Global reinsurance company
Reinsurance Group of America, Incorporated (NYSE: RGA) is a holding company for a global life and health reinsurance entity[2] based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $3.5 trillion of life reinsurance in force and assets of $87.4 billion as of September 30, 2023,[3] RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.[4][5]
History
General American Reinsurance, a reinsurance division formed in 1973 by General 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 the New York Stock Exchange (NYSE: RGA), with General American retaining a 65% share.[11]
MetLife acquired 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
Ranked 257 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 to Forbes' “America’s 50 Most Trustworthy Financial Companies” 2014 list[16] and the Forbes 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
RGA's products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. "CBInsights".
