Reinsurance Group of America Incorporated Stock Price Today (RGA) (RZB)
2023.02.24 15:20
Incorporated Reinsurance Group of America (RGA) (RZB) is a holding company for a global life and health reinsurance company based in Chesterfield, Missouri, United States, in the western suburb of Greater St. Louis. RGA has grown to become the only international company that focuses primarily on life and health-related reinsurance. As of December 31, 2021, the company had assets of $92.2 billion and approximately $3.5 trillion in life reinsurance in force.
The predecessor to RGA was General American Reinsurance, a reinsurance division established in 1973 by General American Life Insurance Company (RGA, RZB). Life reinsurance was worth $114.7 billion to GA’s reinsurance division by 1993. Through the acquisition of National Reinsurance of Canada’s life reinsurance business, General American established its first international office as General American Life Reinsurance Company of Canada. After RGA’s initial public offering (IPO), the Canadian company changed its name to RGA Life Reinsurance Company of Canada.
Reinsurance Group of America, Incorporated (RGA) (RZB) was established in 1992 in the state of Missouri as a holding company for GA’s reinsurance operations in the United States and Canada. In 1993, RGA had an initial public offering (IPO) on the New York Stock Exchange (NYSE: RGA), with General American keeping 65 percent of the company.
After eight years of ownership, MetLife spun off RGA to become a fully independent business after acquiring General American in 2000, including its interest in the company.
