ST. LOUIS - Reinsurance Group (NYSE:RGA) of America, Incorporated (NYSE:RGA), a prominent life and health reinsurer, announced today the addition of Alison Rand to its Board of Directors. Rand, who brings extensive experience in corporate finance and risk management, commences her role on the board today.
Alison Rand's career highlights include her pivotal role as Chief Financial Officer for Primerica (NYSE:PRI), where she led the firm's initial public offering in 2010, which stood out as one of the most successful post-2008 financial crisis IPOs. Her tenure at Primerica began in 1995, and she ascended to the CFO role in 2000. Rand's financial leadership has been recognized for fostering investor trust and achieving financial excellence.
RGA's President and CEO, Tony Cheng, lauded Rand's prior accomplishments and her anticipated contributions to the company's growth and strategic execution. Stephen O'Hearn, RGA's Board Chair, also remarked on Rand's extensive leadership experience in the North American insurance market, which is expected to fortify the board's expertise.
In addition to her new position at RGA, Rand serves as an Independent Director of Regions Financial Corporation (NYSE:RF) and is involved with the University of Florida's Warrington College of Business as Vice Chair of the Dean’s Advisory Council. Her academic credentials include a B.S. in accounting from the University of Florida, and she is a certified public accountant.
RGA, established in 1973, is recognized as a global leader in reinsurance and financial solutions, with approximately $3.7 trillion of life reinsurance in force and $97.6 billion in assets as of December 31, 2023. The company emphasizes innovation and client focus to create sustainable value and make financial protection accessible globally.
This appointment is based on a press release statement from Reinsurance Group of America, Incorporated.
InvestingPro Insights
The appointment of Alison Rand to the Board of Directors of Reinsurance Group of America (NYSE:RGA) comes at a time when the company is exhibiting a robust financial performance. InvestingPro data shows a positive outlook with a market capitalization of $12.68 billion and a P/E ratio of 14.06, which reflects investor confidence in the company's earnings potential. Additionally, the company's revenue has grown by 14.42% over the last twelve months as of Q1 2023, indicating a strong upward trajectory in financial growth.
InvestingPro Tips highlight that RGA has raised its dividend for an impressive 14 consecutive years, signaling a commitment to returning value to shareholders. Moreover, the stock is trading near its 52-week high and has experienced a significant price uptick over the last six months, with a 34.23% total return, underscoring the market's positive reception to the company's performance.
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