press release

Feb. 17, 2022, 8:01 a.m. EST

Reinsurance Group of America Announces Longevity Reinsurance Transaction With NN Life

AMSTERDAM, (BUSINESS WIRE) -- Reinsurance Group of America, Incorporated /zigman2/quotes/205081890/composite RGA +0.05% , 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.

“Across RGA, we pride ourselves on developing comprehensive and creative answers to our clients’ challenges while maintaining a competitive value proposition,” said Simon Wainwright, Executive Vice President, Head of EMEA, RGA. “Our recent work with NN Life was emblematic of this commitment, and we appreciated their partnership as we worked to develop a tailored solution for the needs of the Dutch market.”

The transaction was effective December 31, 2021. Additional terms of the transaction are not being disclosed.

About RGA

Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.5 trillion of life reinsurance in force and assets of $92.2 billion as of December 31, 2021. Founded in 1973, RGA is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about RGA and its businesses, visit the company’s website at www.rgare.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20220217005267/en/

SOURCE: Reinsurance Group of America, Incorporated

Lynn Phillips
Vice President, Corporate Communications
636-736-2351
lphillips@rgare.com Lizzie Curry
Director, Public Relations
636-736-8521
lizzie.curry@rgare.com Jeff Hopson
Senior Vice President, Investor Relations
636-736-2068
jhopson@rgare.com

COMTEX_402583234/2456/2022-02-17T08:00:41

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright Business Wire 2022

/zigman2/quotes/205081890/composite
US : U.S.: NYSE
$ 123.28
+0.06 +0.05%
Volume: 3,413
Sept. 26, 2022 9:39a
P/E Ratio
31.29
Dividend Yield
2.59%
Market Cap
$8.26 billion
Rev. per Employee
$4.63M
loading...

Comtex

Partner Center

Link to MarketWatch's Slice.