Reinsurance Group of America, Incorporated (RGA) Stock Analysis & Winston Score

Reinsurance Group of America (RGA) is a company that sells insurance to other insurance companies. When a life insurance or health insurance company takes on more risk than it wants to carry alone, it pays RGA to share that risk. RGA is one of the largest life and health reinsurers in the world, serving insurance companies across more than 80 countries. RGA makes money by collecting premiums from its insurance company clients and paying out claims when policyholders die or get sick. It operates globally, with major business in the United States, Canada, Europe, Asia, and Australia, and generates roughly $20 billion in annual premiums. Its competitive edge comes from deep expertise in underwriting and mortality data, which is hard for smaller rivals to replicate. The key growth driver is expanding life insurance coverage in emerging markets like Asia, while the main risk is that actual death or illness rates come in higher than RGA's models predicted.