Reinsurance Grp Stock Price, News & Analysis

Reinsurance Group of America (NYSE: RGA) has been ranked #1 in NMG Consulting’s 2020 Global All Respondent Business Capability Index (BCI) for the 10th consecutive year. This ranking evaluates reinsurer effectiveness based on feedback from around 1,500 insurance executives across more than 50 countries. RGA's CEO, Anna Manning, highlighted the significance of this recognition, reflecting strong client approval. The consistent top performance demonstrates RGA's commitment to client relationships and effective outcomes in the reinsurance market.

Reinsurance Group of America (RGA) will release its first quarter earnings on May 6 at 4:15 p.m. Eastern Time, available via newswire and on its website. A conference call to discuss these results is scheduled for May 7 at 11 a.m. Eastern Time, accessible by phone or through a live audio webcast on RGA's website. RGA, a Fortune 500 company, offers life reinsurance and financial solutions, with $3.5 trillion in reinsurance in force and $84.7 billion in assets as of December 31, 2020, showcasing its expertise in risk and capital management.

RGA and its subsidiary RGAX announced the successful completion of a Service Organization Control (SOC) 2 Type II examination for their AURA NEXT underwriting platform. Launched in 2001, AURA NEXT automates underwriting processes and enhances risk analysis for life insurers. This accomplishment highlights RGA’s commitment to security, availability, and operational effectiveness, reassuring clients about the robustness of the platform. RGA, a leader in life reinsurance with $3.5 trillion in force, continues to innovate in the insurance sector, aiming to improve client experiences and underwriting efficiency.

Reinsurance Group of America (NYSE: RGA) reported a fourth quarter net income of $132 million, or $1.94 per diluted share, down from $235 million or $3.68 in the previous year. Adjusted operating income fell to $81 million, or $1.19 per diluted share, compared to $219 million or $3.43 the year prior. The company benefited from favorable foreign currency fluctuations of $0.06 per share on net income and $0.04 on adjusted income. Net premiums for the quarter were $3.26 billion versus $2.99 billion; year-to-date premiums totaled $11.69 billion.

Reinsurance Group of America (RGA) has announced its agreement to acquire 100% of Hodge Life Assurance Company Limited (HLAC), which holds annuity liabilities of approximately £570 million ($780 million USD). This acquisition highlights RGA's commitment to the U.K. market and aims to enhance its capital and risk management solutions. HLAC will cease writing new business by February 19, 2021, with a seamless transition planned for existing customers. The completion of the acquisition is contingent upon regulatory approval.

Reinsurance Group of America (NYSE:RGA) will release its fourth quarter earnings on February 8 at 4:15 p.m. Eastern Time. A conference call to discuss the results is scheduled for February 9 at 9 a.m. Participants can dial in at 1-800-458-4121 or listen via a live audio webcast on RGA's website. RGA holds approximately $3.4 trillion in life reinsurance and $82.1 billion in assets as of September 30, 2020. The company, founded in 1973 and headquartered in St. Louis, continues to be a leader in life reinsurance and financial solutions.

Reinsurance Group of America (RGA) announced the election of Shundrawn A. Thomas to its Board of Directors effective February 1, 2021. This appointment expands the board to 12 members. With over 25 years in financial services, Thomas brings extensive expertise in corporate strategy and investment management from his roles at Northern Trust and Goldman Sachs. His leadership in diversity-driven organizational transformation is expected to enhance RGA's strategic initiatives. RGA, a Fortune 500 company, manages approximately $3.4 trillion in life reinsurance.

Reinsurance Group of America (RGA) reported third quarter net income of $213 million, or $3.12 per diluted share, down from $263 million or $4.12 per share in the same quarter last year. Adjusted operating income was $239 million, $3.51 per share, compared to $256 million or $4.02 per share in 2019. Despite a 1% rise in net premiums to $2.8 billion, investment income saw a 16% drop. The company declared a quarterly dividend of $0.70, payable December 3.

Reinsurance Group of America (RGA) plans to release its third quarter earnings on November 5, at 4:15 p.m. Eastern Time. A conference call to discuss the results will be held the next day, November 6, at 10 a.m. Eastern Time. Interested parties can join the call by dialing 1-800-458-4121, with an access code of 5309099. RGA, a leading provider of life reinsurance, manages approximately $3.5 trillion in life reinsurance in force and has assets totaling $80.7 billion as of June 30, 2020. Further details are available on RGA's website.