Company Overview

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer that provides reinsurance solutions, financial risk management, and related services to insurance companies. The company operates primarily within the life reinsurance, health reinsurance, and financial solutions segments of the global insurance industry. RGA’s core business involves assuming biometric and financial risks from primary insurers, helping them manage capital efficiency, underwriting risk, and long-term obligations.

RGA generates revenue primarily through reinsurance premiums and investment income, with key products covering individual life, group life, longevity, critical illness, disability, and asset-intensive reinsurance. The company is recognized for its expertise in biometric risk assessment, actuarial analytics, and capital optimization. Founded in 1973 as a subsidiary of General American Life Insurance Company, RGA became an independent publicly traded company in 2000 and has since expanded into one of the world’s largest life reinsurers through organic growth and strategic acquisitions.

Business Operations

RGA operates through multiple global business segments, including U.S. and Latin America, Canada, EMEA, and Asia Pacific, reflecting its regionally decentralized operating model. The company provides traditional reinsurance products as well as non-traditional and capital-motivated solutions such as longevity risk transfers, asset-intensive reinsurance, and structured financial transactions. Revenue is primarily derived from reinsurance premiums, with additional income from invested assets supporting policy liabilities.

The company controls significant actuarial, underwriting, and risk modeling capabilities, supported by proprietary data analytics and medical research resources. RGA maintains numerous operating subsidiaries to comply with local regulatory regimes and support regional clients, including RGA Reinsurance Company and RGA International Reinsurance Company DAC. The company also engages in selective partnerships with insurers and financial institutions to structure customized reinsurance and capital solutions.

Strategic Position & Investments

RGA’s strategic direction emphasizes disciplined growth in core life and health reinsurance markets, expansion of asset-intensive and longevity solutions, and continued investment in data analytics and underwriting technology. The company has pursued growth through targeted acquisitions and block reinsurance transactions, particularly in markets with aging populations and capital-intensive insurance products.

Notable investments include expanded participation in pension risk transfer and longevity reinsurance transactions, as well as ongoing development of advanced mortality and morbidity modeling tools. RGA also invests in digital underwriting platforms and predictive analytics to enhance client value and improve risk selection. While the company does not operate a broad venture portfolio, it selectively invests in technologies that support insurance innovation and operational efficiency.

Geographic Footprint

RGA is headquartered in North America in Chesterfield, Missouri, United States, and maintains operations across Europe, Asia-Pacific, Latin America, and Canada. The company serves clients in more than 25 countries, with established regional headquarters in EMEA and Asia-Pacific to support local underwriting and regulatory requirements.

Its international presence allows RGA to diversify risk geographically and participate in both developed and emerging insurance markets. The company’s global scale supports cross-border reinsurance solutions and enables it to leverage regional demographic and mortality trends in pricing and risk management.

Leadership & Governance

RGA’s leadership emphasizes long-term value creation, disciplined risk management, and a decentralized operating model that empowers regional teams while maintaining strong enterprise oversight. The company is led by executives with deep experience in actuarial science, insurance operations, and global financial services.

Key executives include:

• Tony Cheng – President and Chief Executive Officer
• Todd Larson – Chief Financial Officer
• Debra L. Anderson – Executive Vice President, Global Chief Risk Officer
• Wilma R. Smiley – Executive Vice President, Global Chief Investment Officer
• Mark W. Brooks – Executive Vice President, U.S. and Latin America

The board of directors provides governance oversight with a focus on financial strength, regulatory compliance, and sustainable growth aligned with long-duration insurance obligations.