Reinsurance Group of America, Incorporated

NYSE:RGA Stock Report

Market Cap: US$13.7b

Reinsurance Group of America Management

Management criteria checks 3/4

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 $4.58M. 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 percentage11.5%
CEO tenure1.9yrs
CEO ownership0.03%
Management average tenure2.9yrs
Board average tenure4yrs

Recent management updates

Recent updates

Reinsurance Group of America, Incorporated's (NYSE:RGA) Shares Not Telling The Full Story

Dec 04
Reinsurance Group of America, Incorporated's (NYSE:RGA) Shares Not Telling The Full Story

Reinsurance Group of America: Best In Industry But High Valuation

Nov 20

Reinsurance Group of America (NYSE:RGA) Has Announced A Dividend Of $0.89

Nov 04
Reinsurance Group of America (NYSE:RGA) Has Announced A Dividend Of $0.89

Reinsurance Group of America's Rally Can Continue

Sep 17

Reinsurance Group of America, Incorporated (NYSE:RGA) Could Be Riskier Than It Looks

Aug 26
Reinsurance Group of America, Incorporated (NYSE:RGA) Could Be Riskier Than It Looks

Recent Dip A Buying Opportunity For Shares Of Reinsurance Group Of America

Aug 10

Reinsurance Group of America's (NYSE:RGA) Upcoming Dividend Will Be Larger Than Last Year's

Aug 05
Reinsurance Group of America's (NYSE:RGA) Upcoming Dividend Will Be Larger Than Last Year's

If EPS Growth Is Important To You, Reinsurance Group of America (NYSE:RGA) Presents An Opportunity

Jul 24
If EPS Growth Is Important To You, Reinsurance Group of America (NYSE:RGA) Presents An Opportunity

Reinsurance Group Of America: Favorable Tailwinds Can Support A Higher Valuation

May 29

Market Still Lacking Some Conviction On Reinsurance Group of America, Incorporated (NYSE:RGA)

May 22
Market Still Lacking Some Conviction On Reinsurance Group of America, Incorporated (NYSE:RGA)

With EPS Growth And More, Reinsurance Group of America (NYSE:RGA) Makes An Interesting Case

Apr 08
With EPS Growth And More, Reinsurance Group of America (NYSE:RGA) Makes An Interesting Case

Reinsurance Group of America: May Have An Upside, But It's Probably Slim

Mar 21

There's No Escaping Reinsurance Group of America, Incorporated's (NYSE:RGA) Muted Earnings

Feb 01
There's No Escaping Reinsurance Group of America, Incorporated's (NYSE:RGA) Muted Earnings

Reinsurance Group of America: Attractively Valued With Potential Life Expectancy Upside

Jan 04

Reinsurance Group Of American - Sup-Par Performance Since March, "BUY"

Oct 23

Reinsurance Group of America: Undervalued Wealth Compounder

Aug 01

Reinsurance Group of America: I'm Extending My Targets For Additional Upside

Feb 21

Reinsurance Group of America closes $1.7B longevity swap deal

Dec 15

Reinsurance Group of America upped to Outperform at RBC on earnings growth potential

Dec 06

Reinsurance Group of America to redeem debentures due 2042

Nov 10

Reinsurance Group of America: An Under-The-Radar Outperformer

Oct 04

Reinsurance Group of America Non-GAAP EPS of $5.78 beats by $3.00, revenue of $3.89B misses by $140M

Aug 04

Reinsurance Group Of America: Still Upside To Be Had

Jun 07

Reinsurance Group Of America Could See Upside In An Inflationary Environment

Apr 21

Reinsurance Group Of America: Why The Stock Is Still A Buy?

Feb 07

CEO Compensation Analysis

How has Tony Cheng's remuneration changed compared to Reinsurance Group of America's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$727m

Jun 30 2024n/an/a

US$858m

Mar 31 2024n/an/a

US$860m

Dec 31 2023US$7mUS$749k

US$902m

Sep 30 2023n/an/a

US$1b

Jun 30 2023n/an/a

US$672m

Mar 31 2023n/an/a

US$572m

Dec 31 2022US$3mUS$639k

US$517m

Sep 30 2022n/an/a

US$382m

Jun 30 2022n/an/a

US$436m

Mar 31 2022n/an/a

US$675m

Dec 31 2021US$2mUS$612k

US$1b

Sep 30 2021n/an/a

US$593m

Jun 30 2021n/an/a

US$828m

Mar 31 2021n/an/a

US$642m

Dec 31 2020US$2mUS$610k

US$415m

Sep 30 2020n/an/a

US$518m

Jun 30 2020n/an/a

US$568m

Mar 31 2020n/an/a

US$612m

Dec 31 2019US$3mUS$580k

US$870m

Compensation vs Market: Tony's total compensation ($USD6.51M) is below average for companies of similar size in the US market ($USD12.85M).

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

NamePositionTenureCompensationOwnership
Tony Cheng
President1.9yrsUS$6.51m0.034%
$ 4.6m
Leslie Barbi
Executive VP & Chief Investment Officer4.9yrsUS$4.24m0.0082%
$ 1.1m
Todd Larson
Special Advisor to the CEOless than a yearUS$4.89m0.074%
$ 10.1m
Ronald Herrmann
Executive VP & Head of the Americas - RGA Reinsurance Company3.9yrsUS$3.10m0.0050%
$ 688.9k
Axel Philippe Andre
Executive VP & CFOless than a yearno datano data
Mark Brooks
Executive VP & Chief Information Officer1.9yrsno datano data
J. Hopson
Senior Vice President of Investor Relations10.9yrsno datano data
William Hutton
Executive VP13.9yrsno data0.019%
$ 2.6m
Lynn Phillips
Vice President of Corporate Communicationsno datano datano data
Raymond Kleeman
Executive VP & Chief Human Resources Officer2.9yrsno data0.0039%
$ 530.4k
Jonathan Porter
Executive VP & Global Chief Risk Officerno datano data0.012%
$ 1.6m
Catie Muccigrosso
VP, Chief Underwriter - U.S. Mortality Marketsno datano datano data

2.9yrs

Average Tenure

54yo

Average Age

Experienced Management: RGA's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tony Cheng
President1.9yrsUS$6.51m0.034%
$ 4.6m
Khanh Tran
Independent Director2.4yrsUS$303.95k0.0016%
$ 222.8k
Patricia Guinn
Independent Director8.2yrsUS$308.95k0.015%
$ 2.1m
George Nichols
Independent Director2.9yrsUS$279.95k0.0036%
$ 488.0k
John Gauthier
Independent Director6.4yrsUS$303.95k0.014%
$ 2.0m
Steven Van Wyk
Independent Director5.8yrsUS$292.45kno data
Shundrawn Thomas
Independent Director3.8yrsUS$303.95k0.0052%
$ 716.3k
Michele Bang
Independent Director1.2yrsUS$67.50kno data
Giuseppina Albo
Independent Director5.2yrsUS$269.95k0.0016%
$ 222.8k
Alison Rand
Independent Directorless than a yearno data0.00089%
$ 121.7k
Hazel McNeilage
Independent Director6.4yrsUS$303.95kno data
Stephen O'Hearn
Independent Chairman4.2yrsUS$511.53kno data

4.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: RGA's board of directors are considered experienced (4 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 01:37
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.

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.

AnalystInstitution
Eric BergBarclays
Jay GelbBarclays
Alex ScottBarclays