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Reinsurance Group of America, Incorporated · Chesterfield, MO United States ·(NYSE: RGA)

Company Description

1370 Timberlake Manor Pkwy.
Chesterfield, MO
63017
United States (Map)
Phone: 636-736-7000
Fax: 636-736-7100
Rankings
  • S&P 400
Holding company Reinsurance Group of America (RGA), one of the largest life reinsurers in the US, has more than the Americas covered. The company provides individual life, asset-intensive, critical illness, and financial reinsurance in North America through subsidiaries RGA Reinsurance and RGA Life Reinsurance of Canada. In Europe, RGA sells individual and group life insurance, primarily in Spain and the UK. RGA also operates reinsurance subsidiaries and branch offices in Asia, the Pacific region, and South Africa. Insurance giant MetLife held 52% of RGA until spinning it off in 2008. To read the full description, subscribe now.
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Key Reinsurance Group of America, Incorporated Financials

Company TypePublic - NYSE: RGA

Headquarters
Fiscal Year-EndDecember
2008 Sales (mil.)$5,681.2
2008 Employees1,222

Reinsurance Group of America, Incorporated Executives

36 executives listed for Reinsurance Group of America, Incorporated's Chesterfield, MO location.
TitleName & BioContact
President, CEO, and DirectorA. Greig WoodringNetwork
EVP and COO US Division, RGA Reinsurance CompanyMike SteinNetwork
SEVP and CFOJack LayNetwork

Competition

Competitive Landscape for Reinsurance Group of America, Incorporated
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.
Top Reinsurance Group of America, Incorporated Competitors
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