Reinsurance Group Of America Announces Stock Offering

June 5, 1998
For further information,
contact Jack B. Lay
Executive Vice President and
Chief Financial Officer

ST. LOUIS, June 5, 1998 - Reinsurance Group of America, Incorporated (NYSE:RGA,RGA.A) announced an offering for 4.3 million shares of non-voting common stock priced at $47 per share and has granted the underwriters a 15% over-allotment option. The underwriting group is led by A.G. Edwards & Sons, Inc. and includes Donaldson, Lufkin & Jenrette Securities Corporation, Morgan Stanley Dean Witter, Chase Securities Inc. and Conning & Company. Proceeds from the offering will be used for general corporate purposes.

The offering will only be made by means of a prospectus. This news release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Written prospectuses relating to the securities, which represent new financing, may be obtained from A.G. Edwards & Sons, Inc., One North Jefferson Avenue, St. Louis, Missouri 63103, telephone number 314/955-3000.

RGA, through its operating subsidiaries, is one of the largest life reinsurers in North America, and offers life reinsurance services to its clients worldwide. GenAmerica Corporation beneficially owns approximately 64 percent of RGA's outstanding voting shares.

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