RGA (Reinsurance Group of America) is one of the world's largest life and health reinsurers. RGA takes on insurance risk from primary life and health insurance companies — known as ceding companies — in exchange for premiums. Ceding companies reinsure to reduce their own risk exposure, free up regulatory capital, or access RGA's underwriting expertise. RGA's core product is traditional life and health reinsurance, covering mortality, morbidity, disability, critical illness, and longevity risks. RGA also writes financial solutions business — primarily reinsurance of annuities and other investment-oriented products where RGA takes on investment risk, plus pension risk transfer transactions and capital solutions. RGA makes money two ways: underwriting margin on traditional reinsurance (premiums collected minus claims paid, with profitability driven by pricing accuracy) and investment spread on financial solutions (the difference between what RGA earns on invested assets and what it credits to policyholders). RGA operates through four geographic segments: U.S. and Latin America (the largest), Canada, EMEA, and Asia Pacific, with international operations contributing over half of earnings. RGA's growth priorities include Asia traditional and financial solutions reinsurance, U.K. longevity and pension risk transfer (where RGA claims market leadership), and U.S. traditional reinsurance. RGA targets an ROE of 13%–15% and annual EPS growth of 8%–10%, deploying capital primarily into in-force block transactions, with the remainder allocated to buybacks, dividends, and debt reduction.