Reinsurance Group of America

Last updated
Reinsurance Group of America, Incorporated (RGA)
Company type Public
NYSE:  RGA
S&P 400 Component
ISIN US7593516047
Industry Reinsurance
Founded1973 (1973)
Headquarters Chesterfield, Missouri, United States
Key people
Tony Cheng (CEO)
ProductsLife reinsurance, living benefits reinsurance, health reinsurance, underwriting, financial solutions
Revenue$22.1 billion (2024*) *As of December 31, 2024
$717 million (2024*)
Total assets $118.7 billion (2024*)
Number of employees
4000 [1]  (2023)
Parent Reinsurance Group of America
Website www.rgare.com

Reinsurance Group of America, Incorporated (NYSE: RGA) is a holding company for a global life and health reinsurance entity [2] based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024, [3] RGA has grown to become the only international company to focus primarily on life and health-related reinsurance. [4] [5]

Contents

History

General American Reinsurance, a reinsurance division formed in 1973 by General American Life Insurance Company (GA), was the forerunner to RGA. [6] By 1993, GA's reinsurance division had grown its life reinsurance in force to $114.7 billion. [7] General American acquired the life reinsurance business of National Reinsurance of Canada, [8] later renamed General American Life Reinsurance Company of Canada, [9] thereby establishing its first international office; the Canadian business became RGA Life Reinsurance Company of Canada after RGA's initial public offering (IPO).

Incorporated in 1992 in the state of Missouri, [10] Reinsurance Group of America, Incorporated (RGA) was formed as a holding company for GA's U.S. and Canadian reinsurance businesses. RGA was taken public by IPO in 1993 on the New York Stock Exchange (NYSE: RGA), with General American retaining a 65% share. [11]

MetLife acquired General American in 2000, including its interest in RGA, [12] and after 8 years of ownership, MetLife spun RGA off to become a fully independent company. [13]

Awards

Ranked 223 on the 2023 Fortune 500 list, [14] and named to the 2023 Fortune's list of the "World’s Most Admired Companies". [15] RGA was also named to Forbes' “America’s 50 Most Trustworthy Financial Companies” 2014 list [16] and the Forbes Global 2000: Best Regarded Companies list. [17] In 2023, RGA was ranked #1 on NMG Consulting's Global All Respondent Business Capability Index (BCI) for the 12th consecutive year, based on feedback from insurance executives in more than 50 markets. [18]

Products and services

RGA's products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. "CBInsights".

References


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