Who Owns RGA?
RGA is the master brand of Reinsurance Group of America, Incorporated (NYSE: RGA), a publicly traded life and health reinsurance company headquartered in Chesterfield, Missouri. Founded in 1973 as a division of General American Life Insurance Company, the brand covers life and health reinsurance, longevity solutions, pension risk transfer, and capital solutions delivered to insurers in more than 35 countries. Parent FY2025 revenue was a record $23.7 billion.
Parent Company
Founded
1973
Status
Publicly Traded
Headquarters
GlobalOfficial Website
Who Owns RGA?
- Parent Company: Reinsurance Group of America, Incorporated
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: RGA
| Brand | Parent Company | Ownership Type |
|---|---|---|
| RGA | Reinsurance Group of America, Incorporated | Brand division |
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History of RGA
- Founded: 1973
- Founders: General American Life Insurance Company
The RGA brand traces to 1973, when General American Life Insurance Company entered its first life reinsurance arrangement in St. Louis, Missouri. The division hired its first salesperson in 1977 and adopted facultative underwriting in 1978 with a 24-hour service standard that set it apart in the market.
Greig Woodring joined as the division's first actuary in 1979 and later led the company as President and CEO for more than three decades. RGA Reinsurance Company, the flagship US operating entity, incorporated in 1981. The brand expanded internationally in the early 1980s through a retrocession partnership with Montreal-based St. Lawrence Re, beginning a partnership-led entry model it reused across markets.
Reinsurance Group of America, Incorporated formed as a Missouri holding company on December 31, 1992 and completed its IPO on the NYSE in May 1993. The separation proved well-timed: former parent General American suffered a liquidity crisis in 1999 and was acquired by MetLife in 2000, while RGA continued independently.
The brand added capabilities through the 2014 acquisition of Aurora National Life Assurance, the 2019 acquisition of Generali's UK life reinsurance book, and the 2021 acquisition of Hodge Life Assurance. In 2015 the company created RGAX as an innovation arm focused on insurtech incubation.
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FY2025 marked the brand's strongest year, with record total revenues of $23.7 billion and approximately $4.3 trillion of life reinsurance in force as of December 31, 2025.
About Reinsurance Group of America, Incorporated
What does Reinsurance Group of America do?
RGA provides life and health reinsurance, which is insurance sold to insurance companies. Client insurers cede part of the risk on their life, health, and annuity books to RGA in exchange for premiums. The company also offers financial solutions including pension risk transfer, longevity reinsurance, and capital solutions.
Is Reinsurance Group of America publicly traded?
Yes. RGA trades on the New York Stock Exchange under the ticker RGA and is a component of the S&P MidCap 400 index. It completed its initial public offering in May 1993.
Who is the CEO of RGA?
Tony Cheng has served as President and Chief Executive Officer since January 2024. He joined RGA in 1997 and previously led the company's Asia and EMEA businesses. He succeeded Anna Manning, who had been CEO since 2016.
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Where is RGA headquartered?
RGA is headquartered in Chesterfield, Missouri, a western suburb of St. Louis. The company was founded in St. Louis in 1973 as a division of General American Life Insurance Company.
What is RGA's revenue?
RGA reported record total revenues of $23.7 billion for fiscal year 2025, up about 7% from $22.1 billion in 2024. Net income was $1.18 billion and total assets reached $156.6 billion at year end.
Who owns RGA?
RGA is owned by public shareholders, with large institutional positions held by index fund managers including Vanguard and BlackRock. No single investor controls the company.
What brands does RGA own?
RGA operates primarily under the RGA master brand. Its subsidiaries include RGA Reinsurance Company, RGA Life Reinsurance Company of Canada, and RGAX, an innovation subsidiary formed in 2015.
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- Founded: 1973
- Headquarters: Chesterfield, Missouri, USA
- Company Type: Publicly Traded
- Stock: NYSE: RGA
- Revenue: $23.7 billion (FY2025)
- Employees: approximately 4,800
Where Is RGA Made / Based?
- Headquarters: Chesterfield, Missouri, USA
RGA Categories & Tags
RGA Sustainability & Ethics
RGA positions its work around a stated purpose of making financial protection accessible to all, framing life reinsurance as a mechanism that lets primary insurers cover underinsured populations.
The company publishes sustainability reporting covering its investment portfolio, workforce, and community programs, and the RGA Foundation supports health, education, and community initiatives in St. Louis and operating markets.
Sector-level scrutiny applies: regulators continue to examine asset-intensive reinsurance transactions and offshore arrangements used across the industry, and RGA participates in that debate through its financial solutions business.
Awards & Recognition
- Fortune 500: Parent company RGA ranks on the Fortune 500 by revenue.
- Efma-Accenture Innovation in Insurance Awards: RGA and RGAX subsidiary APEXA won gold for a digital contracting and compliance platform serving the Canadian life insurance market.
- Employer recognition: RGA has appeared on US News Best Companies to Work For rankings for finance and insurance.
RGA Ownership: Pros & Cons
Advantages
- +Backed by the only global reinsurer focused primarily on life and health risk
- +$4.3 trillion in-force book gives the brand unmatched mortality and morbidity data
- +Record FY2025 revenue of $23.7 billion and record adjusted operating income
- +Diversified client base across more than 35 countries
- +Longstanding facultative underwriting reputation with insurers
Considerations
- -Brand operates only in business-to-business reinsurance, with no consumer recognition
- -Earnings sensitivity to mortality and morbidity shocks across the in-force book
- -Interest rate exposure through the large investment portfolio
- -Regulatory scrutiny of asset-intensive reinsurance structures could raise capital costs
- -No property and casualty diversification to offset life-sector events
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Frequently Asked Questions About RGA
Sources & Further Reading
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Competitors to RGA
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Kkr | USA | 2004 | Niche leader | United states | All-ages | |
| Discovery Limited | United Kingdom | 2004 | Mass market | United kingdom | All Genders |
Learn More About Competitors
InsuranceGlobal Atlantic
Owned by KKR & Co. Inc.
Insurance and retirement products brand of KKR, offering life insurance, annuities, and reinsurance solutions as the permanent capital engine inside KKR's business.
life-insuranceannuitiesreinsurance
InsuranceVitality
Owned by Discovery Limited
UK health and life insurance brand owned by Discovery Limited, pairing cover with a behaviour-based wellness programme. Entered the UK as PruHealth in 2004 and rebranded as Vitality in 2014.
health-insurancelife-insurancewellness-programme
Competitive Analysis
Market Positioning: RGA competes with 2 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to RGA
Looking for brands with different ownership structures? These similar brands are not owned by Reinsurance Group of America, Incorporated, giving you alternative choices that support different corporate structures.
InsuranceChapter
Owned by Memoir, Inc. (Chapter)
Medicare navigation and advisory brand operated by Memoir, Inc., a private New York company valued at $3 billion in its April 2026 Series E round.
medicareinsurance-advisoryhealth-insurance
Privately Owned
Chapter is privately owned, unlike RGA which is under a publicly traded parent company.
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life-insurancejuvenile-insurancegrow-up-plan
Privately Owned
Gerber Life Insurance is privately owned, unlike RGA which is under a publicly traded parent company.
InsuranceHaven Life
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Former direct-to-consumer term life insurance brand launched by MassMutual in 2015 and wound down in 2024; existing policies remain serviced by MassMutual.
life-insuranceinsurtechterm-life
Privately Owned
Haven Life is privately owned, unlike RGA which is under a publicly traded parent company.
InsuranceMassMutual
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Life insurance, annuity, and wealth management brand of Massachusetts Mutual Life Insurance Company, a mutual insurer founded in 1851 and headquartered in Springfield, Massachusetts.
life-insuranceannuitieswealth-management
Privately Owned
MassMutual is privately owned, unlike RGA which is under a publicly traded parent company.
InsuranceMutual of Omaha
Owned by Mutual of Omaha Insurance Company
Policyholder-owned American insurance brand founded in 1909, best known for Medicare Supplement plans and the Mutual of Omaha's Wild Kingdom television franchise.
insurancemedicare-supplementlife-insurance
Privately Owned
Mutual of Omaha is privately owned, unlike RGA which is under a publicly traded parent company.
InsuranceNew York Life
Owned by New York Life Insurance Company
America's largest mutual life insurance brand, offering life insurance, annuities, and retirement income through a career agency force. Flagship of New York Life Insurance Company.
life-insuranceannuitiesmutual-insurance
Privately Owned
New York Life is privately owned, unlike RGA which is under a publicly traded parent company.
Reinsurance Group of America, Incorporated Stock Information
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