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, Inc. (RGA) is a global leader in life and health reinsurance, providing risk management solutions to insurers worldwide. This page serves as a centralized hub for all official RGA news, financial updates, and strategic developments.
Investors and industry professionals will find timely updates on quarterly earnings, acquisitions, leadership changes, and product innovations. The curated collection includes press releases detailing RGA's facultative underwriting advancements, group reinsurance partnerships, and global market expansions.
Our repository ensures easy access to critical information affecting RGA's stock performance and industry position. Bookmark this page for streamlined tracking of the company's financial health, regulatory milestones, and responses to evolving reinsurance trends.
RGA Leaders of Tomorrow program celebrates its 10th anniversary at the 60th Global Insurance Forum in Miami, November 17-19, 2024. Sponsored by Reinsurance Group of America (RGA), this mentorship initiative supports insurance professionals with executive leadership potential. The program includes mentorship, strategic issue examination, and original paper presentations.
The anniversary celebration features an awards ceremony and panel discussion with the 2024 class and alumni. One candidate will receive the RGA Leaders of Tomorrow Award, while three will participate in a panel on industry challenges and opportunities. The Global Insurance Forum will also address key industry topics like tech-powered risk management and cyber risk.
Josh Landau, IIS President, and Tony Cheng, RGA President and CEO, emphasize the program's importance in developing industry talent and fostering innovation. The event showcases RGA's commitment to nurturing future insurance leaders and highlights the industry's focus on sustainability and collective success.
Reinsurance Group of America (NYSE: RGA) will release its second quarter earnings on August 1 at 4:15 p.m. Eastern Time.
The results will be available via newswire and on RGA’s website.
A conference call to discuss the earnings will be held at 10 a.m. Eastern Time on August 2.
Participants can join the call by dialing 1-844-481-2753 (U.S.) or 412-317-0669 (international).
A live audio webcast and a 90-day replay of the call will be accessible on RGA’s Investors page.
RGA, founded in 1973, is a global leader in life and health reinsurance with $3.7 trillion life reinsurance in force and $106 billion in assets as of March 31, 2024.
Reinsurance Group of America (NYSE: RGA) has announced the appointment of Axel André as its new Chief Financial Officer (CFO), effective August 5, 2024. André will succeed Todd Larson, who will transition to the role of Special Advisor to the CEO until his retirement on December 31, 2024. André joins RGA from American Equity Investment Life Insurance Company, where he served as Executive Vice President and CFO since 2021. His extensive experience in the insurance industry includes executive roles at Jackson National Life Insurance and American International Group (AIG). The transition aims to leverage André’s expertise to drive RGA’s strategic initiatives and growth.
Reinsurance Group of America (RGA), a leading global life and health reinsurer, has announced a significant coinsurance transaction with Tokio Marine & Nichido Life Insurance (Anshin Life). The deal involves reinsuring approximately 100 billion JPY worth of paid-up whole life policies. Gaston Nossiter, RGA's Senior VP and Head of Asia Pacific, emphasized that this transaction underlines RGA's commitment to the Japanese market and their ability to address capital and market risks with innovative financial solutions. Anshin Life highlighted RGA's local presence and flexibility in addressing asset liability management strategies as key factors in their partnership.
AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the $650 million, 5.75% senior unsecured notes issued by Reinsurance Group of America (RGA), due Sept. 15, 2034. The outlook for this rating is stable. The proceeds from these notes will be utilized for general corporate purposes. RGA’s financial leverage and interest coverage remain within AM Best’s guidelines, supporting the company’s current ratings. All other ratings for RGA and its subsidiaries remain unchanged.
Reinsurance Group of America (NYSE: RGA) will host an Investor Day on June 13, 2024, from 8:30 a.m. to 11:00 a.m. Eastern time at The St. Regis in New York City. The event targets institutional investors and analysts, providing presentation materials and a live audio webcast via the company's website. A recording of the webcast will also be available post-event. Participants are advised to visit the site 15 minutes early for necessary software installations.
Reinsurance Group of America, Incorporated (NYSE: RGA) priced $650 million of 5.750% senior notes due 2034 for general corporate purposes. The offering is managed by BofA Securities, U.S. Bancorp Investments, and Wells Fargo Securities. The Senior Notes have a maturity date of September 15, 2034, with a par-call option three months prior to maturity, an issue price of 99.287% and feature a fixed-rate coupon of 5.750%, payable semiannually. The offering is expected to be completed on May 13, 2024.
Reinsurance Group of America, Incorporated (NYSE: RGA) reported first quarter net income of $210 million, adjusted operating income of $401 million, premium growth of 58.8%, ROE of 10.2%, and deployed capital of $737 million. The company declared a quarterly dividend of $0.85. Overall, RGA had a strong first quarter, with positive financial performance and optimistic outlook for the future.
FAQ
What is the current stock price of Reinsurance Grp (RGA)?
What is the market cap of Reinsurance Grp (RGA)?
