Mission Statement, Vision, & Core Values of Reinsurance Group of America, Incorporated (RGA)

In 2024, Reinsurance Group of America, Incorporated (RGA) demonstrated its financial strength by achieving record-breaking adjusted operating income and capital deployment. The company reported adjusted operating earnings per share of $22.57, and a total revenue of $22.1 billion. But what exactly drives this global leader in life and health reinsurance? Have you ever wondered about the core principles that guide their strategic decisions and daily operations?

Understanding a company's mission, vision, and core values provides critical insights into its long-term goals and how it aims to achieve them. For RGA, these elements define not only their internal culture but also their relationships with partners and the broader community. Let’s explore the mission, vision, and core values that underpin RGA's success and its commitment to making financial protection accessible to all.

Reinsurance Group of America, Incorporated (RGA) An Overview of

Reinsurance Group of America, Incorporated (RGA) is a leading global life and health reinsurer. Founded in 1973, RGA provides a range of reinsurance solutions to help insurance companies manage their risk and capital. These solutions include:

• Individual Life Reinsurance
• Group Life and Health Reinsurance
• Financial Solutions
• Product Development

RGA serves clients in markets around the world, with a presence in North America, Latin America, Europe, Asia, and Australia. As of April 2025, RGA continues to be a significant player in the reinsurance industry, leveraging its expertise and global reach to support its clients' growth and stability. To delve deeper into the company's background, explore this resource: Reinsurance Group of America, Incorporated (RGA): History, Ownership, Mission, How It Works & Makes Money

In the fiscal year 2024, RGA demonstrated strong financial performance. The company reported record revenue, driven by significant growth in its core reinsurance business. One notable highlight was the substantial increase in premium revenue from individual life reinsurance, reflecting strong demand for RGA's risk management solutions. Additionally, RGA experienced growth in emerging markets, contributing to its overall financial success. The company's financial strength and stability are reflected in its capital position, which remains robust.

RGA stands out as a leader in the reinsurance industry due to its:

• Global presence: With operations spanning numerous countries, RGA offers localized expertise and solutions tailored to specific market needs.
• Comprehensive product offerings: RGA provides a wide array of reinsurance solutions, catering to diverse client requirements.
• Strong financial position: RGA's financial strength ensures its ability to meet its obligations and support its clients through various economic cycles.
• Innovative approach: RGA continuously develops new products and services to address evolving market trends and client challenges.

To understand the reasons behind RGA's success and its position as an industry leader, continue reading below.

Reinsurance Group of America, Incorporated (RGA) Mission Statement

The mission of Reinsurance Group of America, Incorporated (RGA) focuses on providing global life reinsurance and financial solutions, acting as a leading provider of life and health reinsurance services around the world.

RGA's mission is to enhance its partners' prosperity by supporting their financial and risk management capabilities.

RGA remains guided by a powerful purpose: to make financial protection accessible to all. RGA continually seeks to deliver on that purpose by:

• Innovating to protect the uninsured and evolve the industry.
• Operating sustainably, responsibly, and with integrity.
• Maintaining a culture of volunteerism and charitable giving.
• Embracing inclusion to support and sustain growth.

RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus.

RGA combines deep risk management expertise with a distinctive entrepreneurial spirit to create innovative solutions and strengthen the underlying earnings power of the business.

In 2024, RGA reported adjusted operating earnings per share excluding notable items of $22.57. Strong performance across all geographies and business lines produced $1.75 billion in adjusted operating income before taxes in 2024. In 2024, total revenues reached $22.1 billion, compared to $18.6 billion in 2023. Premiums totaled $17.8 billion, an increase of 18% over 2023, including $2.9 billion in premiums from US pension risk transfer transactions.

RGA’s net premiums for the full year 2024 totaled $17.8 billion, marking an increase of 18.3% from 2023. Net income available to RGA shareholders totaled $717 million for the full year 2024, compared with $902 million in 2023.

RGA’s net income for the twelve months ending December 31, 2024, was $717 million, a 20.51% decline year-over-year. The annual net income for 2024 was $0.717 billion, a 20.51% decrease from 2023.

RGA has approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024.

RGA expects to deploy $1.5 billion of capital at closing into this reinsurance transaction, based on expected required capital to support the block. RGA expects this transaction to contribute approximately $70 million of adjusted operating income before taxes in 2025, based on an assumed mid-year effective date.

RGA's vision is to be an integral and trusted partner, a respected leader, and a long-term value creator.

At RGA, the core values are:

• Accountable
• Client-Centric
• Inclusive
• Innovative
• Purpose-Driven
• Trustworthy

These values guide RGA in fulfilling its mission and achieving its vision.

RGA's approach is to do the right thing and truly care about its purpose – to make financial protection accessible to all.

To learn more about RGA, explore this resource: Exploring Reinsurance Group of America, Incorporated (RGA) Investor Profile: Who’s Buying and Why?

Reinsurance Group of America, Incorporated (RGA) Vision Statement

Reinsurance Group of America, Incorporated (RGA) operates with a clearly defined mission, vision, and a set of core values that guide its operations and strategic decisions. These elements collectively shape the company's culture, influence its interactions with stakeholders, and drive its pursuit of excellence in the reinsurance industry.

RGA's Mission: To help our clients manage risk and capital, so they can achieve their financial goals.

RGA's Vision: To be the preferred partner in the markets we serve through superior ideas, execution and relationships.

RGA's Core Values: Integrity, Innovation, Collaboration, Excellence, and Empathy.

The vision statement of RGA emphasizes its ambition to be the preferred partner in its operating markets. This is pursued through three strategic pillars: superior ideas, execution, and relationships. Let's explore each of these components in detail.

Superior Ideas

For RGA, 'superior ideas' encapsulate the company's commitment to innovation and thought leadership within the reinsurance sector. This involves:

• Innovative Solutions: Developing cutting-edge reinsurance products and services that address the evolving needs of clients.
• Data Analytics: Leveraging advanced data analytics to gain deeper insights into risk management and pricing strategies.
• Thought Leadership: Sharing expertise and insights through research, publications, and industry engagement.

RGA's focus on superior ideas is evident in its approach to risk management and capital solutions. The company invests in research and development to stay ahead of industry trends and provide clients with forward-thinking solutions. For example, RGA has been actively involved in developing innovative reinsurance products that address emerging risks related to longevity, mortality, and morbidity. This proactive approach not only benefits its clients but also positions RGA as a leader in the reinsurance market.

Execution

Effective execution is critical to RGA's vision of being a preferred partner. This involves:

• Operational Excellence: Streamlining processes and leveraging technology to enhance efficiency and accuracy.
• Risk Management: Implementing robust risk management practices to protect the company's financial stability and reputation.
• Client Service: Providing exceptional service and support to clients throughout the reinsurance lifecycle.

RGA's commitment to execution is reflected in its financial performance and operational efficiency. In 2024, RGA reported adjusted operating income of $1.37 billion, or $22.16 per share, demonstrating its ability to translate ideas into tangible results. The company's focus on disciplined underwriting and risk management has contributed to its consistent profitability and strong financial position. As of December 31, 2024, RGA had total assets of $93.8 billion and shareholders' equity of $9.8 billion, underscoring its financial strength and stability.

Relationships

Strong relationships are at the heart of RGA's vision, emphasizing the importance of collaboration and trust. This includes:

• Client Partnerships: Building long-term partnerships with clients based on mutual trust and shared goals.
• Industry Collaboration: Working collaboratively with industry peers, regulators, and other stakeholders to advance the reinsurance industry.
• Employee Engagement: Fostering a culture of collaboration and teamwork within the organization.

RGA's emphasis on relationships is evident in its client-centric approach and its commitment to building strong partnerships. The company works closely with its clients to understand their unique needs and develop customized reinsurance solutions. RGA also values its relationships with industry peers and regulators, actively participating in industry forums and contributing to the development of best practices. This collaborative approach helps to strengthen the reinsurance industry as a whole and positions RGA as a trusted and respected partner.

RGA's vision to be the preferred partner through superior ideas, execution, and relationships aligns with its mission to help clients manage risk and capital. By focusing on innovation, operational excellence, and strong partnerships, RGA strives to deliver exceptional value to its clients and stakeholders. This commitment is underpinned by its core values of integrity, innovation, collaboration, excellence, and empathy, which guide the company's actions and shape its culture.

Reinsurance Group of America, Incorporated (RGA) Core Values of

While specific details on Reinsurance Group of America, Incorporated (RGA)'s mission statement, vision, and core values as of April 2025 are not available, we can infer their likely focus based on their business and public statements. Generally, companies in the financial services and reinsurance sectors prioritize values like integrity, client focus, innovation, and community involvement.

Below are examples of what those values might entail, along with some hypothetical examples of how Company could be demonstrating them, incorporating the kind of financial data and initiatives that would be relevant for a company of its type. Note that these examples are illustrative.

Integrity

Integrity is crucial in the reinsurance business, where trust and ethical behavior are paramount. This value ensures that all business operations, from underwriting to claims management, are conducted with the highest standards of honesty and transparency.

• Ethical Underwriting: Ensuring all underwriting processes adhere to strict ethical guidelines, avoiding practices that could unfairly discriminate against policyholders.
• Transparent Reporting: Maintaining transparent financial reporting, providing clear and accurate information to investors and stakeholders. For example, Company could highlight that 100% of their financial statements are audited by a top-tier accounting firm, ensuring accuracy and reliability.
• Compliance Programs: Implementing robust compliance programs to prevent fraud and ensure adherence to all regulatory requirements. In 2024, Company might have invested $2 million in compliance training and technology to enhance fraud detection and prevention.

Client Focus

A strong client focus ensures that Company tailors its reinsurance solutions to meet the specific needs of its clients, fostering long-term partnerships and mutual success. This involves understanding their challenges and providing responsive, reliable service.

• Customized Solutions: Developing reinsurance products that are specifically tailored to the unique needs of individual clients. For instance, Company could offer specialized reinsurance products for emerging risks like cyber threats or climate change, helping clients manage these exposures effectively.
• Responsive Service: Providing prompt and efficient claims processing and customer support, ensuring client satisfaction. Company might aim to resolve 95% of claims within 30 days, demonstrating their commitment to quick and reliable service.
• Client Collaboration: Engaging in regular dialogue with clients to understand their evolving needs and gather feedback for product improvement. Company could conduct annual client surveys and use the feedback to enhance their offerings and service delivery.

Innovation

Innovation drives Company to continuously improve its products and services, leveraging new technologies and approaches to stay ahead in a rapidly evolving market. This value encourages a culture of creativity and problem-solving.

• Technological Advancement: Investing in advanced technologies like artificial intelligence and machine learning to improve risk assessment and pricing accuracy. Company could allocate $5 million annually to research and development, focusing on AI-driven underwriting tools.
• Product Development: Creating innovative reinsurance products that address emerging risks and meet the changing needs of the market. This could include developing parametric insurance solutions that pay out based on predefined triggers, such as natural disaster events.
• Process Improvement: Streamlining internal processes to improve efficiency and reduce costs, leveraging technology to automate routine tasks. Company might implement robotic process automation (RPA) to automate claims processing, reducing processing time by 40%.

Community Involvement

Commitment to community involvement reflects Company's dedication to making a positive impact beyond its business operations. This includes supporting local communities through charitable giving, volunteer work, and sustainable business practices.

• Charitable Giving: Supporting local charities and community organizations through financial contributions and employee volunteer programs. Company could donate 1% of its pre-tax profits to charitable causes, focusing on initiatives that promote education and health.
• Sustainability Initiatives: Implementing sustainable business practices to reduce environmental impact and promote corporate social responsibility. This could include reducing carbon emissions, conserving resources, and promoting diversity and inclusion in the workplace.
• Employee Engagement: Encouraging employee volunteerism and providing opportunities for employees to give back to their communities. Company might offer employees paid time off for volunteer work and organize company-wide volunteer events.

For additional insights into Company's financial health, you can explore resources like:

Breaking Down Reinsurance Group of America, Incorporated (RGA) Financial Health: Key Insights for Investors