Welcome to our dedicated page for Reinsurance Grp news (Ticker: RGA), a resource for investors and traders seeking the latest updates and insights on Reinsurance Grp stock.
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global life and health reinsurer and insurance holding company that regularly issues news and updates relevant to investors, analysts, and industry participants. Company communications emphasize its focus on life and health reinsurance and financial solutions that help clients manage risk and optimize capital across multiple regions.
The RGA news flow frequently includes quarterly earnings releases, where the company reports net income, adjusted operating income, net premiums, segment performance, and capital deployment into in-force block transactions. These releases are often accompanied by conference call announcements, earnings presentations, and quarterly financial supplements, providing additional detail on traditional and financial solutions businesses in regions such as the U.S. and Latin America, Canada, EMEA, and Asia Pacific.
Beyond earnings, RGA’s news highlights strategic transactions and partnerships, such as its strategic investment in FoxPath Capital Partners to broaden access to private credit secondary markets, and real estate and office developments like the opening of an office in New York City. The company also reports on research initiatives, including in-depth studies on the mortality and morbidity impacts of incretin-based therapies like GLP-1 drugs in markets including the U.S., UK, Canada, and Hong Kong.
RGA-related news further covers leadership and governance updates, such as senior executive appointments and planned retirements disclosed in company announcements and SEC filings. The company is also featured in industry initiatives, including sponsorship of the RGA Leaders of Tomorrow program, which recognizes emerging insurance professionals and their research.
Investors and observers who follow RGA news can track the company’s financial performance, capital management, strategic partnerships, research publications, and leadership developments. This ongoing stream of information helps market participants understand how RGA’s life and health reinsurance and financial solutions businesses evolve over time.
Reinsurance Group of America (RGA) will release its third quarter earnings on November 3 at 4:15 p.m. Eastern Time. A conference call to discuss the results is scheduled for November 4 at 10 a.m. Eastern Time. Dial-in details include 1-888-204-4368 (international 323-994-2093) with an access code of 9502707. RGA is a global leader in life and health reinsurance with approximately $3.4 trillion in life reinsurance in force and assets of $84.6 billion as of June 30, 2022.
Reinsurance Group of America, Incorporated (NYSE: RGA) announced that its cash tender offer for all outstanding 6.20% Fixed-to-Floating Rate Subordinated Debentures due 2042 expired on September 22, 2022. A total of $151,048,375, or 37.76%, of the $400 million principal amount was validly tendered. The company plans to make payments on September 23, 2022, and September 27, 2022, for Debentures tendered through guaranteed delivery. The Offer will be funded from the proceeds of the upcoming sale of 7.125% Fixed-Rate Reset Subordinated Debentures due 2052.
Reinsurance Group of America (NYSE: RGA) has priced $700 million in 7.125% fixed-rate reset subordinated debentures due in 2052. The offering, managed by major banks, has an issue price of $25 per debenture and features a quarterly interest payment starting September 23, 2022. Proceeds will be used to repurchase $400 million of its 6.20% subordinated debentures due 2042, along with related expenses. The offering is contingent on the completion of a cash tender offer and is conducted under a previously filed SEC registration statement.
Reinsurance Group of America (NYSE: RGA) has launched a cash tender offer for its outstanding 6.20% Fixed-to-Floating Rate Subordinated Debentures due 2042, amounting to $400 million. The offer, which expires on September 22, 2022, provides a tender consideration of $25.20 per $25 principal amount. The company plans to make payments on September 23, 2022, and holders can also utilize a Notice of Guaranteed Delivery until September 26, 2022. Importantly, the offer is contingent upon RGA's successful completion of a new subordinated debenture offering, without any minimum tender requirement.
Reinsurance Group of America, Incorporated (NYSE: RGA) announced the retirement of Board Chair J. Cliff Eason, effective December 31, 2022. Stephen T. O’Hearn, a current board member, will take over as Chair starting January 1, 2023. Eason has served on the board since RGA's IPO in May 1993 and has been Chair since 2008. O’Hearn, who joined the board in 2020, brings extensive experience from PwC where he was the Global Leader of the Insurance Practice. The transition aims to maintain strong leadership as RGA continues to grow in the reinsurance market.
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Reinsurance Group of America reported a second quarter net income of $198 million, or $2.92 per diluted share, down from $344 million or $5.02 last year. Adjusted operating income increased to $391 million, or $5.78 per diluted share. Net premiums grew 4.3% year-over-year to $3.2 billion. The company deployed $121 million in transactions and raised its dividend by 9.6% to $0.80 per share. The estimated COVID-19 impact was approximately $11 million, reducing earnings by $0.12 per share. The effective tax rate for the quarter was 22.1%.
Reinsurance Group of America, Incorporated (NYSE:RGA) will release its second quarter earnings on August 4 at 4:15 p.m. Eastern Time. A conference call to discuss the results is scheduled for August 5 at 10 a.m. Eastern Time. RGA, a leader in life reinsurance with approximately $3.5 trillion in force and $89.8 billion in assets as of March 31, 2022, emphasizes its expertise in risk management and innovative financial solutions. More details can be found on RGA's website.
Reinsurance Group of America (NYSE: RGA) has elected Khanh T. Tran to its Board of Directors, effective July 1, 2022. RGA's President and CEO, Anna Manning, highlighted Tran's extensive knowledge in financial markets and corporate growth as key assets. Tran, a veteran in the insurance industry, previously served as CEO of Aviation Capital Group and held various executive roles at Pacific Life over 25 years. His appointment aims to bolster RGA's strategic initiatives, aligning with the company's five-year growth strategy and enhancing board expertise.
Reinsurance Group of America (RGA) reported a net loss of $63 million, or $0.93 per diluted share, in Q1 2022, a significant drop from $139 million net income last year. However, adjusted operating income improved to $32 million or $0.47 per diluted share. Premiums grew by 8.3% to approximately $3.2 billion, despite COVID-19 claims impacting results. The company deployed $130 million in operations and repurchased $25 million in shares. RGA maintains strong capital with $1 billion excess and ranks first in global capabilities for 11 years.