Reinsurance Group of America Management
Management criteria checks 2/4
Reinsurance Group of America's CEO is Tony Cheng, appointed in Jan 2023, has a tenure of 1.92 years. total yearly compensation is $6.51M, comprised of 11.5% salary and 88.5% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth €4.33M. The average tenure of the management team and the board of directors is 2.9 years and 4 years respectively.
Key information
Tony Cheng
Chief executive officer
US$6.5m
Total compensation
| CEO salary percentage | 11.5% |
| CEO tenure | 1.9yrs |
| CEO ownership | 0.03% |
| Management average tenure | 2.9yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$727m |
| Jun 30 2024 | n/a | n/a | US$858m |
| Mar 31 2024 | n/a | n/a | US$860m |
| Dec 31 2023 | US$7m | US$749k | US$902m |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$672m |
| Mar 31 2023 | n/a | n/a | US$572m |
| Dec 31 2022 | US$3m | US$639k | US$517m |
| Sep 30 2022 | n/a | n/a | US$382m |
| Jun 30 2022 | n/a | n/a | US$436m |
| Mar 31 2022 | n/a | n/a | US$675m |
| Dec 31 2021 | US$2m | US$612k | US$1b |
| Sep 30 2021 | n/a | n/a | US$593m |
| Jun 30 2021 | n/a | n/a | US$828m |
| Mar 31 2021 | n/a | n/a | US$642m |
| Dec 31 2020 | US$2m | US$610k | US$415m |
| Sep 30 2020 | n/a | n/a | US$518m |
| Jun 30 2020 | n/a | n/a | US$568m |
| Mar 31 2020 | n/a | n/a | US$612m |
| Dec 31 2019 | US$3m | US$580k | US$870m |
Compensation vs Market: Tony's total compensation ($USD6.51M) is above average for companies of similar size in the German market ($USD4.83M).
Compensation vs Earnings: Tony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Tony Cheng (50 yo)
1.9yrs
Tenure
US$6,512,894
Compensation
Mr. Tony Cheng, FSA, FCIA, FIAA, is Chief Executive Officer of Reinsurance Group of America, Incorporated of RGA Reinsurance Company since January 01, 2024 and is its President of Reinsurance Group of Amer...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.9yrs | US$6.51m | 0.034% € 4.3m | |
| Executive VP & Chief Investment Officer | 4.9yrs | US$4.24m | 0.0082% € 1.1m | |
| Special Advisor to the CEO | less than a year | US$4.89m | 0.074% € 9.5m | |
| Executive VP & Head of the Americas - RGA Reinsurance Company | 3.9yrs | US$3.10m | 0.0050% € 651.3k | |
| Executive VP & CFO | less than a year | no data | no data | |
| Executive VP & Chief Information Officer | 1.9yrs | no data | no data | |
| Senior Vice President of Investor Relations | 10.9yrs | no data | no data | |
| Executive VP | 13.9yrs | no data | 0.019% € 2.4m | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | 2.9yrs | no data | 0.0039% € 501.4k | |
| Executive VP & Global Chief Risk Officer | no data | no data | 0.012% € 1.5m | |
| VP, Chief Underwriter - U.S. Mortality Markets | no data | no data | no data |
2.9yrs
Average Tenure
54yo
Average Age
Experienced Management: RGPB's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.9yrs | US$6.51m | 0.034% € 4.3m | |
| Independent Director | 2.4yrs | US$303.95k | 0.0016% € 210.6k | |
| Independent Director | 8.2yrs | US$308.95k | 0.015% € 2.0m | |
| Independent Director | 2.9yrs | US$279.95k | 0.0036% € 461.3k | |
| Independent Director | 6.4yrs | US$303.95k | 0.014% € 1.9m | |
| Independent Director | 5.8yrs | US$292.45k | no data | |
| Independent Director | 3.8yrs | US$303.95k | 0.0052% € 677.1k | |
| Independent Director | 1.2yrs | US$67.50k | no data | |
| Independent Director | 5.2yrs | US$269.95k | 0.0016% € 210.6k | |
| Independent Director | less than a year | no data | 0.00089% € 115.0k | |
| Independent Director | 6.4yrs | US$303.95k | no data | |
| Independent Chairman | 4.2yrs | US$511.53k | no data |
4.0yrs
Average Tenure
62.5yo
Average Age
Experienced Board: RGPB's board of directors are considered experienced (4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 12:41 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Reinsurance Group of America, Incorporated is covered by 24 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Berg | Barclays |
| Jay Gelb | Barclays |
| Alex Scott | Barclays |