Reinsurance Group of America, Incorporated(NYSE: RGA) is a holding company for a global life and healthreinsuranceentity[2]based inGreater St. Louiswithin the western suburb ofChesterfield,Missouri,United States. With approximately $3.7 trillion of life reinsurance in force and assets of $97.6 billion as of December 31, 2023,[3]RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.[4][5]
 | |
| Company type | Public |
|---|---|
| NYSE:RGA S&P 400 Component | |
| ISIN | US7593516047 |
| Industry | Reinsurance |
| Founded | 1973 |
| Headquarters | Chesterfield, Missouri,United States |
Key people | Tony Cheng (CEO) |
| Products | Life reinsurance, living benefits reinsurance, health reinsurance, underwriting, financial solutions |
| Revenue | $18.6 billion (2023*) *As of December 31, 2023 |
| $902 million (2023*) | |
| Total assets | $97.6 billion (2023*) |
Number of employees | 4000[1](2023) |
| Parent | Reinsurance Group of America |
| Website | www |
History
editGeneral American Reinsurance, a reinsurance division formed in 1973 byGeneral American Life Insurance Company(GA), was the forerunner to RGA.[6]By 1993, GA's reinsurance division had grown its life reinsurance in force to $114.7 billion.[7]General American acquired the life reinsurance business of National Reinsurance of Canada,[8]later renamed General American Life Reinsurance Company of Canada,[9]thereby establishing its first international office; the Canadian business became RGA Life Reinsurance Company of Canada after RGA's initial public offering (IPO).
Incorporated in 1992 in the state of Missouri,[10]Reinsurance Group of America, Incorporated (RGA) was formed as a holding company for GA's U.S. and Canadian reinsurance businesses. RGA was taken public by IPO in 1993 on theNew York Stock Exchange(NYSE: RGA), with General American retaining a 65% share.[11]
MetLifeacquired General American in 2000, including its interest in RGA,[12]and after 8 years of ownership, MetLife spun RGA off to become a fully independent company.[13]
Awards
editRanked 223 on the 2023 Fortune 500 list,[14]and named to the 2023 Fortune's list of the "World’s Most Admired Companies".[15]RGA was also named toForbes'“America’s 50 Most Trustworthy Financial Companies” 2014 list[16]and theForbes Global 2000:Best Regarded Companies list.[17]In 2023, RGA was ranked #1 on NMG Consulting's Global All Respondent Business Capability Index (BCI) for the 12th consecutive year, based on feedback from insurance executives in more than 50 markets.[18]
Products and services
editRGA's products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development."CBInsights".
References
edit- ^"Reinsurance Group of America | 2021 Fortune 500".
- ^"Forbes – The World's Largest Public Companies".Forbes.
- ^"Barrons– Reinsurance Group of America Reports Third Quarter Results".
- ^"A.M. Best: Top 50 World's Largest Reinsurance Groups".
- ^"RGA Annual Report"(PDF).
- ^"RGA IPO"
- ^Strength, Stability, Service – General American 1992 Annual Report, p.34
- ^"Ombudsman for Life and Health Insurance Canada (French)".
- ^"Office of the Superintendent of Financial Institutions Canada (French)".22 October 2013.
- ^"State of Missouri Incorporation".
- ^"GENERAL AMERICAN COMPLETES IPO OF REINSURANCE GROUP OF AMERICA; A.M. BEST ASSIGNS INITIAL RATING TO SAINT LOUIS RE. PR Newswire, 6 May 1993, p. 0506NY107. General OneFile"(PDF).
- ^"MetLife to Buy General American for $1.2 Billion.A.M. Best Newswire, 27 Aug. 1999, p. 1008238u3131. General OneFile".
- ^"RGA IPO".
- ^"Fortune Ranking".
- ^"Fortune Most Admired".
- ^"America's 50 Most Trustworthy Financial Companies".Forbes.
- ^"Global2000: Best Regarded Companies".Forbes.
- ^"NMG Consulting Global All Respondent Business Capability Index".
External links
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