MESSAGE FROM THE CHAIRMAN
J. Cliff Eason Chairman of the Board
RGA leadership celebrated a landmark year in 2016 with the culmination of a five-year executive succession plan. On behalf of the Board of Directors, I would like to acknowledge the dedicated team of professionals at the center of this transition.
Greig Woodring officially stepped down as Chief Executive Officer (CEO) at the end of 2016. In Greig’s three decades at the helm, he served as both an inspiring company leader and a respected industry innovator. His contributions to the extraordinary success and growth of RGA during his tenure cannot be overstated.
Anna Manning, who stepped into the CEO role in January 2017, is the right person to lead RGA into the future. With 10 years in leadership roles at RGA and more than three decades in the insurance industry, Anna brings a passion to her work and a depth of experience in all areas of our business. She combines the ability to drive results today with the vision to recognize and capitalize on tomorrow’s opportunities.
In 2016, we established record highs in premiums, revenues, income, and earnings per share. These results were no anomaly, but rather the product of cumulative efforts spanning decades.
Moving forward, Anna will be supported by a proven executive management team. 2016 also saw Chief Financial Officer (CFO) Todd Larson succeed long-time CFO Jack Lay. In January 2017, Alain Néemeh assumed the Chief Operating Officer (COO) role previously held by retiring COO Donna Kinnaird. The entire succession process was performed in typical RGA fashion: thoroughly considered, collaboratively executed, and confidently achieved.
As this transition made clear, RGA builds on strength. In 2016, we established record highs in premiums, revenues, income, and earnings per share. These results were no anomaly, but rather the product of cumulative efforts spanning decades. And we see favorable conditions for continued growth.
Life reinsurance dynamics are stable, and longer lives point to favorable mortality results over time. We have a balanced portfolio of business, a global operating platform, and an exceptionally strong management team in place. From this platform, we are launching forward-looking initiatives to meet changing client demands within an evolving industry. In short, RGA is a company confident in its ability to help shape the future.
The Board wishes to thank all of our talented associates for their contributions to our success in 2016. We anticipate even greater achievements in the years ahead.
J. Cliff Eason
Chairman of the Board