Reinsurance Group of America, Incorporated
rgare.comWhat Do They Do?
Reinsures life and health policies for insurance companies, and provides financial solutions for insurers, pension plans and retirement plans.
10-K for FY2025, filed Feb 20, 2026The Company is a leading global provider of traditional life and health, and asset-intensive reinsurance, with operations in the U.S.…View ↗
Traditional reinsurance includes individual and group life and health, disability, long-term care and critical illness reinsurance, as…View ↗
Financial solutions include asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer (“PRT”)…View ↗
The Company provides guaranteed investment contracts to retirement plans that include investment-only, stable value wrap products. The…View ↗
The Company participates in the U.S. Pension Risk Transfer (“PRT”) market and works with partners to provide pension plan sponsors…View ↗
Capital solutions includes financial reinsurance and fee-based transactions which assist ceding companies in meeting applicable regulatory…View ↗
How Do They Make Money?
Insurance companies pay premiums for life and health reinsurance, generally when premiums are due under their treaties. RGA also earns fees from financial reinsurance and investment income on invested assets; fees collected in advance are earned over the period they benefit.
10-K for FY2025, filed Feb 20, 2026The Company is among the leading global providers of life reinsurance and financial solutions, with $4.3 trillion of life reinsurance in…View ↗
Life and health premiums are recognized as revenue when due from the insured and are reported net of amounts retroceded. Benefits and…View ↗
Premium ReceivableView ↗
$23.7B
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10-K for FY2025, filed Feb 20, 2026
$23.7B ↗
Who Are Their Customers?
Insurance companies transfer life, health and investment-related exposures to RGA through reinsurance treaties. RGA also works with pension plan sponsors and retirement plans, including through partners.
10-K for FY2025, filed Feb 20, 2026The Company is a leading global provider of traditional life and health, and asset-intensive reinsurance, with operations in the U.S.…View ↗
An automatic reinsurance treaty provides that the ceding company will cede risks to a reinsurer on specified blocks of policies where the…View ↗
The Company has entered into reinsurance transactions on existing longevity business for clients in the U.S., Europe and Canada. These have…View ↗
The Company provides guaranteed investment contracts to retirement plans that include investment-only, stable value wrap products. The…View ↗
The Company participates in the U.S. Pension Risk Transfer (“PRT”) market and works with partners to provide pension plan sponsors…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 20, 2026
10-K for FY2025, filed Feb 20, 2026
$1.2BView ↗
How Are They Changing?
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Jun 22, 2026
Axel André resigned as CFO; Laura Cockrill succeeded him.
Cockrill assumed the CFO role effective June 22, 2026; André’s resignation was effective July 17, 2026.
Sources
8-K, filed Jun 22, 2026
On June 15, 2026, Axel André, Executive Vice President and Chief Financial Officer of Reinsurance Group of America, Incorporated (the…View ↗
Growing. Revenue grew 42% in 4 years, from $16.7B in FY2021 to $23.7B in FY2025, about 9% a year.
Pension risk transfer
The older report said RGA had entered the U.S. pension risk transfer market and begun working with partners. The latest report describes issuing annuity insurance contracts to plan sponsors and assuming investment and biometric risk.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 20, 2026The Company has entered into reinsurance transactions on existing longevity business for clients in the U.S., Europe and Canada. These have…View ↗
The Company participates in the U.S. Pension Risk Transfer (“PRT”) market and works with partners to provide pension plan sponsors…View ↗
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