GROUP,

LTD

Table of Contents

Form 10-Q

Page

PART I

FINANCIAL INFORMATION

Item 1.

Financial Statements

Consolidated Balance Sheets as of September 30, 2022 (unaudited)

and December 31, 2021

Consolidated Statements of Operations and Comprehensive Income (Loss) for the

three and nine months ended September 30, 2022 and 2021 (unaudited)

Consolidated Statements of Changes in Shareholders’ Equity for the three and nine

months ended September 30, 2022 and 2021 (unaudited)

Consolidated Statements of Cash Flows for the nine months ended

September 30, 2022 and 2021 (unaudited)

Notes to Consolidated Interim Financial Statements (unaudited)

Item 2.

Management’s Discussion and Analysis of Financial Condition and

Results of Operation

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Item 4.

Controls and Procedures

PART II

OTHER INFORMATION

Item 1.

Legal Proceedings

Item 1A.

Risk Factors

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

Item 3.

Defaults Upon Senior Securities

Item 4.

Mine Safety Disclosures