Reinsurance Group of America, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Reinsurance Group of America, Inc. has submitted its 2023 annual report (10-K), detailing its financial performance and operations for the fiscal year ending December 31, 2023.</b>

AI Summary

REINSURANCE GROUP OF AMERICA INC (RZC) filed a Annual Report (10-K) with the SEC on February 26, 2024. Reinsurance Group of America, Inc. (RGA) filed its annual report for the fiscal year ending December 31, 2023. The filing is a Form 10-K, providing a comprehensive overview of the company's financial performance and condition. The report covers the fiscal periods from January 1, 2023, to December 31, 2023, and comparative data for prior years. RGA is incorporated in Missouri and operates within the Life Insurance industry (SIC code 6311). The company's principal business address is 16600 Swingley Ridge Road, Chesterfield, MO 63017.

Why It Matters

For investors and stakeholders tracking REINSURANCE GROUP OF AMERICA INC, this filing contains several important signals. This 10-K filing provides investors and analysts with crucial, audited financial data for RGA, enabling assessment of its profitability, solvency, and strategic direction over the past fiscal year. The detailed information within the report is essential for understanding RGA's market position, operational risks, and future outlook within the competitive reinsurance industry.

Risk Assessment

Risk Level: low — REINSURANCE GROUP OF AMERICA INC shows low risk based on this filing. The risk is low as this is a standard annual filing (10-K) that provides a comprehensive overview of the company's financial health and operations, rather than signaling immediate adverse events.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to assess RGA's performance and identify any emerging trends or potential challenges in the reinsurance market.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-26 — Filing Date (Date the report was filed)
• 2023-01-01 — Fiscal Year Start (Reporting period)
• 2022-12-31 — Prior Year End (Comparative period)

Key Players & Entities

• REINSURANCE GROUP OF AMERICA INC (company) — Filer name
• RGA (company) — Ticker symbol reference
• 10-K (document) — Filing type
• 2023-12-31 (date) — Fiscal year end
• 2024-02-26 (date) — Filing date
• Chesterfield, MO (location) — Business address city and state
• 63017 (postal_code) — Business address zip code
• 6367367000 (phone_number) — Business phone number

FAQ

Key Dates

• 2024-02-26: Filing of 2023 Form 10-K — Official submission of the company's annual financial and operational report.
• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 2023 Form 10-K.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 RGA New York Stock Exchange 5.75% Fixe

Filing Documents

• rga-20231231.htm (10-K) — 9481KB
• a202310-kex103.htm (EX-10.3) — 14KB
• a202310-kex106.htm (EX-10.6) — 72KB
• a202310-kex211.htm (EX-21.1) — 35KB
• a202310-kex231.htm (EX-23.1) — 3KB
• a202310-kex241.htm (EX-24.1) — 39KB
• a202310-kex311.htm (EX-31.1) — 11KB
• a202310-kex312.htm (EX-31.2) — 11KB
• a202310-kex321.htm (EX-32.1) — 7KB
• a202310-kex322.htm (EX-32.2) — 8KB
• a202310-kex97.htm (EX-97) — 44KB
• rga-20231231_g1.jpg (GRAPHIC) — 122KB
• 0000898174-24-000048.txt (&nbsp;) — 50249KB
• rga-20231231.xsd (EX-101.SCH) — 169KB
• rga-20231231_cal.xml (EX-101.CAL) — 146KB
• rga-20231231_def.xml (EX-101.DEF) — 1304KB
• rga-20231231_lab.xml (EX-101.LAB) — 2094KB
• rga-20231231_pre.xml (EX-101.PRE) — 1813KB
• rga-20231231_htm.xml (XML) — 12974KB

BUSINESS

Item 1. BUSINESS A. Overview Reinsurance Group of America, Incorporated ("RGA") is an insurance holding company that was formed on December 31, 1992. The consolidated financial statements herein include the assets, liabilities, and results of operations of RGA and its subsidiaries, all of which are wholly owned, and is referred to as the "Company", "we", "us" and "our" in this Annual Report on Form 10-K. In the first quarter of 2023, the Company adopted Accounting Standards Update ("ASU"): ASU 2018-12, Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts ("ASU 2018-12"). ASU 2018-12 updates certain requirements for the accounting for long-duration contracts. See Note 3 – "Impact of New Accounting Standard" in the Notes to Consolidated Financial Statements for additional information. The Company is a leading global provider of traditional life and health reinsurance and financial solutions with operations in the U.S., Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia. Reinsurance is an arrangement under which an insurance company, the "reinsurer," agrees to indemnify another insurance company, the "ceding company," for all or a portion of the insurance and/or investment risks underwritten by the ceding company. Reinsurance is designed to: i. reduce the net amount at risk on individual risks, thereby enabling the ceding company to increase the volume of business it can underwrite, as well as increase the maximum risk it can underwrite on a single risk; ii. enhance the ceding company's financial strength and surplus position; iii. stabilize operating results by leveling fluctuations in the ceding company's loss experience; and iv. assist the ceding company in meeting applicable regulatory requirements. The Company has the following geographic-based and business-based operational segments: U.S. and Latin America; Canada; Europe, Middle East and Africa ("EMEA"); Asia Pacifi

View Full Filing

View this 10-K filing on SEC EDGAR