Articles from Reinsurance Group of America, Incorporated

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, announced today that, through a wholly-owned subsidiary, it has made a strategic investment in, and anchor commitment to, PACT Capital LLC (PACT), an independent investment firm focused on providing capital and strategic support to middle market alternative asset managers. PACT will seek to partner with high-performing established and emerging private capital firms to help them achieve their strategic growth objectives.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release fourth quarter earnings on Thursday, February 6, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, and John Hancock, a subsidiary of Manulife Financial Corporation (Manulife), a leading international financial services group, announced today an agreement to reinsure approximately US$4.1 billion in liabilities comprising $1.9 billion in long-term care (LTC) and $2.2 billion in structured settlements. This latest transaction builds on RGA’s long-standing strategic partnership with Manulife across a wide range of business types and global markets.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, announced today that Ruby Reinsurance Company (Ruby Re), a Missouri-domiciled third-party life reinsurance company, has successfully closed a second round of funding, raising a total of $480 million in capital. The second round includes capital commitments from AllianceBernstein L.P. (AB) NYSE: ABNYSEAB)

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported third quarter net income available to RGA shareholders of $156 million, or $2.33 per diluted share, compared with $287 million, or $4.29 per diluted share, in the prior-year quarter. Adjusted operating income for the third quarter totaled $242 million, or $3.62 per diluted share, compared with $372 million, or $5.57 per diluted share, the year before. Adjusted operating income, excluding notable items for the third quarter totaled $410 million, or $6.13 per diluted share, compared with $372 million, or $5.57 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.03 per diluted share on net income available to RGA shareholders, and a favorable effect of $0.02 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release third quarter earnings on Thursday, October 31, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced it has reached an agreement with American National Insurance Company and its affiliates (collectively, “American National”) to reinsure a diversified block of life business through a coinsurance arrangement. Under the agreement, approximately $3.5 billion of American National’s statutory reserves will be transferred to subsidiaries of RGA. Policyholder service and support will remain with American National.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported second quarter net income available to RGA shareholders of $203 million, or $3.03 per diluted share, compared with $205 million, or $3.05 per diluted share, in the prior-year quarter. Adjusted operating income* for the second quarter totaled $365 million, or $5.48 per diluted share, compared with $297 million, or $4.40 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.06 per diluted share on net income available to RGA shareholders, and an adverse effect of $0.06 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release second quarter earnings on Thursday, August 1, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA) announced today that Axel André will join the company as Executive Vice President on June 24, 2024. Following a brief transition period, effective August 5, the company expects to name André Chief Financial Officer (CFO), the role currently held by Todd Larson. Larson will transition into the role of Special Advisor to the CEO and will serve in that capacity until his retirement on December 31, 2024.

Reinsurance Group of America, Incorporated (NYSERGA) will host a conference for institutional investors and analysts at The St. Regis in New York City on Thursday, June 13, 2024, from 8:30 a.m. to 11:00 a.m. Eastern time.

Reinsurance Group of America, Incorporated (NYSERGA) (the “Company”) announced today that it has priced an aggregate principal amount of $650 million of 5.750% senior notes due 2034 (the “Senior Notes”) pursuant to a public offering. The Company expects to use the net proceeds from the offering for general corporate purposes.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported first quarter net income available to RGA shareholders of $210 million, or $3.16 per diluted share, compared with $252 million, or $3.72 per diluted share, in the prior-year quarter. Adjusted operating income* for the first quarter totaled $401 million, or $6.02 per diluted share, compared with $349 million, or $5.16 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.07 per diluted share on net income available to RGA shareholders, and $0.01 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release first quarter earnings on Thursday, May 2, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the appointment of Alison Rand to its Board of Directors. Ms. Rand begins her service on April 1, 2024.

RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, and The Manufacturers Life Insurance Company (Manulife), a subsidiary of Manulife Financial Corporation, a leading international financial services group, announced today the completion of the largest universal life reinsurance transaction in the Canadian market to date. The coinsurance transaction will reinsure approximately CA$5.8 billion (US$4.4 billion) of reserves, accompanied by an equivalent asset transfer. This is the third large block reinsurance transaction between Manulife and RGA.

Reinsurance Group of America, Incorporated (NYSERGA) will host a conference for institutional investors and analysts at The St. Regis in New York City on Thursday, June 13, 2024, from 8:30 a.m. to 11:00 a.m. Eastern time.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported fourth quarter net income available to RGA shareholders of $158 million, or $2.37 per diluted share, compared with $291 million, or $4.30 per diluted share, in the prior-year quarter. Adjusted operating income* for the fourth quarter totaled $316 million, or $4.73 per diluted share, compared with $312 million, or $4.60 per diluted share, the year before. Adjusted operating income, excluding notable items* for the fourth quarter, totaled $316 million, or $4.73 per diluted share, compared with $266 million, or $3.91 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.01 per diluted share on net income available to RGA shareholders, and a favorable effect of $0.04 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) today announced it has executed an asset-intensive reinsurance transaction in Continental Europe with the Belgian subsidiary of Baloise, one of the leading insurers in Belgium [Baloise Belgium NV].

Reinsurance Group of America, Incorporated (NYSERGA) has again been named to Fortune magazine’s 2024 list of the World’s Most Admired Companies.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, announced today a strategic investment and exclusive global life and health reinsurance partnership with DigitalOwl, an insurance technology company that utilizes advanced artificial intelligence to interpret and transform medical records into a comprehensive and interactive Digital Underwriting Abstract.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release fourth quarter earnings on Thursday, February 1, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, announced today the launch of Ruby Reinsurance Company (Ruby Re), a Missouri-domiciled third-party life reinsurance company targeting U.S. asset-intensive business. Ruby Re has closed its first round of funding and secured equity capital commitments from lead investors Golub Capital, Hudson Structured Capital Management Ltd. (doing its re/insurance business as HSCM Bermuda), and Sammons Financial Group.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported third quarter net income available to RGA shareholders of $287 million, or $4.29 per diluted share, compared with a net loss available to RGA shareholders of $76 million, or $1.13 per diluted share, in the prior-year quarter. Adjusted operating income* for the third quarter totaled $372 million, or $5.57 per diluted share, compared with $16 million, or $0.24 per diluted share, the year before. Adjusted operating income, excluding notable items for the third quarter, totaled $372 million, or $5.57 per diluted share, compared with $263 million, or $3.92 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.03 per diluted share on net income available to RGA shareholders, and $0.01 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced that it received the 2023 Outstanding Reinsurance Scheme Award from the Hong Kong Federation of Insurers and was named Life Reinsurer of the Year in the 27th Asia Insurance Industry Awards 2023, organized by Asia Insurance Review. RGA also won the Innovation of the Year award for its simplified issue expansion project (SEP) in South Korea, a market-first data-driven automated underwriting solution optimizing sales, risk management, and the customer journey.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, has been selected by the National Association of Corporate Directors (NACD) as the winner of the 2023 Diversity, Equity, and Inclusion Award in the Mid Cap, Public Company category.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release third quarter earnings on Thursday, November 2, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the appointment of Michele Bang to its Board of Directors. Ms. Bang began her service on October 1, 2023.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported second quarter net income available to RGA shareholders of $205 million, or $3.05 per diluted share, compared with $105 million, or $1.55 per diluted share, in the prior-year quarter. Adjusted operating income* for the second quarter totaled $297 million, or $4.40 per diluted share, compared with $316 million, or $4.67 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.04 per diluted share on net income available to RGA shareholders and $0.07 per diluted share on adjusted operating income as compared with the prior year.

The 59th Global Insurance Forum, presented by the International Insurance Society (IIS) and the Pacific Insurance Conference (PIC), will bring together insurance leaders from across the world at the Hilton Singapore Orchard on Nov. 5-7, 2023.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release second quarter earnings on Thursday, August 3, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA) (the “Company”) announced today that it has priced an aggregate principal amount of $400 million of 6.000% senior notes due 2033 (the “Senior Notes”) pursuant to a public offering. The Company expects to use the net proceeds from the offering, together with cash on hand, if necessary, to repay upon maturity its $400 million 4.70% senior notes due 2023, which mature on September 15, 2023, and the remainder, if any, for general corporate purposes.

Reinsurance Group of America, Incorporated (NYSERGA) will host a conference for institutional investors and analysts at The St. Regis in New York City on Thursday, June 15, 2023, from 8:30 a.m. to 11:30 a.m. Eastern time.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported first quarter net income available to RGA shareholders of $252 million, or $3.72 per diluted share, compared with $197 million, or $2.91 per diluted share, in the prior-year quarter. Adjusted operating income* for the first quarter totaled $349 million, or $5.16 per diluted share, compared with $283 million, or $4.18 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.14 per diluted share on net income available to RGA shareholders and $0.18 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release first quarter earnings on Thursday, May 4, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA) a leading global life and health reinsurer, today announced that it reached an agreement with Daido Life Insurance Company (Daido Life), a subsidiary of T&D Holdings, Inc. (T&D Holdings), to reinsure 153 Billion JPY of statutory reserves through coinsurance.

Reinsurance Group of America, Incorporated (NYSERGA) will host a conference for institutional investors and analysts at The St. Regis in New York City on Thursday, June 15, 2023, from 8:30 a.m. to 11:30 a.m. Eastern time.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported fourth quarter net income available to RGA shareholders of $204 million, or $3.02 per diluted share, compared with $156 million, or $2.30 per diluted share, in the prior-year quarter. Adjusted operating income* for the fourth quarter totaled $202 million, or $2.99 per diluted share, compared with adjusted operating loss of $38 million, or $0.56 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.42 per diluted share on net income available to RGA shareholders and $0.22 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) has been named to Fortune magazine’s 2023 list of the World’s Most Admired Companies.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release fourth quarter earnings on Thursday, February 2, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

The Board of Directors of Reinsurance Group of America, Incorporated (NYSERGA) announced today that Tony Cheng has been appointed to the role of President, effective January 4, 2023, succeeding Anna Manning, who remains Chief Executive Officer. Consistent with her long-held plans, Manning will retire from her role as Chief Executive Officer on December 31, 2023. The Board plans to appoint Cheng as Chief Executive Officer effective January 1, 2024. The Board has also appointed him to the Board of Directors effective immediately.

Reinsurance Group of America, Incorporated (NYSERGA) today announced that it has pledged $500,000 to 50 global charitable organizations in honor of the company’s 50th anniversary. Through the company and its non-profit foundation, RGA will distribute funds to organizations nominated by employees from its global offices, demonstrating the company’s ongoing commitment to the communities in which it operates.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the completion of a longevity reinsurance transaction with Cincinnati-based Western & Southern Financial Group (Western & Southern), a diversified family of financial services businesses and one of the strongest life insurance groups in the world. The US$ 1.7 billion longevity swap transaction covers approximately 11,000 single premium immediate annuity contracts.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, is partnering with The University of Leicester, U.K., to study and quantify how multiple rating factors and comorbidities affect one another, enabling the international scientific community to better understand a range of common and life-threatening diseases. This research, sponsored by RGA, is being conducted by The University of Leicester to reveal how lifestyle and wellness activities, such as physical activity, heart rate, cognitive function, and hours of sleep, predict health conditions, such as cancer, diabetes, cardiovascular health, and mortality.

Reinsurance Group of America, Incorporated (NYSERGA) (the “Company”) announced today that notice of redemption will be issued to the holders of all of its outstanding 6.20% Fixed-to-Floating Rate Subordinated Debentures due 2042 (CUSIP No. 759351 703 and ISIN US7593517037) (the “Debentures”). The Debentures are listed on the New York Stock Exchange under the symbol “RZA.”

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life and health reinsurance, reported third quarter net income available to RGA shareholders of $284 million, or $4.19 per diluted share, compared with net loss available to RGA shareholders of $22 million, or $0.32 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $352 million, or $5.20 per diluted share, compared with adjusted operating loss of $75 million, or $1.11 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.12 per diluted share on net income available to RGA shareholders and an adverse effect of $0.15 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) is revising its third quarter earnings conference call dial in information.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release third quarter earnings on Thursday, November 3, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA) (the “Company”) announced today that the previously announced cash tender offer (the “Offer”) by the Company for any and all of its outstanding 6.20% Fixed-to-Floating Rate Subordinated Debentures due 2042 (the “Debentures”), expired yesterday, September 22, 2022 at 5:00 p.m., New York City Time (the “Expiration Time”). The tender offer was made on the terms and subject to the conditions set forth in the Offer to Purchase, dated as of September 15, 2022 (the “Offer to Purchase”), the Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”), and the Letter of Transmittal dated as of September 15, 2022 (the “Letter of Transmittal”). The Offer to Purchase, the Notice of Guaranteed Delivery, and the Letter of Transmittal are referred to together as the “Offer Documents.”

Reinsurance Group of America, Incorporated (NYSERGA) (the “Company”) announced today that it has priced an aggregate principal amount of $700 million of 7.125% fixed-rate reset subordinated debentures due 2052 (the “2052 Debentures”) pursuant to a public offering. Wells Fargo Securities, LLC, BofA Securities, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and RBC Capital Markets, LLC are acting as the joint book-running managers for the offering, and KeyBanc Capital Markets Inc., Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc. are serving as co-managers.

Reinsurance Group of America, Incorporated (NYSERGA) (the “Company”) announced today that it has commenced a cash tender offer for any and all of its outstanding 6.20% Fixed-to-Floating Rate Subordinated Debentures due 2042 (the “Debentures”), on the terms and subject to the conditions set forth in the Offer to Purchase, dated as of September 15, 2022 (the “Offer to Purchase”), the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”), and the Letter of Transmittal dated as of September 15, 2022 (the “Letter of Transmittal”). The tender offer is referred to as the “Offer.” The Offer to Purchase, the Notice of Guaranteed Delivery, and the Letter of Transmittal are referred to collectively as the “Offer Documents.” Certain information regarding the Debentures and the pricing for the Offer is set forth in the table below.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the upcoming retirement of Board Chair J. Cliff Eason. Mr. Eason will retire from his position on December 31, 2022, and current Board Member Stephen T. O’Hearn will assume the role of Chair on January 1, 2023.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the launch of its inaugural environmental, social, and governance (ESG) report. The report from RGA reflects the company’s long-standing and growing commitment to sustainability, ethical governance, community support, and diversity, equity, and inclusion (DEI).

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life reinsurance, reported second quarter net income available to RGA shareholders of $198 million, or $2.92 per diluted share, compared with net income available to RGA shareholders of $344 million, or $5.02 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $391 million, or $5.78 per diluted share, compared with adjusted operating income of $274 million, or $4.00 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.08 per diluted share on net income available to RGA and an adverse effect of $0.16 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release second quarter earnings on Thursday, August 4, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the election of Khanh T. Tran to its Board of Directors. Mr. Tran will begin his service on July 1, 2022.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life reinsurance, reported first quarter net loss of $63 million, or $0.93 per diluted share, compared with net income of $139 million, or $2.03 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $32 million, or $0.47 per diluted share, compared with an adjusted operating loss of $84 million, or $1.24 per diluted share, the year before. Net foreign currency exchange rates had a favorable effect of $0.09 per diluted share on net loss and an immaterial effect on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release first quarter earnings on Thursday, May 5, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, announced today that it has made a strategic minority investment into the holding company of Velocity Capital Advisors LLC (“Velocity”) through a wholly-owned subsidiary. It has also entered into a long-term investment management agreement on behalf of one or more subsidiaries of RGA. Velocity, which has assets under management approaching $1.5 billion, provides cost effective, long-term capital to help sponsors of any fund type or sector enhance returns, optimize portfolio company balance sheets, or create liquidity for growth, succession planning or distributions. Velocity provides highly customized, non-dilutive debt and preferred equity financing solutions for a variety of alternative asset managers, including private equity funds, fund of funds, growth capital, hedge funds, venture capital, real estate, and credit-oriented strategies.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the completion of a longevity reinsurance transaction with NN Life, the largest life insurance company in the Netherlands. The reinsurance transaction covers approximately €4 billion of underlying reserves.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life reinsurance, reported fourth quarter net income of $156 million, or $2.30 per diluted share, compared with net income of $132 million, or $1.94 per diluted share, in the prior-year quarter. Adjusted operating loss* totaled $38 million, or $0.56 per diluted share, compared with adjusted operating income of $81 million, or $1.19 per diluted share, the year before. Adjusted operating loss excludes the impacts of the release of an uncertain tax liability and related interest expense. Net foreign currency fluctuations had an adverse effect of $0.02 per diluted share on net income and $0.01 per diluted share on adjusted operating loss as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the launch of its FAC Optimization solution featuring Amazon Textract, a machine learning service from Amazon Web Services (AWS) that uses optical character recognition (OCR) to extract text, handwriting, and data from scanned documents. By integrating machine learning, state-of-the-art OCR, and natural language processing (NLP) technology into the underwriting process, RGA is continuing to find ways to innovate underwriting and risk selection by augmenting its already industry-leading facultative underwriting process.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release fourth quarter earnings on Thursday, February 3, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the election of George Nichols III to its Board of Directors. Mr. Nichols will begin his service on January 1, 2022.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global life and health reinsurer, today announced the completion of a longevity reinsurance transaction with Aegon, one of the world’s leading financial services organizations, providing life insurance, pensions, and asset management. The reinsurance transaction covers an in-force portfolio of its Dutch business with approximately €7 billion of underlying reserves.

Reinsurance Group of America, Incorporated (NYSERGA) will host a virtual livestream conference for institutional investors and analysts on Thursday, December 9, 2021 from 8:30 a.m. to 11 a.m. Eastern time.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life reinsurance, reported a third quarter net loss of $22 million, or $0.32 per diluted share, compared with net income of $213 million, or $3.12 per diluted share, in the prior-year quarter. Adjusted operating loss* totaled $75 million, or $1.11 per diluted share, compared with adjusted operating income of $239 million, or $3.51 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.06 per diluted share on net loss and $0.08 per diluted share on adjusted operating loss as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release third quarter earnings on Thursday, November 4, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA) a leading global life and health reinsurer, today announced the launch of FAC Exchange, through which carriers can electronically send facultative cases to multiple reinsurers from a single point, and reinsurers can send quotes using an industry standardized format.

Reinsurance Group of America, Incorporated (NYSERGA) a leading global life and health reinsurer, today announced the completion of a longevity reinsurance transaction with Athora Netherlands, a leading pension provider in the Dutch market. The reinsurance transaction covers an inforce portfolio of approximately 46 thousand individual annuity polices written by Athora in the Netherlands with total reserves of approximately EUR 3.3 bln. Under this reinsurance agreement, the longevity risk is transferred to RGA over the full remaining term of the underlying portfolio.

Reinsurance Group of America, Incorporated (NYSERGA), a leading global provider of life reinsurance, reported second quarter net income of $344 million, or $5.02 per diluted share, compared with $158 million, or $2.48 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $274 million, or $4.00 per diluted share, compared with $87 million, or $1.36 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.16 per diluted share on net income and $0.12 per diluted share on adjusted operating income as compared with the prior year.

Reinsurance Group of America, Incorporated (NYSERGA) will host a virtual livestream conference for institutional investors and analysts on Thursday, December 9, 2021 from 8:30 a.m. to 11 a.m. Eastern time.

Reinsurance Group of America, Incorporated (NYSERGA) plans to release second quarter earnings on Tuesday, August 3, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s website, www.rgare.com.

Reinsurance Group of America, Incorporated (NYSERGA) a leading global life, annuity, and health reinsurer, today announced the completion of an annuity reinsurance transaction with Modern Woodmen of America (Modern Woodmen), a member-owned fraternal financial services organization. Under the agreement, an RGA subsidiary will reinsure a seasoned block of U.S. annuity business. Modern Woodmen will continue to service and administer the contracts.

Reinsurance Group of America, Incorporated (NYSERGA) a leading global life and health reinsurer, today announced that it reached an agreement with The Dai-ichi Life Insurance Company, Limited to reinsure 200 billion JPY of statutory reserves through coinsurance. The effective date of the transaction was March 31, 2021.