Reinsurance Group of America, Incorporated Common Stock (RGA)
198.39
+6.53 (3.40%)
Reinsurance Group of America is a global leader in the reinsurance sector, specializing in providing life and health reinsurance solutions to insurance companies worldwide
The company focuses on offering innovative risk management and financial solutions, helping its clients optimize their capital resources and manage the various risks associated with life insurance and health-related products. With a commitment to customer service and a strong emphasis on research and development, Reinsurance Group of America leverages its extensive industry expertise to support its clients in navigating the complexities of the insurance market, ultimately contributing to their long-term success and stability.
Financial stocks are taking a tumble as the S&P 500 pushes into correction territory. Despite this, these stocks maintain solid fundamentals for the long-term.
RGA enters a $32 billion reinsurance agreement with Equitable Holdings. The deal will generate significant returns for RGA, with expected growth in adjusted operating income, and further enhances RGA's strategic partnership in product development and distribution.
Companies that generate a lot of free cash flow for their size can reinvest relatively more back into their businesses, allowing opportunities to add value.
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As one of the largest global life and health reinsurance companies, Reinsurance Group of America’s (RGA) stock has soared over +30% YTD and the rally could continue as its Q2 results approach on August 1st.