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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

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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Reinsurance Group of America Named to Fortune’s World’s Most Admired Companies

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Reinsurance Group of America, Incorporated (NYSE: RGA) has been named to Fortune magazine’s 2024 list of the World’s Most Admired Companies. This recognition is attributed to RGA's strong global presence, long track record of performance, and commitment to social responsibility and integrity. The company aims to expand its support for clients and deliver value to shareholders while upholding its distinguished honor.
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RGA Announces Strategic Investment and Exclusive Global Life and Health Reinsurance Partnership with DigitalOwl

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Reinsurance Group of America, Incorporated (NYSE: RGA) announced a strategic investment and exclusive global life and health reinsurance partnership with DigitalOwl, an insurance technology company that utilizes advanced artificial intelligence to interpret and transform medical records. The partnership aims to develop a digital solution for carriers that will automate the processing of structured and unstructured data for underwriting decisions in an all-digital format.
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Reinsurance Group of America Announces Fourth Quarter Earnings Release Date, Webcast

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Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release fourth quarter earnings on Thursday, February 1, at approximately 4:15 p.m. Eastern Time. RGA is a global industry leader specializing in life and health reinsurance and financial solutions. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers with approximately $3.5 trillion of life reinsurance in force and assets of $87.4 billion as of September 30, 2023.
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Reinsurance Group of America, Incorporated Launches Ruby Reinsurance Company

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Reinsurance Group of America, Incorporated (NYSE: RGA) announces the launch of Ruby Reinsurance Company, securing initial investment from Golub Capital, Hudson Structured Capital Management Ltd., and Sammons Financial Group.
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Reinsurance Group of America Reports Third Quarter Results

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Reinsurance Group of America (RGA) reported a net income of $287 million, or $4.29 per diluted share, in the third quarter, compared to a net loss of $76 million, or $1.13 per diluted share, in the same quarter last year. Adjusted operating income for the quarter was $372 million, or $5.57 per diluted share, compared to $16 million, or $0.24 per diluted share, in the prior year. Premium growth was 31.0% over the prior-year quarter and 14.0% year-to-date. RGA deployed $203 million into in-force and other transactions and returned $106 million to shareholders through share repurchases and dividends.
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RGA Recognized for Outstanding Reinsurance Scheme and as Life Reinsurer of the Year in APAC

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Reinsurance Group of America (RGA) has received the 2023 Outstanding Reinsurance Scheme Award from the Hong Kong Federation of Insurers and was named Life Reinsurer of the Year in the 27th Asia Insurance Industry Awards. RGA also won the Innovation of the Year award for its simplified issue expansion project in South Korea. RGA has been named Life Reinsurer of the Year for five of the past seven years.
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Reinsurance Group of America Announces Third Quarter Earnings Release Date, Webcast

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Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release third quarter earnings on Thursday, November 2, at approximately 4:15 p.m. Eastern Time.
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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 $223.86 as of January 22, 2025.

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

The market cap of Reinsurance Group of America, Incorporated (RGA) is approximately 14.8B.

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

#684 Ranked by Market Cap
#1544 Ranked by Dividends

RGA Stock Data

14.79B
65.55M
0.41%
97.2%
0.49%
Insurance - Reinsurance
Life Insurance
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United States of America
CHESTERFIELD