8-K
REINSURANCE GROUP OF AMERICA INC false 0000898174 0000898174 2022-05-25 2022-05-25 0000898174 rga:CommonStockOutstandingMember 2022-05-25 2022-05-25 0000898174 rga:M6.20FixedToFloatingRateSubordinatedDebenturesDue2042Member 2022-05-25 2022-05-25 0000898174 rga:M5.75FixedToFloatingRateSubordinatedDebenturesDue2056Member 2022-05-25 2022-05-25

 

 

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 25, 2022

 

 

REINSURANCE GROUP OF AMERICA, INCORPORATED

(Exact Name of Registrant as Specified in Charter)

 

 

 

Missouri   1-11848   43-1627032

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

16600 Swingley Ridge Road, Chesterfield, Missouri 63017

(Address of Principal Executive Offices, and Zip Code)

Registrant’s 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):

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.01   RGA   New York Stock Exchange
6.20% Fixed-To-Floating Rate Subordinated Debentures due 2042   RZA   New York Stock Exchange
5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056   RZB   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter):

   Emerging growth company

☐  If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 


Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 25, 2022, the Board of Directors (the “Board”) of Reinsurance Group of America, Incorporated (the “Company”) appointed Khanh T. Tran to the Board, effective as of July 1, 2022. Mr. Tran will serve for a term of office ending at the Company’s 2023 annual meeting of shareholders, or until his successor is duly elected and qualified. As of July 1, 2022, the addition of Mr. Tran increases the size of the Board to twelve directors.

Mr. Tran, 65, retired as President and Chief Executive Officer of Aviation Capital Group LLC. Prior to that role, he held various executive positions during his 25 years with Pacific Life,, including president, chief investment officer, chief financial officer and treasurer. Mr. Tran has previously served on nine corporate boards, including CIT Group, Inc.; Aviation Capital Group LLC; Pacific Life Insurance Company; and Scottish Re, among others.

The Company is not aware of any transactions, proposed transactions, or series of either to which the Company or any of its subsidiaries was or is to be a participant since January 1, 2021, in which the amount involved exceeds $120,000 and in which Mr. Tran had, or will have, a direct or indirect material interest.

There are no arrangements or understandings between Mr. Tran and any other person pursuant to which he was elected as a director. Mr. Tran will participate in the non-employee director compensation arrangements established by the Company for non-employee directors, as described under “Board of Directors—Director Compensation” in the Company’s proxy statement dated April 7, 2022 for its annual meeting of shareholders. The Board has appointed Mr. Tran to serve on the Audit Committee, Investment Committee and Risk Committee of the Board.

 

Item 7.01

Regulation FD Disclosure.

The Company issued a press release (the “Press Release”) announcing the appointment of Mr. Tran to the Board, a copy of which is furnished with this report as Exhibit 99.1. The information set forth in this Item 7.01, including the Press Release, is being furnished and shall not be deemed to be “filed”, as described in Instruction B.2 of Form 8-K.

 

Item 9.01

Financial Statements and Exhibits

(d) Exhibits.

 

Exhibit

    No.    

  

Exhibit

99.1    Press Release of Reinsurance Group of America, Incorporated dated May 31, 2022
104    Cover page interactive data file (formatted as inline XBRL).


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.

 

 

REINSURANCE GROUP OF AMERICA,

INCORPORATED

Date: May 31, 2022   By:  

/s/ Todd C. Larson

    Todd C. Larson
    Senior Executive Vice President and Chief Financial Officer
EX-99.1

Exhibit 99.1

 

Reinsurance Group of America, Incorporated

16600 Swingley Ridge Road, Chesterfield, Missouri 63017

   LOGO

REINSURANCE GROUP OF AMERICA ELECTS

NEW MEMBER TO BOARD OF DIRECTORS

ST. LOUIS, May 31, 2022 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the election of Khanh T. Tran to its Board of Directors. Mr. Tran will begin his service on July 1, 2022.

“We are very pleased to add Khanh to the RGA Board,” said Anna Manning, President and Chief Executive Officer, RGA. “His knowledge of the financial markets and approach to guiding corporate growth will be an asset to RGA as the company executes on its five-year strategy.”

“Khanh’s years of leadership in the insurance industry, coupled with his experience serving on corporate boards for various financial services companies, will bring valuable perspective to our board,” said J. Cliff Eason, Chair of the Board of Directors, RGA.

Mr. Tran retired as President and Chief Executive Officer of Aviation Capital Group LLC, a top 10 global commercial aviation leasing company with approximately 90 customers in more than 45 countries. Prior to that role, he held various executive positions during his 25 years with Pacific Life, a top 10 life insurance and annuities company in the U.S., including president, chief investment officer, chief financial officer, and treasurer.

Mr. Tran graduated from Whittier College in Whittier, California, with a B.A. in economics and political science. He also has an M.B.A. with a focus on finance and marketing from the University of California-Los Angeles.

Mr. Tran has previously served on nine corporate boards, including CIT Group, Inc.; Aviation Capital Group LLC; Pacific Life Insurance Company; and Scottish Re, among others. In 2019, he founded the Orange County, California chapter of Ascend Leadership and continues to serve as the chapter’s chairman. Ascend Leadership is the largest Pan-Asian business professional membership organization in North America and is dedicated to driving workplace and societal impact by developing and elevating Asian and Pacific Islander business leaders. Since 2015, he has served on the board of advisors for the George Argyros School of Business at Chapman University in the City of Orange, California.

About RGA

Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.5 trillion of life reinsurance in force and assets of $89.8 billion as of March 31, 2022. Founded in 1973, RGA is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about RGA and its businesses, visit the company’s website at www.rgare.com.


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FOR MORE INFORMATION:

Lynn Phillips

Vice President, Corporate Communications

636-736-2351

lphillips@rgare.com

Lizzie Curry

Director, Public Relations

636-736-8521

lizzie.curry@rgare.com

Jeff Hopson

Senior Vice President, Investor Relations

636-736-2068

jhopson@rgare.com