M&A - REINSURANCE GROUP OF AMERICA INC

Form Type: 424B5

Filing Date: 2025-02-25

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525034418

Filing Summary: On February 24, 2025, Reinsurance Group of America, Inc. announced a significant acquisition involving its subsidiary, RGA Reinsurance Company. Under a Master Transaction Agreement with subsidiaries of Equitable Holdings, Inc., RGA Re will enter into coinsurance agreements that allow RGA Re to assume a 75% quota share of Equitable's in-force individual life insurance block, valued at approximately $32 billion. This acquisition aligns with RGA's risk profile by incorporating life insurance products that fit RGA’s investment strategy. The net proceeds from a separate offering of fixed-rate reset subordinated debentures will be utilized to support general corporate purposes, including funding this acquisition. The anticipated cost of capital deployment for the Reinsurance Transaction is about $1.5 billion, with a projected closing in mid-2025. The completion of this acquisition is contingent on obtaining customary regulatory approvals.

Document Link: View Document

Form Type: 8-K

Filing Date: 2025-02-24

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525032693

Filing Summary: On February 24, 2025, Reinsurance Group of America, Incorporated reported a significant acquisition transaction involving its subsidiary, RGA Reinsurance Company. The company entered into a Master Transaction Agreement with subsidiaries of Equitable Holdings, Inc., wherein RGA Re will assume a 75% quota share of Equitable's in-force individual life insurance liabilities, amounting to $32 billion across a diversified array of life insurance products. The acquisition is expected to finalize in mid-2025, pending regulatory approvals and other customary closing conditions. A press release and presentation regarding the transaction were made available on the company's website. The company also announced a conference call scheduled for the same day to discuss the transaction further.

Document Link: View Document