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): May 24, 2011

REINSURANCE GROUP OF AMERICA, INCORPORATED

(Exact Name of Registrant as specified in Charter)

Missouri		1-11848		43-1627032
(State or other jurisdiction		(Commission File Number)		(I.R.S. Employer
of incorporation)				Identification No.)

1370 TIMBERLAKE MANOR PARKWAY
CHESTERFIELD, MISSOURI 63017
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (636) 736-7000

(Former name or former address, if changed since last report.)

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 9.01 Financial Statements and Exhibits

(d) Exhibits.    The following document is filed as an exhibit to this report:

12.1

Computation of ratio of earnings to fixed charges and ratio of earnings to fixed charges excluding interest credited under reinsurance contracts

SIGNATURES

     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 thereunto duly authorized.

Date: May 24, 2011

EXHIBIT INDEX

Exhibit Number       Description

12.1

Computation of ratio or earnings to fixed charges and ratio of earnings to fixed charges excluding interest credited under reinsurance contracts

Exhibit 12.1

Ratio of Earnings to Fixed Charges
Updated through March 31,
2011 (dollars in millions)

		Years ended December 31,																				Three Months Ended
		2006				2007				2008				2009				2010				March 31, 2011
Income from continuing operations before income taxes		$	451.4			$	474.9			$	280.4			$	592.3			$	863.8			$	241.8
Minority interest in earnings (losses) of consolidated subsidiaries included in income from continuing operations before income taxes		$	—			$	—			$	—			$	—			$	—			$	—
Fixed charges:
Interest expensed and capitalized		$	88.5			$	128.9			$	104.9			$	78.2				98.9				27.8
Interest credited on reinsurance contracts			244.8				246.1				233.2				323.7				310.0				106.1
One-third of rentals			2.4				3.6				4.1				4.7				5.7				1.4
Total fixed charges		$	335.7			$	378.6			$	342.2			$	406.6			$	414.6			$	135.3
Less interest capitalized, net of amortization			—				—				—				—				—				—
Income from continuing operations before income taxes and minority interest plus fixed charges		$	787.1			$	853.5			$	622.6			$	998.9			$	1,278.4			$	377.1
Ratio of earnings to fixed charges			2.3				2.3				1.8				2.5				3.1				2.8
Total fixed charges		$	335.7			$	378.6			$	342.2			$	406.6			$	414.6			$	135.3
Less Interest credited on reinsurance contracts			(244.8	)			(246.1	)			(233.2	)			(323.7	)			(310.0	)			(106.1	)
Total fixed charges excluding interest credited (1)		$	90.9			$	132.5			$	109.0			$	82.9			$	104.6			$	29.2
Income from continuing operations before income taxes and minority interest plus fixed charges excluding interest credited under reinsurance contracts (1)		$	542.3			$	607.4			$	389.4			$	675.2			$	968.4			$	271.0
Ratio of earnings to fixed charges excluding interest credited under reinsurance contracts (1)			6.0				4.6				3.6				8.1				9.3				9.3