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Reinsurance Group of America, Incorporated - RGA STOCK NEWS

Welcome to our dedicated page for Reinsurance Group of America, Incorporated news (Ticker: RGA), a resource for investors and traders seeking the latest updates and insights on Reinsurance Group of America, Incorporated stock.

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global life and health reinsurance company, with approximately $3.7 trillion of life reinsurance in force and assets of $97.6 billion as of December 31, 2023. Founded in 1973, RGA provides specialized solutions and expertise to help insurance companies manage risk and optimize capital. With operations in 27 countries including the United States, Canada, Europe, Asia, and Australia, RGA supports clients with a diverse range of products and services.

Business Lines: The company’s core business lines include individual life reinsurance, health reinsurance, long-term care reinsurance, group reinsurance, and financial solutions. RGA is a global leader in facultative underwriting, having processed nearly 5 million facultative cases since 1979. Additionally, RGA offers product development, risk management, e-underwriting solutions, and client training opportunities.

Recent Achievements and Partnerships: Recently, RGA announced a groundbreaking collaboration with LIBRA Insurance Partners and DigitalOwl. This partnership leverages DigitalOwl's AI technology to enhance RGA’s facultative underwriting program, significantly improving the efficiency of the life insurance case submission process. Another major milestone is a $5.8 billion reinsurance deal with Manulife Financial Corporation, marking the largest Universal Life reinsurance transaction in Canada's insurance industry.

Financial Condition: RGA remains financially robust with a substantial asset base and a significant volume of life reinsurance in force. The company’s solid financial foundation enables it to engage in large-scale transactions and forge strategic partnerships.

Global Reach and Impact: With operations spanning across continents, RGA is dedicated to making financial protection accessible globally. The company’s relentless pursuit of innovation and client-focused approach positions it as a trusted partner in the reinsurance industry.

To learn more about Reinsurance Group of America, Incorporated, visit www.rgare.com or follow RGA on LinkedIn and Facebook.

News

Reinsurance Group of America Appoints New Member to Board of Directors

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Reinsurance Group of America (RGA) appoints Alison Rand to its Board of Directors, bringing extensive financial and risk management expertise. Ms. Rand's background in corporate finance and investor relations will support RGA's growth strategy.
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RGA Canada Announces Landmark CA$5.8 Billion Coinsurance Transaction With Manulife

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RGA Canada and Manulife complete the largest universal life reinsurance transaction in Canada, reinsuring CA$5.8 billion of reserves with an asset transfer. The long-standing partnership between the companies has led to the success of this historic transaction, showcasing RGA's expertise and innovation in tailored solutions.
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Manulife announces largest Canadian Universal Life reinsurance transaction

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Manulife Financial announces a $5.8 billion reinsurance deal with RGA Life Reinsurance Company of Canada, releasing $0.8 billion in capital for expanded buyback program. The transaction is the largest Universal Life reinsurance deal in Canada, enhancing core ROE and EPS. The company plans to dispose $0.6 billion of alternative long-duration assets, focusing on shareholder value and profitability.
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RGA Announces 700 Billion JPY Longevity Asset-Intensive Reinsurance Transaction With Japan Post Insurance Company

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Reinsurance Group of America (RGA) announces a landmark agreement with Japan Post Insurance Company for an approximately 700 billion JPY in-force block of individual life annuities through coinsurance, marking a significant milestone in the Asia-Pacific longevity market. The transaction showcases RGA's expertise in asset-intensive deals and its strong position in the Japanese and Asia Pacific markets.
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Reinsurance Group of America to Host Investor Day

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Reinsurance Group of America (RGA) will host a conference for investors and analysts in New York City. The event will feature a live webcast and presentation materials.
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Legal & General Retirement America and RGA Partner to Complete $700 Million Pension Risk Transfer Transaction with FirstEnergy

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Legal & General Retirement America and Reinsurance Group of America complete a $700 million pension risk transfer transaction with FirstEnergy, securing retirement benefits for 2,000 retirees.
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Prudential and RGA entrusted to fulfill $5.9 billion in pension promises for Verizon

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Prudential Financial, Inc. announces the acquisition of Assurance IQ, Inc., a leading digital consumer solutions platform. The deal is valued at $2.35 billion, aiming to enhance Prudential's ability to reach customers digitally and expand its offerings. The acquisition is expected to be accretive to EPS and ROE by 2022, providing significant growth opportunities for Prudential.
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LIBRA Insurance Partners, DigitalOwl, and RGA Announce Collaboration to Revolutionize and Enhance Efficiencies in the Informals Submission Process

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LIBRA Insurance Partners announced a groundbreaking underwriting collaboration with DigitalOwl and Reinsurance Group of America (RGA) to address inefficiencies in the informal submission process. This collaboration aims to utilize DigitalOwl technology via RGA's facultative underwriting program, providing transformative efficiencies to the life insurance case submission process. The partnership also aligns with LIBRA's recent rollout of QuoteShop, a proprietary 'informal quote' submission platform with advanced multi-carrier capabilities, offering an efficient end-to-end solution for carriers and agents.
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Reinsurance Group of America Reports Fourth Quarter and Full Year Results

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Reinsurance Group of America, Incorporated (RGA) reported a net income available to shareholders of $2.37 per diluted share for the fourth quarter, with adjusted operating income of $4.73 per diluted share. Premium growth was 19.2% over the prior-year quarter. Full-year results showed net income available to shareholders of $13.44 per diluted share, with adjusted operating income of $19.88 per diluted share. RGA deployed capital of $346 million into in-force transactions and had total shareholder capital returns of $106 million for the fourth quarter. For the full year, deployed capital was $933 million with total shareholder capital returns of $419 million. The company saw a 15.3% premium growth over the prior year, with ROE of 11.4% and adjusted operating ROE of 14.5%. However, net foreign currency fluctuations had an adverse effect on net income available to shareholders and adjusted operating income. The effective tax rate for the quarter was 2.2% on pre-tax income, below the expected range of 23% to 24%, and for the full year, it was 21.8% on pre-tax income, also below expectations. Tony Cheng, President and CEO, expressed optimism based on favorable business conditions and RGA's global leadership position.
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RGA Executes €900 Million Asset-Intensive Reinsurance Transaction With Baloise in Belgium

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Reinsurance Group of America, Incorporated (RGA) has executed an asset-intensive reinsurance transaction in Continental Europe with Baloise Belgium NV, involving approximately 57,000 individual life insurance policies with guaranteed minimum returns and total reserves of approximately €900 million. This strategic partnership underscores RGA's expertise and strong position in the European market, providing guidance and support to enhance Baloise's financial efficiency. The terms of the transaction have not been disclosed.
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FAQ

What is the current stock price of Reinsurance Group of America, Incorporated (RGA)?

The current stock price of Reinsurance Group of America, Incorporated (RGA) is $207.54 as of December 20, 2024.

What is the market cap of Reinsurance Group of America, Incorporated (RGA)?

The market cap of Reinsurance Group of America, Incorporated (RGA) is approximately 13.5B.

What does Reinsurance Group of America, Incorporated do?

RGA provides life and health reinsurance solutions, offering products such as individual life reinsurance, group reinsurance, financial solutions, and more.

Which are the main business lines of RGA?

RGA’s core business lines include individual life reinsurance, health reinsurance, long-term care reinsurance, group reinsurance, and financial solutions.

What are some notable recent achievements of RGA?

Recent achievements include a collaboration with LIBRA Insurance Partners and DigitalOwl to enhance underwriting efficiency and a $5.8 billion reinsurance deal with Manulife Financial Corporation.

How financially strong is RGA?

RGA is financially robust with approximately $3.7 trillion of life reinsurance in force and assets of $97.6 billion as of December 31, 2023.

In how many countries does RGA operate?

RGA operates in 27 countries, including the United States, Canada, Europe, Asia, and Australia.

What is RGA's expertise in facultative underwriting?

RGA is a global leader in facultative underwriting, having processed nearly 5 million facultative cases since 1979.

What types of solutions does RGA offer beyond reinsurance?

Beyond reinsurance, RGA offers product development, risk management, e-underwriting solutions, and client training opportunities.

Where can I learn more about RGA?

For more information, visit RGA's official website at www.rgare.com or follow them on LinkedIn and Facebook.

Who are some of RGA's recent partners?

Recent partners include LIBRA Insurance Partners and DigitalOwl.

What purpose drives RGA's operations?

RGA is guided by the purpose of making financial protection accessible to all through innovation, execution, and client focus.

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Reinsurance Group of America, Incorporated

NYSE:RGA

RGA Rankings

#702 Ranked by Market Cap
#1508 Ranked by Dividends

RGA Stock Data

13.48B
65.56M
0.41%
97.35%
0.41%
Insurance - Reinsurance
Life Insurance
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United States of America
CHESTERFIELD