8-K
REINSURANCE GROUP OF AMERICA INC false 0000898174 0000898174 2024-03-29 2024-03-29 0000898174 rga:CommonStockOutstandingMember 2024-03-29 2024-03-29 0000898174 rga:M5.75FixedToFloatingRateSubordinatedDebenturesDue2056Member 2024-03-29 2024-03-29 0000898174 rga:M7.125FixedRateResetSubordinatedDebenturesDue2052Member 2024-03-29 2024-03-29

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 29, 2024

 

 

REINSURANCE GROUP OF AMERICA, INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Missouri   1-11848   43-1627032

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

16600 Swingley Ridge Road, Chesterfield, Missouri 63017

(Address of Principal Executive Offices, and Zip Code)

Registrant’s telephone number, including area code: (636) 736-7000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, par value $0.01   RGA   New York Stock Exchange
5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056   RZB   New York Stock Exchange
7.125% Fixed-Rate Reset Subordinated Debentures due 2052   RZC   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

 Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 


Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 29, 2024, the Board of Directors (the “Board”) of Reinsurance Group of America, Incorporated (the “Company”) appointed Alison Rand to the Board, effective as of April 1, 2024, for a term of office ending at the 2024 annual meeting of shareholders, or until her successor is duly elected and qualified. The addition of Ms. Rand increases the size of the Board to twelve directors.

Ms. Rand, 56, was Executive Vice President and Chief Financial Officer of Primerica, Inc. from 2000 until December 2023. She retired from Primerica on April 1, 2024. She oversaw all aspects of Primerica’s finance, accounting and treasury functions, including tax, financial reporting and analysis, capital management and investor relations. Ms. Rand worked in the Audit department of KPMG LLP prior to joining Primerica in 1995. Ms. Rand also serves on the boards of directors of Regions Financial Corporation and its subsidiary, Regions Bank, as well as on several nonprofit and advisory boards.

The Company is not aware of any transactions, proposed transactions, or series of either to which the Company or any of its subsidiaries was or is to be a participant since January 1, 2023, in which the amount involved exceeds $120,000 and in which Ms. Rand had, or will have, a direct or indirect material interest.

There are no arrangements or understandings between Ms. Rand and any other person pursuant to which she was appointed as a director. Ms. Rand will participate in the non-employee director compensation arrangements established by the Company for non-employee directors, as described under “Board of Directors – Director Compensation” in the Company’s proxy statement dated April 13, 2023, for its 2023 annual meeting of shareholders. Ms. Rand has not yet been named to any committees of the Board.

 

Item 7.01

Regulation FD Disclosure.

The Company issued a press release (the “Press Release”) announcing the appointment of Ms. Rand to the Board, a copy of which is furnished with this report as Exhibit 99.1. The information set forth in this Item 7.01, including the Press Release, is being furnished and shall not be deemed to be “filed”, as described in Instruction B.2 of Form 8-K.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

99.1    Press Release of Reinsurance Group of America, Incorporated dated April 1, 2024
EX-104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

REINSURANCE GROUP OF AMERICA,

INCORPORATED

Date: April 1, 2024     By:  

/s/ Todd C. Larson

      Todd C. Larson
      Senior Executive Vice President and
Chief Financial Officer
EX-99.1

Exhibit 99.1

 

LOGO

REINSURANCE GROUP OF AMERICA APPOINTS

NEW MEMBER TO BOARD OF DIRECTORS

ST. LOUIS, April 1, 2024 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the appointment of Alison Rand to its Board of Directors. Ms. Rand begins her service on April 1, 2024.

“Throughout Alison’s tenure as an executive leader, she has been a driving force behind achieving financial excellence and fostering investor trust,” said Tony Cheng, President and CEO, RGA. “Her expertise as a former chief financial officer, combined with her background in corporate finance and risk management, will be pivotal as we execute on our enterprise strategy and continue our trajectory of growth and success.”

“Alison’s comprehensive knowledge, spanning investor relations, strategic planning, and risk management, complements her proficiency in cultivating organizational resilience and strong board relations,” said Stephen O’Hearn, Chair of the Board of Directors, RGA. “Her decades of experience in leadership in the North American insurance market will strengthen our Board, and we are thrilled Alison will be joining us.”

Ms. Rand is the retired Chief Financial Officer for Primerica, an insurance, investment, and financial services distribution firm with more than 140,000 independent agents in the U.S. and Canada. Ms. Rand joined Primerica in 1995 and was named Executive Vice President and Chief Financial Officer in 2000. Notably, Ms. Rand led Primerica’s IPO in 2010, which was recognized as one of the first and most successful IPOs after the 2008 financial crisis.

Ms. Rand is an Independent Director of Regions Financial Corporation and a member of the Board’s Audit and Technology Committees. She graduated from the University of Florida with a B.S. in accounting and is a certified public accountant. She is a member of the university’s National Foundation Board and formerly served as the Audit Committee Chair. She currently serves as Vice Chair of the Dean’s Advisory Council at the University of Florida Warrington College of Business.


About RGA

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately $3.7 trillion of life reinsurance in force and assets of $97.6 billion as of Dec. 31, 2023. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at investor.rgare.com.

###

FOR MORE INFORMATION: Lynn Phillips

Vice President, Corporate Communications

636-736-2351

lphillips@rgare.com

Lizzie Curry

Executive Director, Public Relations

636-736-8521

lizzie.curry@rgare.com

Jeff Hopson

Senior Vice President, Investor Relations

636-736-2068

jhopson@rgare.com