Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks. In addition, it develops and markets technology solutions; and provides consulting and outsourcing solutions for the insurance and reinsurance industries. The company serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, Australia, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.
IPO Year:
Exchange: NYSE
Website: rgare.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $235.00 | Hold | TD Cowen |
| 9/5/2024 | $255.00 | Overweight | Barclays |
| 12/11/2023 | $171.00 → $189.00 | Hold → Buy | Jefferies |
| 6/23/2023 | $170.00 → $160.00 | Buy → Hold | Jefferies |
| 6/7/2023 | $199.00 | Strong Buy | Raymond James |
| 4/25/2023 | $163.00 | Overweight | Wells Fargo |
| 3/15/2023 | $133.00 → $158.00 | Sell → Buy | Citigroup |
| 1/5/2023 | $148.00 → $167.00 | In-line → Outperform | Evercore ISI |
| 12/6/2022 | $145.00 → $170.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 10/31/2022 | $136.00 | Overweight → Neutral | JP Morgan |
Reinsurance Group of America, Incorporated (NYSE:RGA) ("RGA") announced today that it has priced an aggregate principal amount of $700 million of 6.650% Fixed-Rate Reset Subordinated Debentures due 2055 (the "2055 Debentures") pursuant to an underwritten registered public offering (the "Offering"). The 2055 Debentures have a maturity date of September 15, 2055, an issue price of 100% and feature a fixed-rate coupon of 6.650%, payable semiannually in arrears. RGA expects to complete the Offering on March 3, 2025, subject to customary closing conditions. RGA expects to use the net proceeds from the Offering for general corporate purposes, including funding its obligations with respect to th
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, today announced it has entered into an agreement with Equitable Holdings, Inc. (NYSE:EQH, "Equitable")) to reinsure a diversified block of life insurance products and expand their strategic partnership. RGA to reinsure $32 billion of a diversified mix of life insurance products RGA expects to deploy $1.5 billion of capital at closing into this reinsurance transaction Priced with attractive returns within RGA's target range Expected to meaningfully contribute to adjusted operating EPS Broadens RGA's relationship with Equitable across underwriting, product development, distributio
Fourth Quarter Results Net income available to RGA shareholders of $2.22 per diluted share Adjusted operating income of $4.99 per diluted share Deployed capital of $250 million into in-force block transactions Full Year Results Net income available to RGA shareholders of $10.73 per diluted share Adjusted operating income of $20.06 per diluted share Adjusted operating income, excluding notable items of $22.57 per diluted share ROE of 7.1%, adjusted operating ROE of 13.8%, adjusted operating ROE, excluding notable items of 15.4% for the trailing twelve months Deployed capital of $1,676 million into in-force block transactions Increased value of in-force business
BEDMINSTER, N.J., Jan. 23, 2025 /PRNewswire/ -- FastTrack, a leader in the digital automation arena for life and disability insurance carriers, is pleased to announce that it has formed a strategic partnership with Reinsurance Group of America, Incorporated (RGA) to bring its patent-pending digital life and life waiver of premium workflow automation and life claims system technology to clients and prospects. This collaboration will leverage the strengths of both organizations, combining RGA's expertise in reinsurance and claims management consulting with FastTrack's experience in life and life waiver of premium workflow automation and life claims system technology. By aligning these complem
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, announced today that, through a wholly-owned subsidiary, it has made a strategic investment in, and anchor commitment to, PACT Capital LLC (PACT), an independent investment firm focused on providing capital and strategic support to middle market alternative asset managers. PACT will seek to partner with high-performing established and emerging private capital firms to help them achieve their strategic growth objectives. "Our strategic investment in PACT demonstrates our commitment to forging collaborative relationships that drive shared value for all stakeholders. This partnership provides u
Firm co-founded by Christian von Schimmelmann, formerly Global Co-Head of the GP Stakes Business at Goldman Sachs Asset Management, and Brian Vickery, formerly Partner at McKinsey & Company PACT Capital LLC ("PACT" or "PACT Capital Partners") launched today as an independent investment firm focused on providing capital and strategic support to middle-market alternative asset managers. PACT will seek to partner with high-performing private capital firms and help them to achieve their strategic objectives. Headquartered in New York, PACT will utilize its proprietary imPACT platform to assist established and emerging firms in accelerating capital formation, designing and launching new prod
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "aa-" (Superior) of RGA Reinsurance Company (Chesterfield, MO), RGA Americas Reinsurance Company Ltd (Bermuda), RGA Life Reinsurance Company of Canada (Toronto, Canada), Aurora National Life Assurance Company (Chesterfield, MO) and RGA Life and Annuity Insurance Company (RLAC) (Chesterfield, MO). These companies are subsidiaries of Reinsurance Group of America, Incorporated (Chesterfield, MO) (NYSE:RGA) and collectively referred to as RGA. AM Best also has affirmed the Long-Term ICR of "a-" (Excellent) and all existing Long-Term Issue Credit Ratings (Long-Ter
Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release fourth quarter earnings on Thursday, February 6, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA's website, www.rgare.com. RGA will host a conference call to discuss the fourth quarter results beginning at 10 a.m. Eastern Time on Friday, February 7. Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 international) and asking to be joined into the Reinsurance Group of America, Incorporated (RGA) call. Participants are asked to call the assigned number approximately 15 minutes before the conference call begins. A live audi
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, and John Hancock, a subsidiary of Manulife Financial Corporation (Manulife), a leading international financial services group, announced today an agreement to reinsure approximately US$4.1 billion in liabilities comprising $1.9 billion in long-term care (LTC) and $2.2 billion in structured settlements. This latest transaction builds on RGA's long-standing strategic partnership with Manulife across a wide range of business types and global markets. The reinsured LTC block consists of policies that closely match the characteristics of RGA's current in-force LTC portfolio, including that all su
Transacting on a younger LTC block further validates LTC reserves and assumptionsAnother milestone transaction that optimizes our portfolio$0.8 billion capital release will be returned to shareholders via share buybacksConference call to be held Thursday, November 21, 2024, at 8:00 a.m. ET; details below TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has entered into a $5.4 billion1 reinsurance agreement with Reinsurance Group of America ("RGA"), including $2.4 billion of long-term care
4 - REINSURANCE GROUP OF AMERICA INC (0000898174) (Issuer)
TD Cowen initiated coverage of Reinsurance Group of America with a rating of Hold and set a new price target of $235.00
Barclays initiated coverage of Reinsurance Group of America with a rating of Overweight and set a new price target of $255.00
Jefferies upgraded Reinsurance Group of America from Hold to Buy and set a new price target of $189.00 from $171.00 previously
Jefferies downgraded Reinsurance Group of America from Buy to Hold and set a new price target of $160.00 from $170.00 previously
Raymond James initiated coverage of Reinsurance Group of America with a rating of Strong Buy and set a new price target of $199.00
Wells Fargo initiated coverage of Reinsurance Group of America with a rating of Overweight and set a new price target of $163.00
Citigroup upgraded Reinsurance Group of America from Sell to Buy and set a new price target of $158.00 from $133.00 previously
Evercore ISI upgraded Reinsurance Group of America from In-line to Outperform and set a new price target of $167.00 from $148.00 previously
RBC Capital Mkts upgraded Reinsurance Group of America from Sector Perform to Outperform and set a new price target of $170.00 from $145.00 previously
JP Morgan downgraded Reinsurance Group of America from Overweight to Neutral and set a new price target of $136.00
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, today announced it has entered into an agreement with Equitable Holdings, Inc. (NYSE:EQH, "Equitable")) to reinsure a diversified block of life insurance products and expand their strategic partnership. RGA to reinsure $32 billion of a diversified mix of life insurance products RGA expects to deploy $1.5 billion of capital at closing into this reinsurance transaction Priced with attractive returns within RGA's target range Expected to meaningfully contribute to adjusted operating EPS Broadens RGA's relationship with Equitable across underwriting, product development, distributio
Fourth Quarter Results Net income available to RGA shareholders of $2.22 per diluted share Adjusted operating income of $4.99 per diluted share Deployed capital of $250 million into in-force block transactions Full Year Results Net income available to RGA shareholders of $10.73 per diluted share Adjusted operating income of $20.06 per diluted share Adjusted operating income, excluding notable items of $22.57 per diluted share ROE of 7.1%, adjusted operating ROE of 13.8%, adjusted operating ROE, excluding notable items of 15.4% for the trailing twelve months Deployed capital of $1,676 million into in-force block transactions Increased value of in-force business
Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release fourth quarter earnings on Thursday, February 6, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA's website, www.rgare.com. RGA will host a conference call to discuss the fourth quarter results beginning at 10 a.m. Eastern Time on Friday, February 7. Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 international) and asking to be joined into the Reinsurance Group of America, Incorporated (RGA) call. Participants are asked to call the assigned number approximately 15 minutes before the conference call begins. A live audi
Transacting on a younger LTC block further validates LTC reserves and assumptionsAnother milestone transaction that optimizes our portfolio$0.8 billion capital release will be returned to shareholders via share buybacksConference call to be held Thursday, November 21, 2024, at 8:00 a.m. ET; details below TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has entered into a $5.4 billion1 reinsurance agreement with Reinsurance Group of America ("RGA"), including $2.4 billion of long-term care
Third Quarter Results Net income available to RGA shareholders of $2.33 per diluted share Adjusted operating income of $3.62 per diluted share Adjusted operating income, excluding notable items of $6.13 per diluted share, a record quarterly result ROE of 7.7%, adjusted operating ROE of 13.8%. Adjusted operating ROE, excluding notable items of 15.5% for the trailing twelve months, a record quarterly result Deployed capital of $382 million into in-force block transactions Increased Value of In-force Business Margins by $4.6 billion or 13.9% in the first nine months of the year Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global provider of life and health rei
Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release third quarter earnings on Thursday, October 31, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA's website, www.rgare.com. RGA will host a conference call to discuss the third quarter results beginning at 10 a.m. Eastern Time on Friday, November 1. Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 international) and asking to be joined into the Reinsurance Group of America, Incorporated (RGA) call. Participants are asked to call the assigned number approximately 15 minutes before the conference call begins. A live audio w
Second Quarter Results Net income available to RGA shareholders of $3.03 per diluted share Adjusted operating income* of $5.48 per diluted share Premium growth of 17.5% over the prior-year quarter, 18.5% on a constant currency basis1 ROE of 9.7%, adjusted operating ROE* of 15.3% for the trailing twelve months Increased quarterly dividend 4.7% to $0.89 per share Deployed capital of $307 million into in-force transactions 1 Actual amounts reflect impact of currency fluctuations. Constant currency amounts reflect foreign denominated activity translated to U.S. dollars at a constant exchange rate. Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global pro
Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release second quarter earnings on Thursday, August 1, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA's website, www.rgare.com. RGA will host a conference call to discuss the second quarter results beginning at 10 a.m. Eastern Time on Friday, August 2. Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 international) and asking to be joined into the Reinsurance Group of America, Incorporated (RGA) call. Participants are asked to call the assigned number approximately 15 minutes before the conference call begins. A live audio we
First Quarter Results Net income available to RGA shareholders of $3.16 per diluted share Adjusted operating income* of $6.02 per diluted share Premium growth of 58.8% over the prior-year quarter, 59.2% on a constant currency basis1 ROE of 10.2%, adjusted operating ROE* of 14.8% for the trailing twelve months Deployed capital of $737 million into in-force transactions 1 Actual amounts reflect impact of currency fluctuations. Constant currency amounts reflect foreign denominated activity translated to U.S. dollars at a constant exchange rate. Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global provider of life and health reinsurance, reported first qua
Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release first quarter earnings on Thursday, May 2, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA's website, www.rgare.com. RGA will host a conference call to discuss the first quarter results beginning at 10 a.m. Eastern Time on Friday, May 3. Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 international) and asking to be joined into the Reinsurance Group of America, Incorporated (RGA) call. Participants are asked to call the assigned number approximately 15 minutes before the conference call begins. A live audio webcast of
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Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, today announced the appointment of Alison Rand to its Board of Directors. Ms. Rand begins her service on April 1, 2024. "Throughout Alison's tenure as an executive leader, she has been a driving force behind achieving financial excellence and fostering investor trust," said Tony Cheng, President and CEO, RGA. "Her expertise as a former chief financial officer, combined with her background in corporate finance and risk management, will be pivotal as we execute on our enterprise strategy and continue our trajectory of growth and success." "Alison's comprehensive knowledge, spanning investor
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, today announced the appointment of Michele Bang to its Board of Directors. Ms. Bang began her service on October 1, 2023. "Michele brings strong expertise in the asset management and insurtech sectors across the Asia Pacific region, which will serve RGA well as we seek to capitalize on growth opportunities in the region and around the world," said Anna Manning, CEO, RGA. "Beyond her work in financial services, Michele's experience advising startups and investing in emerging businesses will also provide valuable insight to our organization." "With more than 30 years of experience in financi
Everest Re Group, Ltd. ("Everest") (NYSE:RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced the appointment of Hazel McNeilage as an independent, non-executive member of its Board of Directors, effective immediately. "Hazel's extensive global business experience and exceptional leadership acumen make her a valuable addition to Everest's Board," said Juan C. Andrade, Everest President and CEO. "Hazel brings a diverse, global perspective from decades of experience leading corporate growth and transformation strategies spanning five continents. I look forward to working closely with Hazel as we continue to
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA) a leading global life and health reinsurer, today announced the election of Shundrawn A. Thomas to its Board of Directors. Mr. Thomas will begin his service on February 1, 2021. The addition of Mr. Thomas increases the number of RGA directors to 12. “With more than 25 years in the financial services industry, Shundrawn is a respected and trusted leader with deep experience working with and developing executive leadership teams,” said Anna Manning, President and Chief Executive Officer, RGA. “In addition to his expertise in launching and developing financial services products and investment funds, I