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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): October 16, 2009
REINSURANCE GROUP OF AMERICA, INCORPORATED
(Exact Name of Registrant as Specified in its Charter)
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Missouri
(State or Other Jurisdiction of
Incorporation)
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1-11848
(Commission
File Number)
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43-1627032
(IRS Employer
Identification Number) |
1370 Timberlake Manor Parkway, Chesterfield, Missouri 63017
(Address of Principal Executive Office)
Registrants telephone number, including area code: (636) 736-7000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 8.01 Other Events.
On
October 16, Reinsurance Group of America, Incorporated (the Company) issued a press
release announcing that the Company entered into an agreement with ReliaStar Life Insurance
Company, a subsidiary of ING Groep N.V., whereby the Company has acquired ReliaStars U.S. and
Canadian group life, accident and health reinsurance business. The acquisition will be structured
as an indemnity coinsurance agreement and is expected to be effective January 1, 2010, subject to
regulatory approvals. The Company will fund the acquisition with existing capital. Specific terms
of the agreement were not disclosed.
The press release is attached as exhibit 99.1 to this report and is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following documents are filed as exhibits to this report:
99.1 |
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Press Release dated October 16, 2009 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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REINSURANCE GROUP OF AMERICA, INCORPORATED
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Date: October 16, 2009 |
By: |
/s/ Jack B. Lay
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Jack B. Lay |
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Senior Executive Vice President and Chief
Financial Officer |
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EXHIBIT INDEX
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Exhibit Number |
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Description |
99.1
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Press Release dated October 16, 2009 |
exv99w1
Exhibit 99.1
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For further information, contact |
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Jack B. Lay |
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Senior Executive Vice President |
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and Chief Financial Officer |
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(636) 736-7000 |
FOR IMMEDIATE RELEASE
RGA ANNOUNCES ACQUISITION OF GROUP REINSURANCE
BUSINESS FROM RELIASTAR LIFE INSURANCE CO.
ST. LOUIS,
October 16, 2009 Reinsurance Group of America, Incorporated (NYSE: RGA) today
announced an agreement with ReliaStar Life Insurance Company, a subsidiary of ING Groep N.V.,
whereby RGA has acquired ReliaStars U.S. and Canadian group life, accident and health reinsurance
business. The acquisition will be structured as an indemnity coinsurance agreement and is expected
to be effective January 1, 2010, subject to regulatory approvals. RGA will fund the acquisition
with existing capital. Specific terms of the agreement were not disclosed.
A. Greig Woodring, president and chief executive officer of RGA, commented, We are pleased
with this acquisition as it gives us a far more substantial presence in the North American group
reinsurance market and offers a highly regarded team in Minneapolis that will remain in place. We
look forward to working with ReliaStars clients and its distribution partners during the upcoming
renewal season. We expect to deploy approximately $115 million of capital to support the business
with returns in the mid-to-upper teens.
About RGA
RGA, through its various operating subsidiaries, is among the largest global providers of life
reinsurance. RGA has subsidiary companies or offices in Australia, Barbados, Bermuda, Canada,
China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Mexico, Poland, the Netherlands,
South Africa, South Korea, Spain, Taiwan, the United Kingdom, and the United States. Worldwide, RGA
has approximately $2.2 trillion of life reinsurance in force, and assets of $22.6 billion. More
information about RGA is available at www.rgare.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including, among others, statements relating to projections of the
earnings, revenues, income or loss, future financial performance and growth potential of
Reinsurance Group of America, Incorporated and its subsidiaries. Forward-looking statements are
inherently subject to risks and uncertainties, some of which cannot be predicted or quantified.
Future events and actual results, performance and achievements could differ materially from those
set forth in, contemplated by or underlying the forward-looking statements and therefore you should
not place undue reliance on them. A list of important factors that could cause actual events or
results to differ materially from those expressed or implied by forward-looking statements is
included in RGAs most recent annual report on Form 10-K, quarterly report on Form 10-Q and other
documents filed by RGA with the Securities and Exchange Commission. We do not undertake any
obligations to update these forward looking statements, even though our situation may change in the
future. We qualify all of our forward-looking statements by these cautionary statements.