Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA), founded in 1973, is a global leader in life and health reinsurance. As one of the world's largest reinsurers, RGA is guided by its purpose: to make financial protection accessible to all. The company is headquartered in Chesterfield, Missouri, and operates as a comprehensive insurance holding company serving markets across multiple continents.

Business Overview

RGA provides innovative financial solutions that help clients effectively manage risk and optimize capital. The company specializes in both traditional and non-traditional reinsurance products across diverse market segments.

Core Products and Services:

• 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, as well as asset-intensive and financial reinsurance products.

• Reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks.

• Technology solutions development and marketing, along with consulting and outsourcing solutions for the insurance and reinsurance industries.

• Life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. The company's operations are divided into traditional and financial solution businesses.

Geographic Presence

RGA operates in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company's operations are segmented into:

• U.S. and Latin America

• Canada

• Europe, Middle East, and Africa (EMEA)

• Asia Pacific

• Corporate and Other

The U.S. and Latin America segment markets individual and group life and health reinsurance to domestic clients for a variety of products through yearly renewable term agreements, coinsurance, and modified coinsurance.

Financial Performance

Market Capitalization:

• As of June 9, 2025, RGA has a market capitalization of $13.62 billion.

• Its market capitalization has decreased by -1.29% over the past year.

Revenue and Earnings (2024):

• In 2024, RGA's revenue was $22.11 billion, an increase of 19.07% compared to the previous year's $18.57 billion.

• Earnings for 2024 were $717.00 million, a decrease of -20.51% year-over-year.

Recent Quarterly Results:

• Earnings Per Share (EPS): RGA reported EPS of $4.72 for the last quarter, which was a -14.92% surprise against an estimation of $5.55. The estimated EPS for the next quarter is $5.86.

• Revenue: The company's revenue for the last quarter was $5.60 billion, slightly below the estimated $5.68 billion. Revenue is projected to reach $5.95 billion in the next quarter.

Stock Performance

Historical Performance:

• All-Time High: $233.81 USD (November 25, 2024)

• All-Time Low: $9.72 USD (November 1, 1994)

Recent Performance:

• RGA stock has fallen by -4.33% compared to the previous week and -2.10% over the last month.

• Over the past year, RGA has decreased by -15.46%.

Current Trading Range:

• 52-Week High: $233.81

• 52-Week Low: $159.25

• Currently, the stock is trading -11.86% from its 52-week high and 29.4% from its 52-week low.

Market Position and Strategy

With a market capitalization between $10 billion and $200 billion, RGA is classified as a large-cap company. The company is actively executing strategic initiatives to strengthen its market position.

Recent Strategic Developments:

• Strategic transactions and partnerships in Asia are anticipated to drive revenue and profitability through enhanced business value and underwriting efficiency.

• Expansion in Pension Risk Transfer (PRT) markets and efficient capital management are expected to increase market share, elevate net premiums, and enhance future Return on Equity (ROE).

Risk Profile and Volatility

• Stock Volatility: RGA stock shows 2.87% weekly volatility.

• Beta Coefficient: The beta coefficient is 0.85, indicating that RGA tends to be less volatile than the broader market.

• RGA's weekly volatility (5%) has been stable over the past year.

Competitive Position

RGA has underperformed the broader market over the past year:

• US Insurance Industry: Returned 14.5% (RGA underperformed)

• US Market: Returned 13.2% (RGA underperformed)

Despite recent performance fluctuations, RGA maintains its position as a leading global reinsurer with a substantial market presence across multiple geographic regions. The company continues to focus on innovation in financial solutions and risk management, while expanding its global footprint through strategic partnerships and technological advancement in the evolving insurance landscape.