Message from the CEO

We often remember the “firsts” that shape our personal and professional lives: our first job, our first car, the first tentative steps made by our small children. 2024 was my first year as RGA’s Chief Executive Officer, and it somehow feels as if we packed a lifetime of firsts into just one year.

RGA launched innovative new products, embarked on industry-leading partnerships, and ambitiously pursued transactions that expanded capabilities for life and health reinsurance. The fruits of those labors are highlighted across this 2024 Annual Review. They are also evident in our year-end financial results, which surpassed a record 2023.

It was a year of strategic and future-focused evolution at RGA. Throughout 2024, we made a deliberate effort to challenge long-held assumptions and disrupt traditional viewpoints. To enhance company operations, we optimized the cross-functional expertise and agility of our regional and local teams, amplified our core business enablement functions to deliver greater value for our clients, and integrated and aligned our industry-leading capabilities platform to create innovative new solutions.

Fueling this progress were the defining qualities that make RGA unique in the industry:

• RGA remains the only global reinsurer focused exclusively on life and health. We bring the geographic reach and depth of expertise to analyze client needs in each specific part of the world and apply experience and proven results from other markets.
  
  
• Amid increasing complexity in the insurance and financial services industries, RGA’s breadth and depth of capabilities stands out. With leading biometric and investment expertise, RGA brings an unparalleled ability to manage and reinsure both the asset and liability sides of our clients’ balance sheets.
  
  
• Underpinning RGA’s success is our culture of care, developed through more than 50 years of dedication to our partnership-driven, client-centric approach. This encompasses the values we share as a workforce, our commitment to moving the industry forward, and our purpose to make financial protection accessible to all.

As we look ahead, the many achievements and firsts of 2024 will propel RGA into the future. The innovative spirit, client-focused solutions, and transformative mindset that defined this past year will continue driving our company forward.

I am so proud to serve as CEO of this remarkable organization. Through our proven, future-focused approach and the talent and dedication of our global teams, I have no doubt we will continue achieving “firsts” that address emerging challenges and open new possibilities for our clients and the people they serve.

As we write the next chapter together, the best is yet to come.

Tony Cheng
President and Chief Executive Officer