Corporate Social Responsibility

Corporate Social Responsibility

  • Matt Blakely

    At RGA, we believe that social responsibility is central to our business strategy.

    Matt Blakely

    Vice President, Corporate Responsibility and Sustainability

The importance of RGA’s social purpose was never so evident as it was in 2020. We enable the life and health insurance industry to provide financial security to people when they need it most, and the COVID-19 pandemic created urgent need around the world.

RGA paid approximately $720 million in COVID-19-related claim costs in 2020, a remarkable testament to the value that our business delivers for society – but our commitments extend beyond paying claims. At RGA, we believe that social responsibility is central to our business strategy. It starts with integrity in our operations: We foster inclusion and compassion within our organization, promote sustainable business practices, invest responsibly, and adhere to sound corporate governance principles. RGA’s community investments and the RGA Foundation’s grants focus on advancing the education, health, and longevity of people in the communities where we operate. In 2020, we helped those in immediate need and supported efforts to promote healthier lives and a healthier planet.

For example, the Longer Life Foundation (LLF), an RGA collaboration with Washington University in St. Louis launched in 1998, reached $6.4 million in lifetime grants to more than 120 research projects since its inception. These grants explore scientifically supported approaches to longer, healthier lives. The LLF makes research findings available to the public, so everyone can benefit and build our collective knowledge.

We also expanded our efforts to help create a more sustainable, healthier world. RGA’s St. Louis headquarters, already LEED (Leadership in Energy and Environmental Design) Gold certified with efficient energy systems and smart building materials, added advanced air cleaning systems and nature-friendly anti-microbial features to elevators and the cafeteria. Meanwhile, our Investments team surpassed the $300 million mark in green bond investments across seven currencies.

The events of 2020 offered new challenges, and RGA responded. Since the start of the pandemic, the RGA Foundation donated $1.5 million in grants supporting COVID-19 relief, the largest package of grants in its history, and matched employee contributions to 25 pandemic relief efforts around the globe.

Our partnerships with grant recipients included opportunities for employees to learn and share their expertise at both the global and local level. For instance, we hosted global town halls with Doctors Without Borders and the International Federation of Red Cross and Red Crescent Societies. In one local example, RGA employees created data visualization models to help the St. Louis Area Foodbank with distribution, while the RGA Foundation made a donation to the same organization to provide 10,000 meals to families, children, and seniors.

RGA facilitates these activities through company-coordinated giving programs such as the United Way and through our Global Volunteer Day program, which gives employees a paid day off when donating time to a charitable cause. Here are just a few examples among many throughout the global RGA family:

  • The U.K. office voted Amelia’s Rainbow as their charity of choice in 2020, donating funds and our employees’ time and talents. Amelia’s Rainbow serves children suffering from terminal, life-limiting, and chronic illnesses.
  • RGA employees in the U.S. participated in the St. Louis Heart Walk, raising funds for the American Heart Association in the St. Louis area. RGA ranked as this year’s top fundraising company and surpassed $1 million raised by RGA employees through 20 consecutive years of participation.
  • RGA Korea delivered emergency relief kits to African refugee camps in Korea, where it was difficult to secure goods due to COVID-19. The kits included staples of the African diet, such as lentils, baked beans, and tomato spreads.
  • To commemorate the Mid-Autumn Festival season, the RGA Taiwan team expressed gratitude by providing gift boxes to the Children Are Us Foundation and Syin-Iu Social Welfare Foundation – both devoted to training and hiring physically and mentally impaired individuals.

RGA is a values-based company, and in 2020 we lived those values like never before.


    • Dr. Dan Zimmerman
      Dr. Dan Zimmerman

      Senior Vice President, Head of Global Medical and Managing Director, Longer Life Foundation.

    Supporting scientific research for longer, healthier lives

    “The Longer Life Foundation reflects RGA’s long-standing commitment to corporate social responsibility and our passion for improving people’s lives.”

    READ MORE

    • Matt Blakely
      Matt Blakely

      Vice President, Corporate Responsibility and Sustainability

    Sound corporate governance helps guide ethical business practices

    “RGA’s commitment to best governance and ethics practices, one of the company’s strengths since the beginning, took significant steps forward in 2020.”

RGA Japan teams participated in the Financial Industry in Tokyo For Charity Virtual Run to raise funds for social issues.

  • RGARE.COM

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