Reinsurance Grp Stock Price, News & Analysis

Reinsurance Group of America (NYSE:RGA) will release its first quarter earnings on May 4 at 4:15 p.m. Eastern Time. A conference call to discuss the results is scheduled for May 5 at 10 a.m. Eastern Time. Interested callers can dial 1-844-481-2753 or 412-317-0669 internationally. A live audio webcast will be accessible on RGA’s Investor page. RGA, a leader in life and health reinsurance, has been in operation for 50 years and has approximately $3.4 trillion of life reinsurance in force, along with $84.7 billion in assets as of December 31, 2022. The company is recognized for its risk management and underwriting expertise and is listed among Fortune's World's Most Admired Companies.

Reinsurance Group of America (NYSE: RGA) has entered an agreement with Daido Life Insurance Company to reinsure 153 billion JPY of statutory reserves through coinsurance. This partnership continues RGA's longstanding collaboration with Daido Life and its parent company, T&D Holdings, aimed at reducing risk and managing capital effectively. Simon Armand-Smith from RGA expressed enthusiasm over this asset-intensive transaction, highlighting their commitment to support capital management objectives. As of December 31, 2022, RGA manages approximately $3.4 trillion of life reinsurance and possesses $84.7 billion in assets.

Reinsurance Group of America (NYSE: RGA) will host a conference for institutional investors and analysts on June 15, 2023, from 8:30 a.m. to 11:30 a.m. Eastern time at The St. Regis in New York City. Attendees can access presentation materials and a live audio webcast on www.rgare.com under the Investors tab. A recording will also be available post-event. Celebrating its 50th anniversary in 2023, RGA specializes in life and health reinsurance and has approximately $3.4 trillion of life reinsurance in force and $84.7 billion in assets as of December 31, 2022.

TAI, a leader in reinsurance administration software, has launched TAI Insights, an innovative analytics toolset designed to enhance reinsurance operations for clients. This tool allows for improved risk management through detailed analysis of individual treaty performance and client concentration risks. TAI Insights, developed in collaboration with Comotion, also includes customizable dashboards for monitoring portfolio performance. TAI has been serving the life insurance industry for nearly 40 years, emphasizing administrative efficiency and risk reduction.

Reinsurance Group of America (RGA) reported solid fourth quarter results with a net income of $204 million, equating to $3.02 per diluted share, a significant increase from $156 million or $2.30 per diluted share in the prior year. Adjusted operating income rose to $202 million or $2.99 per diluted share from an adjusted operating loss of $38 million. Premium growth was 1.1% year-over-year, with 6.0% on a constant currency basis. Total capital returns to shareholders amounted to $78 million. However, the company faced a pre-tax impact of approximately $70 million from COVID-19 claims in the fourth quarter. For the full year, net income was $623 million, or $9.21 per diluted share.

Reinsurance Group of America, Incorporated (NYSE:RGA) will release its fourth quarter earnings on February 2 at approximately 4:15 p.m. Eastern Time. A conference call will follow on February 3 at 10 a.m. Eastern Time to discuss the results. RGA is a leader in life and health reinsurance, managing approximately $3.3 trillion in life reinsurance and holding assets of $82.7 billion as of September 30, 2022. Further details will be available on RGA's website.

Reinsurance Group of America (NYSE: RGA) has appointed Tony Cheng as President effective January 4, 2023. Cheng will replace Anna Manning, who will retire as CEO on December 31, 2023, with Cheng set to take over as CEO on January 1, 2024. The board expressed confidence in Cheng's vision and experience, highlighting his leadership in the Asia region which has seen significant growth. Manning, who has led RGA since 2017, will remain with the company until her retirement.