-

AM Best Assigns Issue Credit Rating to Reinsurance Group of America, Incorporated’s New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the $650 million, 5.75% senior unsecured notes, due Sept. 15, 2034, recently issued by Reinsurance Group of America, Incorporated (RGA) (Chesterfield, MO) [NYSE: RGA]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of RGA and its insurance subsidiaries remain unchanged.

The proceeds from the sale of the notes will be used to pay for general corporate purposes. RGA’s financial leverage and interest coverage will remain within AM Best’s guidelines to support the company’s current ratings.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Louis Silvers
Senior Financial Analyst
+1 908 882 2316
louis.silvers@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Michael Porcelli
Senior Director
+1 908 882 2250
michael.porcelli@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

AM Best

NYSE:RGA

Release Versions
Hashtags

Contacts

Louis Silvers
Senior Financial Analyst
+1 908 882 2316
louis.silvers@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Michael Porcelli
Senior Director
+1 908 882 2250
michael.porcelli@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Social Media Profiles
More News From AM Best

AM Best Revises Outlooks to Stable for Oxford Life Insurance Company and Its Subsidiary and Affirms Credit Ratings of Repwest Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Oxford Life Insurance Company (Oxford Life) (Phoenix, AZ) and its subsidiary, Christian Fidelity Life Insurance Company (Dallas, TX), which are collectively referred to as Oxford Group. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR...

AM Best Affirms Credit Ratings of Arab Reinsurance Company SAL

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” (Fair) of Arab Reinsurance Company SAL (Arab Re) (Lebanon). The outlook of the FSR is stable, and the outlook of the Long-Term ICR is positive.These Credit Ratings (ratings) reflect Arab Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterpri...

Best's Review Discusses the Future of Technology and Insurance

OLDWICK, N.J.--(BUSINESS WIRE)--In the October issue, Best’s Review explores executives' ideas on where technology will take the insurance industry over the next decade.Interviews with three industry leaders reveal a common hope that in a world of increasingly automated processes, their services will actually be more personalized than ever. Read more in “Beyond Automation: How AI, Telematics and Emerging Tech Are Reshaping Insurance.”Best’s Review is AM Best’s monthly insurance magazine, coverin...
Back to Newsroom