Last $76.98 USD
Change Today +0.98 / 1.29%
Volume 432.0K
RGA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 2:23 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

reinsurance group of america (RGA) Snapshot

Open
$75.67
Previous Close
$76.00
Day High
$77.14
Day Low
$75.53
52 Week High
09/9/14 - $84.45
52 Week Low
11/7/13 - $69.89
Market Cap
5.3B
Average Volume 10 Days
627.9K
EPS TTM
$7.58
Shares Outstanding
68.6M
EX-Date
08/6/14
P/E TM
10.2x
Dividend
$1.32
Dividend Yield
1.60%
Current Stock Chart for REINSURANCE GROUP OF AMERICA (RGA)

reinsurance group of america (RGA) Related Businessweek News

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reinsurance group of america (RGA) Details

Reinsurance Group of America, Incorporated is engaged in the life and health reinsurance business. Its life and health insurance products include 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. The company also develops and markets technology solutions for the insurance industry. It serves life insurance companies primarily in the United States, Canada, Europe, South Africa, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

1,890 Employees
Last Reported Date: 02/27/14
Founded in 1973

reinsurance group of america (RGA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $580.0K
Chief Operating Officer and Senior Executive ...
Total Annual Compensation: $513.3K
Senior Executive Vice President and Head of E...
Total Annual Compensation: $538.6K
Executive Vice President and Head of Asia Mar...
Total Annual Compensation: $454.7K
Compensation as of Fiscal Year 2013.

reinsurance group of america (RGA) Key Developments

Reinsurance Group of America, Incorporated Enters into a Credit Agreement

Reinsurance Group of America, Incorporated (RGA) entered into a credit agreement with a group of lenders named in the Credit Agreement. The Credit Agreement includes JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, Bank of America, N.A., U.S. Bank National Association and Wells Fargo Bank, National Association as Joint Syndication Agents and Barclays Bank PLC, HSBC Bank USA, National Association, KeyBank National Association, Mizuho Bank Ltd., Royal Bank of Canada, The Bank of Tokyo-Mitsubishi UFJ Ltd. and UBS AG, Stamford Branch as Co-Documentation Agents. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bank National Association and Wells Fargo Securities, LLC served as Co-Lead Arrangers and Joint Book Managers. Under the Credit Agreement, RGA may borrow and may obtain letters of credit for general corporate purposes for its own account or the account of its subsidiaries, in United States Dollars, Euros, British Sterling, Japanese Yen, Canadian Dollars or Hong Kong Dollars with an overall credit facility amount of up to $850.0 million. The Credit Agreement replaces the Credit Agreement, dated as of December 15, 2011, among RGA and a bank syndicate, which was scheduled to expire on December 15, 2015 and provided RGA and certain of its subsidiaries with the ability to borrow and obtain letters of credit in an aggregate amount of up to $850.0 million. On September 24, 2014, RGA had no borrowings outstanding under the Former Credit Agreement and approximately $61.2 million of letters of credit issued under the Former Credit Agreement. Those letters of credit are either being cancelled or replaced with letters of credit issued under the Credit Agreement. As of the date of this filing, no early termination penalties have been incurred by RGA in connection with the termination of the Former Credit Agreement. RGA may borrow, repay and reborrow amounts under the Credit Agreement from time to time until the expiration of the Credit Agreement on September 25, 2019, on which date all of the outstanding principal and accrued and unpaid interest will become due. The Credit Agreement may be increased, at RGA's election, to provide for up to an additional $150.0 million of borrowings and letters of credit under the terms set forth in the Credit Agreement. Voluntary prepayments and commitment reduction under the Credit Agreement are permitted at any time without fee upon proper notice and subject to a minimum dollar requirement.

Reinsurance Group of America Inc. Receives License from the China Insurance Regulatory Commission to Operate Branch Office in Shanghai, China

Reinsurance Group of America Inc. has received approval from the China Insurance Regulatory Commission (CIRC) of its application to operate a Branch Office in Shanghai, China. The Shanghai branch office will significantly increase RGA's presence in China and will permit it to provide a full range of services to insurers operating in this important and growing market. RGA has maintained a presence in China since 2005, when it received approval to open a representative office in Beijing. RGA will continue to maintain its representative office in Beijing.

Reinsurance Group of America, Incorporated Announces Completion of an Agreement with Delta Lloyd Levensverzekering N.V

Reinsurance Group of America, Incorporated announced the completion of an agreement whereby the company will provide longevity risk protection and capital benefit on reserves of approximately EUR 12 billion to Delta Lloyd Levensverzekering N.V. The transaction, with a duration of six years, is a liability replication derivative based on the Dutch population mortality results. It therefore does not directly reinsure the underlying business of Delta Lloyd, but it efficiently gives Delta Lloyd desired capital and risk management benefits.

 

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RGA

Industry Average

Valuation RGA Industry Range
Price/Earnings 8.7x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 8.4x
TEV/Sales 0.1x
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