Reinsurance Group of America, Incorporated is offering a series of % fixed-rate reset subordinated debentures due September 15, 2056. The prospectus supplement sets key terms: semi-annual interest payments beginning September 15, 2026, a September 15, 2036 First Reset Date, optional interest deferral rights of up to five consecutive years, and structural subordination to senior indebtedness. The debentures are unsecured, will rank equal with certain existing subordinated debentures and senior to variable junior subordinated notes, permit specified optional redemptions (including for Tax, Regulatory Capital or Rating Agency Events), and are not intended to be listed on an exchange.
Reinsurance Group of America, Incorporated (RGA) is a leading global life and health reinsurer with operations across the U.S. and Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia. It operates through geographic segments plus a Corporate and Other segment.
RGA offers traditional reinsurance (life, health, disability, long-term care, critical illness) and financial solutions including asset‑intensive and longevity reinsurance, pension risk transfer, stable value products, capital solutions and a funding agreement backed note program. As a holding company, it relies on subsidiary dividends, capital markets and investment income for liquidity.
The group is heavily regulated worldwide, subject to U.S. state insurance laws, NAIC capital and reserving regimes, international solvency standards, privacy and cybersecurity rules, and emerging ESG and bias‑related regulations. Key operating subsidiaries maintain capital above minimum requirements and carry strong financial strength ratings from A.M. Best, Moody’s and S&P.
Harris Associates L.P. filed an amended ownership report showing a significant stake in Reinsurance Group of America, Inc. common stock. Harris and its general partner, Harris Associates, Inc., report beneficial ownership of 4,261,078 shares, representing 6.5% of the outstanding common stock as of the event date.
The firms report sole voting power over 4,148,467 shares and sole dispositive power over 4,261,078 shares, with no shared voting or dispositive power. They state the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the company.
Reinsurance Group of America executive Jonathan Porter reported exercising equity awards into common stock. On 02/11/2026 he exercised 1,754 stock appreciation rights granted in 2017 and 1,905 non-qualified stock options granted in 2018. Shares were withheld to cover exercise prices and company tax withholding obligations. After these transactions, he directly owned 12,350 shares of Reinsurance Group of America common stock.
Reinsurance Group of America EVP Ronald Herrmann exercised 4,641 stock appreciation rights granted in 2022 on February 11, 2026. This exercise converted into common stock at an exercise price of $106.53 per share.
According to the filing, 2,240 shares were withheld to cover the exercise price and 715 shares were withheld to satisfy company tax withholding obligations, resulting in a net settlement of 1,686 shares. After these transactions, Herrmann directly owned 7,219 shares of RGA common stock.
Reinsurance Group of America executive advisor Wainwright Simon exercised 2,671 stock appreciation rights on common shares on February 10, 2026. The rights, granted in 2016 at an exercise price of $93.53, were converted into 2,671 shares of common stock.
To cover costs, 1,149 shares were withheld for the exercise price and 716 shares were withheld to satisfy company tax withholding obligations, resulting in a net settlement of 806 shares. After these transactions, Simon directly owned 13,943 shares of Reinsurance Group of America common stock.
Tony Kin Shun Cheng, President and CEO of Reinsurance Group of America (RGA), reported an equity transaction involving stock appreciation rights and common shares. On February 10, 2026, he exercised 4,152 Stock Appreciation Rights granted in 2016 at an exercise price of $93.53 per share, receiving the same number of common shares.
The filing shows 1,786 common shares were withheld at $217.51 per share to cover the exercise price, resulting in a net settlement of 2,366 new shares to him. After these transactions, Cheng directly holds 32,735 shares of RGA common stock.
Reinsurance Group of America, Incorporated furnished materials related to its quarterly results for the three-month period ended December 31, 2025. The company issued an earnings press release, a detailed quarterly financial supplement, and an earnings presentation, all dated February 5, 2026, and made available as exhibits.
The company also noted it will host a conference call on February 6, 2026 to discuss these financial and operating results. In addition, effective February 3, 2026, the board of directors declared a regular quarterly dividend of $0.93 per share, payable March 3, 2026 to shareholders of record as of February 17, 2026.
Reinsurance Group of America executive Jonathan Porter, EVP and Global Chief Risk Officer, reported several equity transactions in company stock on January 20, 2026. The filing shows the settlement of restricted share units granted in March 2023, 2024, and 2025, including 1,170 restricted share units from the March 2023 grant converting into common stock, along with smaller conversions of 404 and 389 units from later grants. Related movements in common stock include dispositions reported at $196.73 per share. Following these transactions, Porter directly holds 11,576 shares of RGA common stock.
Reinsurance Group of America executive vice president and chief investment officer Leslie Barbi reported multiple equity award transactions on January 20, 2026. Several blocks of restricted share units granted in March 2023, 2024, and 2025 were exercised and settled into common stock, reflecting the scheduled vesting of these awards. To cover tax obligations, a total of common shares was automatically withheld and sold at $196.73 per share in several "F" coded transactions. After all conversions and tax withholdings, Barbi directly owned 15,858 shares of Reinsurance Group of America common stock.