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) October 18, 2004

Everest Re Group, Ltd.

(Exact name of registrant as specified in its charter)

Bermuda   1-15731   Not Applicable  
(State or other jurisdiction   (Commission   (IRS 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.)

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))


Item 2.02      DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

                       On October 18, 2004, the registrant issued a news release announcing its third quarter 2004 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 capital 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 instruction B.2 of Form 8-K, the information in this report, including exhibits, is furnished pursuant to Item 2.02 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.

Item 9.01      FINANCIAL STATEMENTS AND EXHIBITS

(c)        Exhibits    
           
         Exhibit No. Description  
           
         99.1 News Release of the registrant,  
        dated October 18, 2004  



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/ STEPHEN L. LIMAURO           
      Stephen L. Limauro    
         Executive Vice President and    
        Chief Financial Officer    



Dated: October 18, 2004



EXHIBIT INDEX


Exhibit        
Number   Description of Document   Page No.  
           
99.1   News Release of the registrant, dated   5  
    October 18, 2004