SOURCE: RGA

RGA

August 15, 2014 08:00 ET

RGA to Acquire In-Force Mortality Block From Voya Financial

ST. LOUIS, MO--(Marketwired - Aug 15, 2014) - Reinsurance Group of America, Incorporated ("RGA") and Voya Financial, Inc. ("Voya Financial"), formerly ING U.S., today announced the execution of agreements in which RGA will reinsure a block of in-force level term insurance policies issued by Voya Financial. RGA will reinsure approximately $104 billion of life insurance in force comprised of approximately 170,000 policies.

"This transaction leverages RGA's deep expertise and understanding of the U.S. mortality market, and aligns well with our disciplined Global Acquisitions strategy," said Greig Woodring, President and Chief Executive Officer. "We are pleased to further strengthen our long-term customer relationship with Voya Financial through this transaction."

The transaction is expected to close during the fourth quarter of 2014 subject to regulatory approvals and other customary closing conditions.

About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA), one of the largest global life reinsurance companies in the world, provides clients with individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting and product development. The company serves clients from operations in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, Turkey, the United Arab Emirates, the United Kingdom, and the United States. Worldwide, RGA has approximately $3.0 trillion of life reinsurance in force and assets of $43.2 billion.

Contact Information

  • For further information, please contact:
    Jeff Hopson
    Senior Vice President
    Investor Relations
    T 636.300.6106
    Email Contact

    Sally Smith
    Vice President
    Corporate Communications
    T 636.736.8167
    Email Contact