RGANYSELife InsuranceFiscal year ends December 31Also trades as RZC
REINSURANCE GROUP OF AMERICA INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$266.80+0.05 (+0.02%)
Close on Oct 19, 2026
- Market cap
- $17.61B
- P/E (TTM)
- 11.7
- Dividend yield
- 1.36%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
65M
Shares held, 13F filers
Institutional holders
630
70 new, 45 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 4 sales
Net sold $3.68M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 5,940,079 | 9.00% | 13G (passive) amendment | Mar 31, 2025 |
| FMR LLC | 5,575,253 | 8.46% | 13G (passive) amendment | Feb 9, 2024 |
| Harris Associates, Inc. | 4,261,078 | 6.50% | 13G (passive) amendment | Dec 31, 2025 |
| Vanguard Portfolio Management | 3,521,493 | 5.37% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 3,439,156 | 5.24% | 13G (passive) | Mar 31, 2026 |
| Harris Associates L P | 3,345,681 | 5.10% | 13G (passive) | Sep 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of RGA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,810,718 | – | $1.45B | +131,403 | 0.02% |
| FMR LLC | 5,923,875 | – | $1.26B | −2,985 | 0.05% |
| Harris Associates L P | 4,684,424 | – | $996.14M | −166,054 | 1.32% |
| Vanguard Portfolio Management LLC | 3,493,339 | – | $742.86M | −10,859 | 0.03% |
| Wcm Investment Management, LLC | 3,007,065 | – | $646.04M | +176,445 | 1.17% |
| Vanguard Capital Management LLC | 2,961,322 | – | $629.73M | +23,027 | 0.01% |
| State Street Corp | 2,358,429 | – | $501.52M | +89,226 | 0.01% |
| Earnest Partners LLC | 2,219,193 | – | $471.91M | −47,468 | 1.70% |
| American Century Companies Inc | 1,521,592 | – | $323.57M | −303,790 | 0.14% |
| Geode Capital Management, LLC | 1,415,016 | – | $300.97M | +13,696 | 0.02% |
| Aqr Capital Management LLC | 1,337,571 | – | $284.43M | −524,102 | 0.10% |
| Morgan Stanley | 1,243,497 | – | $264.43M | +33,294 | 0.01% |
| Bank Of America Corp /De/ | 1,183,130 | – | $251.59M | +4,621 | 0.02% |
| Dimensional Fund Advisors LP | 1,164,907 | – | $247.73M | +49,909 | 0.04% |
| Norges Bank | 851,264 | – | $181.02M | New | 0.02% |
| Sei Investments Co | 845,614 | – | $179.82M | +8,223 | 0.16% |
| Bahl & Gaynor Inc | 737,762 | – | $156.89M | +97,921 | 0.72% |
| Northern Trust Corp | 705,142 | – | $149.95M | +27,535 | 0.02% |
| First Trust Advisors LP | 693,783 | – | $147.53M | +214,783 | 0.09% |
| Citadel Advisors LLC | 576,907 | – | $122.68M | +180,229 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 630 | 65M | 70 / 240 | 212 / 45 | 4M | 3M |
| Q1 2026 | 616 | 64M | 72 / 259 | 194 / 56 | 12M | 5M |
| Q4 2025 | 606 | 64M | 104 / 188 | 223 / 66 | 5M | 5M |
| Q3 2025 | 580 | 64M | 59 / 193 | 241 / 94 | 5M | 7M |
| Q2 2025 | 620 | 65M | 64 / 217 | 241 / 70 | 4M | 4M |
| Q1 2025 | 632 | 65M | 81 / 222 | 229 / 62 | 6M | 5M |
| Q4 2024 | 625 | 64M | 88 / 243 | 210 / 60 | 5M | 4M |
| Q3 2024 | 607 | 63M | 72 / 236 | 225 / 67 | 12M | 4M |
| Q2 2024 | 607 | 63M | 114 / 199 | 208 / 34 | 4M | 7M |
| Q1 2024 | 531 | 66M | 67 / 179 | 205 / 45 | 6M | 4M |
| Q4 2023 | 513 | 64M | 92 / 173 | 174 / 40 | 6M | 4M |
| Q3 2023 | 466 | 63M | 44 / 166 | 185 / 55 | 4M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of RGA | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 2,242,039 | – | $476.77M | 0.38% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,080,517 | – | $442.42M | 0.02% | Jun 30, 2026 |
| Oakmark Fund | 1,883,028 | – | $400.43M | 1.67% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,502,190 | – | $319.44M | 0.17% | Jun 30, 2026 |
| Vanguard Windsor Ii Fund | 1,478,299 | – | $350.14M | 0.52% | Jul 31, 2026 |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 1,034,803 | – | $207.73M | 0.08% | May 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 951,759 | – | $202.39M | 0.30% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 750,738 | – | $159.64M | 0.16% | Jun 30, 2026 |
| Oakmark Equity and Income Fund | 583,898 | – | $124.17M | 2.13% | Jun 30, 2026 |
| Fidelity Low-Priced Stock Fund | 481,959 | – | $114.15M | 0.46% | Jul 31, 2026 |
| Fidelity Balanced Fund | 478,619 | – | $96.08M | 0.15% | May 31, 2026 |
| First Trust SMID Cap Rising Dividend Achievers ETF | 462,347 | – | $98.32M | 0.87% | Jun 30, 2026 |
| Fidelity Value Fund | 397,816 | – | $94.22M | 0.90% | Jul 31, 2026 |
| Vanguard Dividend Appreciation Index Fund | 370,668 | – | $87.79M | 0.07% | Jul 31, 2026 |
| Mid Cap Value Fund | 358,306 | – | $76.19M | 1.35% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Tony Kin Shun Cheng | President and CEO, Director | 43,408 | Apr 27, 2026 |
| Jonathan Porter | EVP, Global Chief Risk Officer | 14,885 | Aug 17, 2026 |
| Ronald Herrmann | Executive Vice President | 6,057 | Aug 13, 2026 |
| Senan O'Loughlin | Executive Vice President | 2,967 | Jul 2, 2026 |
| My Chi To | EVP, Chief Legal Officer | 3,525 | Jun 29, 2026 |
| John W. Hayden | EVP, Controller | 20,949 | May 22, 2026 |
| Cormac Galvin | EVP, Head of EMEA | 3,532 | Apr 27, 2026 |
| Raymond Kleeman | EVP, Chief HR Officer | 12,250 | Apr 27, 2026 |
| Simon Wainwright | Exec. Advisor to CEO | 15,129 | Apr 27, 2026 |
| Arthur Ozeki | EVP, Head of Asia Pacific | 13,036 | Apr 27, 2026 |
| Laura Cockrill | EVP & Chief Strategy Officer | 3,125 | Apr 27, 2026 |
| Axel Andre | EVP, Chief Financial Officer | 1,168 | Apr 27, 2026 |
| Jayson R. Bronchetti | EVP, Chief Investment Officer | – | Apr 24, 2026 |
| Mark J. Brooks | EVP, CIO | 402 | Apr 7, 2026 |
| Leslie Barbi | EVP, Chief Investment Officer | 20,296 | Mar 16, 2026 |
| William L. Hutton | Executive Vice President | 15,465 | May 19, 2025 |
| Maurice Tulloch | Director | 284 | Sep 4, 2026 |
| Giuseppina Albo | Director | – | May 22, 2026 |
| Michele Mi Kyung Bang | Director | – | May 22, 2026 |
| Khanh T. Tran | Director | 1,882 | May 22, 2026 |
| Patricia Lynn Guinn | Director | 817 | May 22, 2026 |
| John J. Gauthier | Director | 9,537 | May 22, 2026 |
| Hazel McNeilage | Director | 527 | May 22, 2026 |
| Peter Babej | Director | 613 | May 22, 2026 |
| Stephen T. O'Hearn | Director | – | May 22, 2026 |
| Alison S. Rand | Director | 583 | May 22, 2026 |
| Shundrawn A. Thomas | Director | 3,454 | May 22, 2026 |
| Wyk Steven C. Van | Director | 989 | May 22, 2026 |
| George Nichols III | Director | 2,352 | May 23, 2025 |
| Pina Albo | Director | 1,072 | May 23, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 12, 2026 | Sale | −8,589 | $246.30 | $2.12M | 14,885 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Tax withholding | −1,345 | $244.65 | $329.05K | 15,804 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Option exercise | +2,264 | $145.25 | $328.85K | 17,149 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Option exercise | +5,707 | $117.85 | $672.57K | 21,511 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Tax withholding | −2,750 | $244.65 | $672.79K | 18,761 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Option exercise | +2,437 | $129.01 | $314.40K | 21,198 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Tax withholding | −1,286 | $244.65 | $314.62K | 19,912 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Option exercise | +4,332 | $106.53 | $461.49K | 24,244 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Tax withholding | −1,887 | $244.65 | $461.65K | 22,357 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Option exercise | +2,571 | $138.34 | $355.67K | 24,928 |
| Jonathan Porter EVP, Global Chief Risk Officer | Aug 11, 2026 | Tax withholding | −1,454 | $244.65 | $355.72K | 23,474 |
| Ronald Herrmann Executive Vice President | Aug 11, 2026 | Tax withholding | −1,600 | $244.65 | $391.44K | 6,057 |
| Ronald Herrmann Executive Vice President | Aug 11, 2026 | Option exercise | +2,577 | $129.01 | $332.46K | 6,515 |
| Ronald Herrmann Executive Vice President | Aug 11, 2026 | Tax withholding | −1,889 | $244.65 | $462.14K | 4,626 |
| Ronald Herrmann Executive Vice President | Aug 11, 2026 | Option exercise | +3,098 | $138.34 | $428.58K | 7,724 |
| Ronald Herrmann Executive Vice President | Aug 11, 2026 | Tax withholding | −2,337 | $244.65 | $571.75K | 5,387 |
| Ronald Herrmann Executive Vice President | Aug 11, 2026 | Option exercise | +3,311 | $185.28 | $613.46K | 8,698 |
| Ronald Herrmann Executive Vice President | Aug 11, 2026 | Tax withholding | −2,857 | $244.65 | $698.97K | 5,841 |
| Ronald Herrmann Executive Vice President | Aug 11, 2026 | Option exercise | +1,816 | $193.00 | $350.49K | 7,657 |
| Maurice Tulloch Director | Jul 1, 2026 | Tax withholding | −122 | $215.65 | $26.31K | 284 |
| Maurice Tulloch Director | Jul 1, 2026 | Award | +406 | $215.65 | $87.55K | 406 |
| Maurice Tulloch Director | Jul 1, 2026 | Award | +406 | $215.65 | $87.55K | 406 |
| My Chi To EVP, Chief Legal Officer | Jun 25, 2026 | Tax withholding | −2,515 | $207.79 | $522.59K | 3,525 |
| My Chi To EVP, Chief Legal Officer | Jun 6, 2026 | Option exercise | +5,661 | – | – | 6,040 |
| Peter Babej Director | May 20, 2026 | Award | +613 | $214.13 | $131.26K | 613 |
| Patricia Lynn Guinn Director | May 20, 2026 | Award | +817 | $214.13 | $174.94K | 817 |
| John W. Hayden EVP, Controller | May 20, 2026 | Sale | −414 | $214.95 | $88.99K | 20,949 |
| John W. Hayden EVP, Controller | May 20, 2026 | Option exercise | +1,867 | $129.80 | $242.34K | 22,816 |
| John W. Hayden EVP, Controller | May 20, 2026 | Tax withholding | −1,453 | $214.95 | $312.32K | 21,363 |
| Ronald Herrmann Executive Vice President | May 14, 2026 | Sale | −170 | $211.28 | $35.92K | 3,938 |
| Ronald Herrmann Executive Vice President | May 14, 2026 | Sale | −6,830 | $210.56 | $1.44M | 4,108 |
| John W. Hayden EVP, Controller | Mar 12, 2026 | Option exercise | +2,252 | $205.00 | $461.66K | 21,605 |
| John W. Hayden EVP, Controller | Mar 12, 2026 | Tax withholding | −656 | $205.00 | $134.48K | 20,949 |
| Leslie Barbi EVP, Chief Investment Officer | Mar 12, 2026 | Tax withholding | −3,992 | $205.00 | $818.36K | 20,296 |
| Leslie Barbi EVP, Chief Investment Officer | Mar 12, 2026 | Option exercise | +8,430 | $205.00 | $1.73M | 24,288 |
| Cormac Galvin EVP, Head of EMEA | Mar 12, 2026 | Tax withholding | −704 | $205.00 | $144.32K | 3,532 |
| Cormac Galvin EVP, Head of EMEA | Mar 12, 2026 | Option exercise | +1,496 | $205.00 | $306.68K | 4,236 |
| Ronald Herrmann EVP | Mar 12, 2026 | Tax withholding | −2,857 | $205.00 | $585.69K | 10,938 |
| Ronald Herrmann EVP | Mar 12, 2026 | Option exercise | +6,576 | $205.00 | $1.35M | 13,795 |
| Tony Kin Shun Cheng President and CEO, Director | Mar 12, 2026 | Tax withholding | −6,715 | $205.00 | $1.38M | 43,408 |
| Tony Kin Shun Cheng President and CEO, Director | Mar 12, 2026 | Option exercise | +17,388 | $205.00 | $3.56M | 50,123 |
| Raymond Kleeman EVP, Chief HR Officer | Mar 12, 2026 | Option exercise | +4,553 | $205.00 | $933.37K | 12,250 |
| Raymond Kleeman EVP, Chief HR Officer | Mar 12, 2026 | Tax withholding | −2,006 | $205.00 | $411.23K | 10,244 |
| Jonathan Porter EVP, Global Chief Risk Officer | Mar 12, 2026 | Tax withholding | −2,921 | $205.00 | $598.81K | 14,885 |
| Jonathan Porter EVP, Global Chief Risk Officer | Mar 12, 2026 | Option exercise | +5,456 | $205.00 | $1.12M | 17,806 |
| Arthur Ozeki EVP, Head of Asia Pacific | Mar 12, 2026 | Option exercise | +2,689 | $205.00 | $551.25K | 13,036 |
| Simon Wainwright Exec. Advisor to CEO | Mar 12, 2026 | Tax withholding | −1,053 | $205.00 | $215.87K | 15,129 |
| Simon Wainwright Exec. Advisor to CEO | Mar 12, 2026 | Option exercise | +2,239 | $205.00 | $459.00K | 16,182 |
| Laura Cockrill EVP & Chief Strategy Officer | Mar 12, 2026 | Option exercise | +1,079 | $205.00 | $221.20K | 3,125 |
| Laura Cockrill EVP & Chief Strategy Officer | Mar 12, 2026 | Tax withholding | −314 | $205.00 | $64.37K | 2,811 |
| Jonathan Porter EVP, Global Chief Risk Officer | Feb 11, 2026 | Option exercise | +602 | $150.87 | $90.82K | 12,512 |
| Jonathan Porter EVP, Global Chief Risk Officer | Feb 11, 2026 | Tax withholding | −388 | $220.70 | $85.63K | 11,910 |
| Jonathan Porter EVP, Global Chief Risk Officer | Feb 11, 2026 | Option exercise | +722 | $129.72 | $93.66K | 12,298 |
| Jonathan Porter EVP, Global Chief Risk Officer | Feb 11, 2026 | Tax withholding | −162 | $220.70 | $35.75K | 12,350 |
| Ronald Herrmann EVP | Feb 11, 2026 | Tax withholding | −715 | $220.70 | $157.80K | 7,219 |
| Ronald Herrmann EVP | Feb 11, 2026 | Option exercise | +2,401 | $106.53 | $255.78K | 7,934 |
| Tony Kin Shun Cheng President and CEO, Director | Feb 10, 2026 | Tax withholding | −1,786 | $217.51 | $388.47K | 32,735 |
| Tony Kin Shun Cheng President and CEO, Director | Feb 10, 2026 | Option exercise | +4,152 | $93.53 | $388.34K | 34,521 |
| Simon Wainwright Exec. Advisor to CEO | Feb 10, 2026 | Tax withholding | −716 | $217.51 | $155.74K | 13,943 |
| Simon Wainwright Exec. Advisor to CEO | Feb 10, 2026 | Option exercise | +2,671 | $93.53 | $249.82K | 14,659 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Jonathan Porter Officer | Aug 12, 2026 | 8,589 | $2.12M | Aug 12, 2026 | Stock Option Exercise |
| Mark J. Brooks Former Officer | Jun 15, 2026 | 781 | $166.29K | Jun 15, 2026 | Restricted Stock Vesting |
| John W. Hayden Officer | May 20, 2026 | 414 | $88.99K | May 20, 2026 | SAR |
| Ronald Herrmann Officer | May 14, 2026 | 7,000 | $1.47M | May 14, 2026 | Restricted Stock Vesting |
| Todd C. Larson Former Officer | Mar 20, 2025 | 7,698 | $1.48M | Mar 20, 2025 | Restricted Stock Vesting |
| William L. Hutton Officer | Sep 23, 2024 | 1,209 | $264.74K | Sep 23, 2024 | SAR |
| John W. Hayden Officer | May 14, 2024 | 1,767 | $365.51K | May 14, 2024 | Stock Appreciation Right |
| Todd C. Larson Officer | Mar 8, 2024 | 3,750 | $679.71K | Mar 8, 2024 | Stock Appreciation Right |
| William L. Hutton Officer | Mar 6, 2024 | 1,908 | $272.87K | Mar 6, 2024 | Restricted Stock Lapse |
| William L. Hutton Officer | Feb 15, 2024 | 1,588 | $272.87K | Feb 15, 2024 | Performance Stock Lapse |
| Lawrence S. Carson Former Affiliate | Feb 15, 2024 | 13,481 | $2.29M | Feb 15, 2024 | Equity Compensation - See Remarks |
| Ronald Herrmann Officer | Nov 13, 2023 | 510 | $82.13K | Nov 10, 2023 | Stock Appreciation Right |
| Olav Cuiper Former Affiliate | Sep 22, 2023 | 500 | $74.25K | Sep 22, 2023 | Restricted Stock Lapse |
| Olav Cuiper Former Affiliate | Sep 21, 2023 | 500 | $73.24K | Sep 21, 2023 | Restricted Stock Lapse |
| William L. Hutton Officer | May 18, 2023 | 1,952 | $292.86K | May 18, 2023 | Exercise and Hold |