Reinsurance Group to Fully Redeem 2056 Subordinated Debentures

An announcement from Reinsurance Group ( (RGA) ) is now available.

Reinsurance Group of America, Incorporated announced on May 1, 2026, that it will redeem in full its $400 million aggregate principal amount of 5.75% Fixed-to-Floating Rate Subordinated Debentures due 2056, which are listed on the NYSE under the symbol RZB. The debentures will be redeemed on June 15, 2026, at 100% of principal plus accrued and unpaid interest up to, but excluding, the redemption date.

Upon redemption on June 15, 2026, interest on the 2056 Debentures will cease to accrue, effectively retiring this specific layer of subordinated debt from the company’s capital structure. The move marks a notable balance sheet event for RGA and affects holders of the RZB securities, who will receive par value plus accrued interest as their position is fully called away.

The notice of redemption will be delivered to debenture holders by The Bank of New York Mellon Trust Company, N.A., acting as trustee at the company’s direction. This operational step formalizes the process for investors and underscores that the press communication itself does not constitute the official notice, which will be governed by the terms of the existing indenture.

The most recent analyst rating on (RGA) stock is a Buy with a $264.00 price target. To see the full list of analyst forecasts on Reinsurance Group stock, see the RGA Stock Forecast page.

Spark’s Take on RGA Stock

According to Spark, TipRanks’ AI Analyst, RGA is a Outperform.

The score is driven primarily by solid financial performance (growth, improved profitability, and strengthening leverage) and a strong earnings-call outlook with clear medium-term targets and capital return plans. Valuation is supportive at a modest P/E with a dividend. These positives are tempered by weaker short-term technical momentum and the inherent volatility highlighted in margins, cash flows, and certain near-term operating items.

To see Spark’s full report on RGA stock, click here.

More about Reinsurance Group

Reinsurance Group of America, Incorporated is a global leader in life and health reinsurance and related financial solutions, helping insurers manage risk and optimize capital. Founded in 1973 and listed on the NYSE under the ticker RGA, the company reported approximately $4.3 trillion of life reinsurance in force and total assets of $156.6 billion as of December 31, 2025.

RGA positions itself as a capabilities and solutions provider, emphasizing innovation, execution, and client focus to deliver long-term value. The group operates worldwide, offering products tailored to life and health risk transfer and capital management, reinforcing its role as one of the largest and most respected reinsurers in the global insurance market.

Average Trading Volume: 372,670

Technical Sentiment Signal: Strong Buy

Current Market Cap: $13.85B

Find detailed analytics on RGA stock on TipRanks’ Stock Analysis page.