Attached files
file | filename |
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EX-99.1 - EX-99.1 - Tower Group International, Ltd. | y91271exv99w1.htm |
EX-99.2 - EX-99.2 - Tower Group International, Ltd. | y91271exv99w2.htm |
UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
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): May 10, 2011
Tower Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 000-50990 | 13-3894120 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
120 Broadway, 31st Floor
New York, NY 10271
New York, NY 10271
(Address of principal executive offices)
(212) 655-2000
(Registrants telephone number, including area code)
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Table of Contents
Item 7.01.
|
Regulation FD Disclosure | |
Item 8.01.
|
Other Events | |
Item 9.01.
|
Financial Statements and Exhibits |
SIGNATURES
EXHIBIT INDEX
EX-99.1:
|
SCHEDULE OF ADJUSTED FINANCIAL INFORMATION | |
EX 99-2:
|
SCHEDULE OF ADJUSTED SEGMENT RESULTS OF OPERATIONS |
Item 7.01 Regulation FD Disclosure
On Tuesday, May 10, 2011, Michael H. Lee, President and Chief Executive Officer of Tower Group,
Inc. (Tower) and William E. Hitselberger, Executive Vice President and Chief Financial Officer of
Tower gave a presentation to discuss first quarter 2011 financial results. In connection with the
presentation, the Company provided a premium revenue projection ranging from $1.75 billion to $1.8
billion for the year ending December 31, 2011.
The information under this Item 7.01 shall be deemed to be furnished and shall not be deemed
filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
Exchange Act), or otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act.
Item 8.01. Other Events
As previously disclosed, in October 2010, the Financial Accounting Standards Board issued new
guidance concerning the accounting for costs associated with acquiring or renewing insurance
contracts. This guidance generally follows the model of that for loan origination costs. Under
the new guidance, only direct incremental costs associated with successful insurance contract
acquisitions or renewals would be deferrable. The Company adopted this guidance retrospectively
effective January 1, 2011 and has adjusted its previously issued financial information.
Exhibits 99.1 and 99.2 to this Current Report on Form 8-K, each of which is included herein,
provide certain summarized financial results reflecting the adoption of the aforementioned
accounting guidance.
Item 9.01 (d) Financial Statements and Exhibits
Exhibit No. | Description | |
99.1
|
Schedule of Adjusted Financial Information | |
99.2
|
Schedule of Adjusted Segment Results of Operations |
SIGNATURES
Pursuant to the requirement 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.
Tower Group, Inc. | ||||
Registrant |
||||
Date: May 11, 2011 | /s/ William E. Hitselberger | |||
WILLIAM E. HITSELBERGER | ||||
Executive Vice President & Chief Financial Officer |
EXHIBIT INDEX
Number | Exhibits | |
99.1
|
Schedule of Adjusted Financial Information | |
99.2
|
Schedule of Adjusted Segment Results of Operations |