Trade Reinsurance Group of America Inc - RGA CFD

Reinsurance of America Company profile

About Reinsurance Group of America Inc

Reinsurance Group of America, Incorporated is an insurance holding company. The Company is a provider of traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia. Its traditional reinsurance includes individual and group life and health, disability, long-term care and critical illness reinsurance. Its financial solutions include longevity reinsurance, asset-intensive products, primarily annuities, financial reinsurance, capital solutions and stable value products. The Company operates through geographic-based and business-based operational segments: U.S. and Latin America; Canada; Europe, Middle East and Africa (EMEA); Asia Pacific; and Corporate and Other. The Company's Geographic-based operations are further segmented into traditional and financial solutions businesses.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Reinsurance Group of America Inc revenues increased 12% to $16.45B. Net income increased 49% to $617M. Revenues reflect U.S. and Latin America segment increase of 12% to $8.69B. Net income benefited from Policy Acquisition Costs-Canada decrease of 8% to 15.7%, Loss Ratio -% - Europe & South Africa increase of 18% to 105.2%, Interest Expense decrease of 25% to $127M (expense).

Equity composition

Common Stock $.01 Par, 03/11, 140M auth., 79,137,758 issd., less 5,340,612 shs. in Treas. @ $323.7M. Insiders own 0.50%. IPO: 5/93, 5,775,000 shares @ $26 by Salomon Brothers Inc. 7,417,496 issd. 3/99, 9/97, 3-for-2 stock splits. *NOTE: FY'04 Q's are reclassified.