ST. LOUIS, April 4, 2014 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life reinsurer, has been named to Forbes magazine’s inaugural 2014 “America’s 50 Most Trustworthy Financial Companies” list.
This new list, which includes only banks and insurance companies, was compiled for Forbes by GMI Ratings (GMI), a company that provides research coverage of the environmental, social, governance and accounting-related risks affecting the performance of public companies. GMI, which also produces the “America’s 100 Most Trustworthy Companies” list for Forbes, developed its list of candidates for the new list by assessing specific accounting and governance factors for publicly traded banks and insurance companies in North America. The factors were then used to develop the AGR (“Aggressive Accounting and Governance Risk”) scores for each company.
RGA’s average AGR score of 95 of a possible 100 for the past four quarters indicates consistent, strong fundamental values of conservative accounting, transparency and sound corporate governance and management practices.
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 $2.9 trillion of life reinsurance in force and assets of $39.7 billion.