Reinsurance Group of America Inc (N:RGA)
Business Focus: Life & Health Reinsurance
| Sector: Financials | Industry: Reinsurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 16600 Swingley Ridge Road CHESTERFIELD MO 63017-1706 |
| Tel: | 1-636-7362068 |
| Website: | https://www.rgare.com |
| IR: | See website |
| Key People | ||
| Kin Shun Cheng President, Chief Executive Officer, Director | Alka Gautam Executive Vice President, President and Chief Executive Officer of RGA Life Reinsurance Company of Canada | Todd C. Larson Chief Financial Officer, Senior Executive Vice President |
| Ray Kleeman Chief Human Resource Officer, Executive Vice President | Leslie Barbi Executive Vice President, Chief Investment Officer | Jonathan Porter Executive Vice President, Global Chief Risk Officer |
| William L. Hutton Executive Vice President, General Counsel, Secretary | John W. Hayden Executive Vice President, Controller | Lawrence S. Carson Executive Vice President - Global Financial Solutions | Olav Cuiper Executive Vice President, Chief Client Officer |
| Business Overview |
| Reinsurance Group of America, Incorporated is an insurance holding company. The Company is a provider of traditional life and health reinsurance and financial solutions. The Company has four segments. The U.S. and Latin America Traditional segment provides individual and group life and health reinsurance, including long-term care, to domestic clients for a variety of products. The Canada Traditional segment is primarily engaged in individual life reinsurance, and to a lesser extent creditor, group life and health, critical illness and disability reinsurance. The Europe, Middle East and Africa Traditional segment provides individual and group life and health products through yearly renewable term and coinsurance agreements, reinsurance of critical illness coverage. The Asia Pacific Traditional segment provides individual and group life and health reinsurance, critical illness coverage, disability and superannuation through yearly renewable term and coinsurance agreements. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Reinsurance Group of America Inc revenues increased 14% to $18.58B. Net income increased 74% to $902M. Revenues reflect U.S. and Latin America segment increase of 21% to $10.45B. Net income benefited from Policy Acquisition Costs-US decrease of 19% to 10.4%, Loss Ratio -% - Europe & South Africa increase of 4% to 94.1%, Impairments on fixed maturity securities decrease of 82% to $3M (expense). |
| Employees: | 3,900 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $13,959M as of Dec 31, 2023 |
| Annual revenue (TTM): | $18,576M as of Dec 31, 2023 |
| EBITDA (TTM): | $2,823M as of Dec 31, 2023 |
| Net annual income (TTM): | $902.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3,805M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,457M as of Dec 31, 2023 |
| Shares outstanding: | 65,786,319 as of Mar 28, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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