Reinsurance Group Of America, Incorporated Completes Offering

June 10, 1998
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For further information, contact
Jack B. Lay
Executive Vice President and
Chief Financial Officer

ST. LOUIS, June 10, 1998 - Reinsurance Group of America, Incorporated (NYSE:RGA, RGA.A) announced today the closing of a public offering in which it sold 4,300,000 shares of non-voting common stock. The offering was priced to the public at $47.00 per share and provided net proceeds of approximately $195 million. A.G. Edwards & Sons, Inc. led the underwriting group that included Donaldson, Lufkin & Jenrette Securities Corporation, Morgan Stanley Dean Witter, Chase Securities Inc. and Conning & Company. RGA has granted the underwriters an option, for a specified period of time, to purchase on the same terms up to an additional 645,000 shares of non-voting common stock from RGA solely to cover over-allotments, if any.

A. Greig Woodring, President and Chief Executive Officer, said, "This offering provides the capital to support our growth strategies for the next several years."

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.

The offering was made only by means of a prospectus. This release does not constitute an offer to sell or the solicitation of an offer to buy any shares of non-voting common stock.

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