Reinsurance Group of America (RGA) Prices Senior Notes Offering

Reinsurance Group of America, Incorporated (NYSE: RGA) (the “Company”) announced today that it has priced an aggregate principal amount of $400 million of 6.000% senior notes due 2033 (the “Senior Notes”) pursuant to a public offering. The Company expects to use the net proceeds from the offering, together with cash on hand, if necessary, to repay upon maturity its $400 million 4.70% senior notes due 2023, which mature on September 15, 2023, and the remainder, if any, for general corporate purposes.

J.P. Morgan Securities LLC, BofA Securities, Inc., U.S. Bancorp Investments, Inc. and SMBC Nikko Securities America, Inc. are acting as the joint book-running managers for the offering, and Mizuho Securities USA LLC and MUFG Securities Americas Inc. are serving as co-managers.

The Senior Notes have a maturity date of September 15, 2033, with a par-call option three months prior to maturity, an issue price of 99.639% and feature a fixed-rate coupon of 6.000%, payable semiannually. The Company expects to complete the offering of the Senior Notes on June 8, 2023, subject to customary closing conditions.

This offering is being conducted as a public offering by means of a prospectus supplement filed as part of a shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”) on Form S-3. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Senior Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This offering is being made solely by means of a prospectus and prospectus supplement.

Copies of the prospectus and final prospectus supplement relating to the offering, when available, may be obtained by contacting: J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, by telephone at (212) 834-4533 or by fax at (212) 834-6081; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, Email: [email protected], (800) 294-1322; and U.S. Bancorp Investments, Inc., 214 N. Tryon Street, 26th Floor, Charlotte, North Carolina 28202, Facsimile: (877) 774-3462, Attention: Debt Capital Markets. Before you invest, you should read the prospectus and the final prospectus supplement, when available, and the documents that are incorporated by reference therein for more complete information about the offering. Investors may also obtain these documents for free by visiting the EDGAR system on the SEC’s website at www.sec.gov or by contacting the underwriters listed above with your request.

About RGA

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is one of the world’s largest and most respected reinsurers and is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.4 trillion of life reinsurance in force and assets of $89.1 billion as of March 31, 2023.

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