AG˹ٷ

STOCK TITAN

[8-K] Reinsurance Group of America, Incorporated Reports Material Event

Filing Impact
(Neutral)
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(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Compass, Inc. filed a Form D reporting completion of a $501,897 private placement of Class A common stock under Rule 506(b). The shares were issued on 16 Jul 2025 to a single investor in satisfaction of a hold-back obligation from a prior acquisition; therefore the transaction is tied to a business-combination settlement rather than a new cash raise.

The New York-based Delaware corporation is classified as operating in the Residential AG˹ٷ Estate industry and discloses annual revenue of over $100 million. Minimum outside investment was $10,000; no non-accredited investors participated. No sales commissions or finder’s fees were paid, and the issuer does not expect the offering to continue beyond one year.

Given the company’s revenue scale, the 0.5 million-dollar issuance appears immaterial and enables Compass to conserve cash while meeting acquisition-related obligations with negligible dilution.

Compass, Inc. ha depositato un Modulo D segnalando il completamento di un collocamento privato di 501.897 dollari di azioni ordinarie di Classe A ai sensi della Regola 506(b). Le azioni sono state emesse il 16 luglio 2025 a un unico investitore per soddisfare un obbligo di trattenuta derivante da un'acquisizione precedente; pertanto, l'operazione è collegata a una risoluzione di fusione aziendale e non a una nuova raccolta di fondi.

La società del Delaware con sede a New York opera nel settore del mercato immobiliare residenziale e dichiara un fatturato annuo di oltre 100 milioni di dollari. L'investimento minimo esterno era di 10.000 dollari; non hanno partecipato investitori non accreditati. Non sono state corrisposte commissioni di vendita o commissioni a intermediari e l'emittente non prevede che l'offerta prosegua oltre un anno.

Considerando la scala dei ricavi dell'azienda, l'emissione da 0,5 milioni di dollari appare irrilevante e consente a Compass di conservare liquidità rispettando gli obblighi legati all'acquisizione con una diluizione trascurabile.

Compass, Inc. presentó un Formulario D reportando la finalización de una colocación privada de $501,897 en acciones ordinarias Clase A bajo la Regla 506(b). Las acciones se emitieron el 16 de julio de 2025 a un solo inversor para cumplir con una obligación de retención derivada de una adquisición previa; por lo tanto, la transacción está vinculada a una liquidación por combinación empresarial y no a una nueva recaudación de fondos.

La corporación de Delaware con sede en Nueva York se clasifica en la industria de Bienes Raíces Residenciales y declara ingresos anuales de más de 100 millones de dólares. La inversión mínima externa fue de $10,000; no participaron inversores no acreditados. No se pagaron comisiones de venta ni honorarios a intermediarios y el emisor no espera que la oferta continúe más allá de un año.

Dada la escala de ingresos de la empresa, la emisión de 0.5 millones de dólares parece insignificante y permite a Compass conservar efectivo mientras cumple con obligaciones relacionadas con adquisiciones con una dilución mínima.

Compass, Inc.규칙 506(b)� 따라 클래� A 보통� $501,897� 사모 발행 완료� 보고하 Form D� 제출했습니다. 해당 주식은 2025� 7� 16� 단일 투자자에� 이전 인수에서 발생� 보유 의무� 충족하기 위해 발행되었으며, 따라� � 거래� 신규 자금 조달� 아닌 사업 결합 합의와 관련이 있습니다.

뉴욕� 본사� � 델라웨어 법인은 주거� 부동산 산업� 속하� 연간 매출� 1� 달러 이상임을 공시합니�. 최소 외부 투자금은 $10,000였으며, 비인� 투자자 참여하지 않았습니�. 판매 수수료나 중개 수수료 지급되지 않았으며 발행인은 제안� 1� 이상 지속될 것으� 예상하지 않습니다.

회사� 매출 규모� 고려� �, 50� 달러 발행은 중요하지 않은 수준이며 Compass가 현금� 절약하면� 인수 관� 의무� 거의 희석 없이 이행� � 있도� 합니�.

Compass, Inc. a déposé un formulaire D signalant la réalisation d'un placement privé de 501 897 $ d'actions ordinaires de classe A conformément à la règle 506(b). Les actions ont été émises le 16 juillet 2025 à un seul investisseur pour satisfaire une obligation de retenue liée à une acquisition antérieure ; par conséquent, la transaction est liée à un règlement de fusion d'entreprise plutôt qu'à une nouvelle levée de fonds.

La société basée dans le Delaware avec siège à New York est classée dans le secteur de l'immobilier résidentiel et déclare un chiffre d'affaires annuel de plus de 100 millions de dollars. L'investissement minimum extérieur était de 10 000 $ ; aucun investisseur non accrédité n'a participé. Aucune commission de vente ni frais d'intermédiaire n'ont été versés, et l'émetteur ne prévoit pas que l'offre se poursuive au-delà d'un an.

Compte tenu de l'échelle des revenus de l'entreprise, l'émission de 0,5 million de dollars semble négligeable et permet à Compass de conserver des liquidités tout en respectant ses obligations liées à l'acquisition avec une dilution minime.

Compass, Inc. hat ein Formular D eingereicht, in dem der Abschluss einer Privatplatzierung von 501.897 USD in Class A Stammaktien gemäß Rule 506(b) gemeldet wird. Die Aktien wurden am 16. Juli 2025 an einen einzelnen Investor ausgegeben, um eine Rückbehaltungsverpflichtung aus einer früheren Akquisition zu erfüllen; daher ist die Transaktion an eine Unternehmenszusammenschlussabwicklung gebunden und keine neue Kapitalerhöhung.

Das in Delaware ansässige Unternehmen mit Sitz in New York ist in der Branche Wohnimmobilien tätig und gibt einen Jahresumsatz von über 100 Millionen USD an. Die Mindestanlage externer Investoren betrug 10.000 USD; es nahmen keine nicht akkreditierten Investoren teil. Es wurden keine Verkaufsprovisionen oder Vermittlungsgebühren gezahlt, und der Emittent erwartet nicht, dass das Angebot länger als ein Jahr fortgesetzt wird.

Angesichts des Umsatzvolumens des Unternehmens erscheint die 0,5-Millionen-Dollar-Emission unerheblich und ermöglicht es Compass, Liquidität zu schonen und gleichzeitig akquisitionsbezogene Verpflichtungen mit vernachlässigbarer Verwässerung zu erfüllen.

Positive
  • No cash outlay: settling acquisition holdback with equity preserves cash resources.
  • No fees: transaction incurred zero sales commissions or finder’s fees, minimizing costs.
Negative
  • Share dilution: issuance of additional stock, albeit small, marginally increases outstanding shares.

Insights

TL;DR: $502K Rule 506(b) share issuance settles acquisition holdback; negligible size vs. >$100M revenue, minimal dilution, neutral impact.

The Form D reveals Compass issued $501,897 of Class A stock to one accredited investor on 16 Jul 2025. Proceeds settle a previously agreed holdback tied to an acquisition, so the deal avoids cash outflow. Revenue category (> $100 m) implies the issuance is less than 1% of annual sales, suggesting de minimis dilution and no balance-sheet strain. Absence of commissions keeps the transaction cost-efficient. Because the filing reflects routine post-M&A consideration rather than fresh capital, market impact should be limited. Investors may monitor share count changes but the event is operationally and financially non-material.

Compass, Inc. ha depositato un Modulo D segnalando il completamento di un collocamento privato di 501.897 dollari di azioni ordinarie di Classe A ai sensi della Regola 506(b). Le azioni sono state emesse il 16 luglio 2025 a un unico investitore per soddisfare un obbligo di trattenuta derivante da un'acquisizione precedente; pertanto, l'operazione è collegata a una risoluzione di fusione aziendale e non a una nuova raccolta di fondi.

La società del Delaware con sede a New York opera nel settore del mercato immobiliare residenziale e dichiara un fatturato annuo di oltre 100 milioni di dollari. L'investimento minimo esterno era di 10.000 dollari; non hanno partecipato investitori non accreditati. Non sono state corrisposte commissioni di vendita o commissioni a intermediari e l'emittente non prevede che l'offerta prosegua oltre un anno.

Considerando la scala dei ricavi dell'azienda, l'emissione da 0,5 milioni di dollari appare irrilevante e consente a Compass di conservare liquidità rispettando gli obblighi legati all'acquisizione con una diluizione trascurabile.

Compass, Inc. presentó un Formulario D reportando la finalización de una colocación privada de $501,897 en acciones ordinarias Clase A bajo la Regla 506(b). Las acciones se emitieron el 16 de julio de 2025 a un solo inversor para cumplir con una obligación de retención derivada de una adquisición previa; por lo tanto, la transacción está vinculada a una liquidación por combinación empresarial y no a una nueva recaudación de fondos.

La corporación de Delaware con sede en Nueva York se clasifica en la industria de Bienes Raíces Residenciales y declara ingresos anuales de más de 100 millones de dólares. La inversión mínima externa fue de $10,000; no participaron inversores no acreditados. No se pagaron comisiones de venta ni honorarios a intermediarios y el emisor no espera que la oferta continúe más allá de un año.

Dada la escala de ingresos de la empresa, la emisión de 0.5 millones de dólares parece insignificante y permite a Compass conservar efectivo mientras cumple con obligaciones relacionadas con adquisiciones con una dilución mínima.

Compass, Inc.규칙 506(b)� 따라 클래� A 보통� $501,897� 사모 발행 완료� 보고하 Form D� 제출했습니다. 해당 주식은 2025� 7� 16� 단일 투자자에� 이전 인수에서 발생� 보유 의무� 충족하기 위해 발행되었으며, 따라� � 거래� 신규 자금 조달� 아닌 사업 결합 합의와 관련이 있습니다.

뉴욕� 본사� � 델라웨어 법인은 주거� 부동산 산업� 속하� 연간 매출� 1� 달러 이상임을 공시합니�. 최소 외부 투자금은 $10,000였으며, 비인� 투자자 참여하지 않았습니�. 판매 수수료나 중개 수수료 지급되지 않았으며 발행인은 제안� 1� 이상 지속될 것으� 예상하지 않습니다.

회사� 매출 규모� 고려� �, 50� 달러 발행은 중요하지 않은 수준이며 Compass가 현금� 절약하면� 인수 관� 의무� 거의 희석 없이 이행� � 있도� 합니�.

Compass, Inc. a déposé un formulaire D signalant la réalisation d'un placement privé de 501 897 $ d'actions ordinaires de classe A conformément à la règle 506(b). Les actions ont été émises le 16 juillet 2025 à un seul investisseur pour satisfaire une obligation de retenue liée à une acquisition antérieure ; par conséquent, la transaction est liée à un règlement de fusion d'entreprise plutôt qu'à une nouvelle levée de fonds.

La société basée dans le Delaware avec siège à New York est classée dans le secteur de l'immobilier résidentiel et déclare un chiffre d'affaires annuel de plus de 100 millions de dollars. L'investissement minimum extérieur était de 10 000 $ ; aucun investisseur non accrédité n'a participé. Aucune commission de vente ni frais d'intermédiaire n'ont été versés, et l'émetteur ne prévoit pas que l'offre se poursuive au-delà d'un an.

Compte tenu de l'échelle des revenus de l'entreprise, l'émission de 0,5 million de dollars semble négligeable et permet à Compass de conserver des liquidités tout en respectant ses obligations liées à l'acquisition avec une dilution minime.

Compass, Inc. hat ein Formular D eingereicht, in dem der Abschluss einer Privatplatzierung von 501.897 USD in Class A Stammaktien gemäß Rule 506(b) gemeldet wird. Die Aktien wurden am 16. Juli 2025 an einen einzelnen Investor ausgegeben, um eine Rückbehaltungsverpflichtung aus einer früheren Akquisition zu erfüllen; daher ist die Transaktion an eine Unternehmenszusammenschlussabwicklung gebunden und keine neue Kapitalerhöhung.

Das in Delaware ansässige Unternehmen mit Sitz in New York ist in der Branche Wohnimmobilien tätig und gibt einen Jahresumsatz von über 100 Millionen USD an. Die Mindestanlage externer Investoren betrug 10.000 USD; es nahmen keine nicht akkreditierten Investoren teil. Es wurden keine Verkaufsprovisionen oder Vermittlungsgebühren gezahlt, und der Emittent erwartet nicht, dass das Angebot länger als ein Jahr fortgesetzt wird.

Angesichts des Umsatzvolumens des Unternehmens erscheint die 0,5-Millionen-Dollar-Emission unerheblich und ermöglicht es Compass, Liquidität zu schonen und gleichzeitig akquisitionsbezogene Verpflichtungen mit vernachlässigbarer Verwässerung zu erfüllen.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
 CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 29, 2025
 REINSURANCE GROUP OF AMERICA, INCORPORATED
(Exact Name of Registrant as Specified in its Charter)

Missouri 1-11848 43-1627032
(State or Other Jurisdiction
of Incorporation)
 (Commission
File Number)
 (IRS Employer
Identification Number)
16600 Swingley Ridge Road, Chesterfield, Missouri 63017
(Address of Principal Executive Office)
Registrant’s telephone number, including area code: (636736-7000
 
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01RGANew York Stock Exchange
5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056RZBNew York Stock Exchange
7.125% Fixed Rate Reset Subordinated Debentures due 2052RZCNew York Stock Exchange
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 



Item 2.02Results of Operations and Financial Condition.
On July 31, 2025, Reinsurance Group of America, Incorporated (the “Company”) issued (1) a press release (the “Earnings Release”) announcing its earnings for the three-month period ended June 30, 2025, and providing certain additional information, a copy of which is furnished as Exhibit 99.1 and is incorporated herein by reference and (2) a quarterly financial supplement for the quarter ended June 30, 2025, a copy of which is furnished as Exhibit 99.2 and is incorporated herein by reference. The Earnings Release also notes that a conference call will be held on August 1, 2025 to discuss the financial and operating results for the three-month period ended June 30, 2025 (the “Earnings Call”).

Item 7.01Regulation FD Disclosure.
On July 31, 2025, the Company issued a press release (the “Transaction Press Release”) announcing that RGA Reinsurance Company (“RGA Re”), a subsidiary of the Company, has entered into coinsurance and modified coinsurance agreements (the “Reinsurance Agreements”) with subsidiaries of Equitable Holdings, Inc. (collectively, the “Counterparty”), as contemplated by the previously announced master transaction agreement executed by RGA Re and the Counterparty in February 2025. Under the Reinsurance Agreements the Counterparty has ceded to RGA Re a 75% quota share of the Counterparty’s in-force individual life insurance liabilities, consisting of approximately $32 billion of a diversified mix of life insurance products. A copy of the Transaction Press Release is furnished as Exhibit 99.3 and is incorporated herein by reference.
In connection with the Earnings Call, the Company has prepared a presentation, dated July 31, 2025 (the “Earnings Presentation”), a copy of which is furnished as Exhibit 99.4 and incorporated herein by reference. The Earnings Release announced that effective July 29, 2025 the Company’s board of directors declared a regular quarterly dividend of $0.93, payable August 26, 2025 to shareholders of record as of August 12, 2025.
The information set forth in Exhibits 99.1, 99.2, 99.3 and 99.4 of this Current Report on Form 8-K is being furnished and shall not be deemed to be “filed”, as described in Instruction B.2 of Form 8-K.

Cautionary Note Regarding Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and federal securities laws including, among others, statements relating to projections of the future operations, strategies, earnings, revenues, income or loss, ratios, financial performance, and growth potential of Reinsurance Group of America, Incorporated (the “Company”), and future developments associated with the previously announced transaction relating to the master transaction agreement that a Company subsidiary entered into with subsidiaries of Equitable Holdings, Inc, pursuant to which on July 31, 2025 such Company subsidiary entered into coinsurance and modified coinsurance agreements with those counterparties (the “Reinsurance Transaction”). Forward-looking statements often contain words and phrases such as “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “if,” “intend,” “likely,” “may,” “plan,” “potential,” “pro forma,” “project,” “should,” “will,” “would,” and other words and terms of similar meaning or that are otherwise tied to future periods or future performance, in each case in all derivative forms. Forward-looking statements are based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Forward-looking statements are not a guarantee of future performance and are subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results, performance, and achievements could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
Factors that could also cause results or events to differ, possibly materially, from those expressed or implied by forward-looking statements, include, among others: (1) adverse changes in mortality, morbidity, lapsation, or claims experience, (2) inadequate risk analysis and underwriting, (3) adverse capital and credit market conditions and their impact on the Company’s liquidity, access to capital, and cost of capital, (4) changes in the Company’s financial



strength and credit ratings and the effect of such changes on the Company’s future results of operations and financial condition, (5) the availability and cost of collateral necessary for regulatory reserves and capital, (6) requirements to post collateral or make payments due to declines in the market value of assets subject to the Company’s collateral arrangements, (7) action by regulators that have authority over the Company’s reinsurance operations in the jurisdictions in which it operates, (8) the effect of the Company parent’s status as an insurance holding company and regulatory restrictions on its ability to pay principal of and interest on its debt obligations, (9) general economic conditions or a prolonged economic downturn affecting the demand for insurance and reinsurance in the Company’s current and planned markets, (10) the impairment of other financial institutions and its effect on the Company’s business, (11) fluctuations in U.S. or foreign currency exchange rates, interest rates, or securities and real estate markets, (12) market or economic conditions that adversely affect the value of the Company’s investment securities or result in the impairment of all or a portion of the value of certain of the Company’s investment securities that in turn could affect regulatory capital, (13) market or economic conditions that adversely affect the Company’s ability to make timely sales of investment securities, (14) risks inherent in the Company’s risk management and investment strategy, including changes in investment portfolio yields due to interest rate or credit quality changes, (15) the fact that the determination of allowances and impairments taken on the Company’s investments is highly subjective, (16) the stability of and actions by governments and economies in the markets in which the Company operates, including ongoing uncertainties regarding the amount of U.S. sovereign debt and the credit ratings thereof, (17) the Company’s dependence on third parties, including those insurance companies and reinsurers to which the Company cedes some reinsurance, third-party investment managers, and others, (18) financial performance of the Company’s clients, (19) the threat of natural disasters, catastrophes, terrorist attacks, pandemics, epidemics, or other major public health issues anywhere in the world where the Company or its clients do business, (20) competitive factors and competitors’ responses to the Company’s initiatives, (21) development and introduction of new products and distribution opportunities, (22) execution of the Company’s entry into new markets, (23) integration of acquired blocks of business and entities, (24) interruption or failure of the Company’s telecommunication, information technology, or other operational systems, or the Company’s failure to maintain adequate security to protect the confidentiality or privacy of personal or sensitive data and intellectual property stored on such systems, (25) adverse developments with respect to litigation, arbitration, or regulatory investigations or actions, (26) the adequacy of reserves, resources, and accurate information relating to settlements, awards, and terminated and discontinued lines of business, (27) changes in laws, regulations, and accounting standards applicable to the Company or its business, (28) the Company’s ability to achieve the expected benefits of the Reinsurance Transaction, and (29) other risks and uncertainties described in this document and in the Company’s filings with the Securities and Exchange Commission (“SEC”).
Forward-looking statements should be evaluated together with the many risks and uncertainties that affect the Company’s business, including those mentioned in this document and described in the periodic reports the Company files with the SEC. These forward-looking statements speak only as of the date on which they are made. The Company does not undertake any obligation to update these forward-looking statements, even though the Company’s situation may change in the future, except as required under applicable securities law. For a discussion of the risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements, you are advised to see Item 1A – “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as may be supplemented by Item 1A – “Risk Factors” in the Company’s subsequent Quarterly Reports on Form 10-Q and in our other periodic and current reports filed with the SEC.
Item 9.01Financial Statements and Exhibits
(d) Exhibits.



 
Exhibit No.  Exhibit
99.1
  
Press Release of Reinsurance Group of America, Incorporated dated July 31, 2025 (Earnings Release)
99.2
  
Quarterly Financial Supplement for the quarter ended June 30, 2025
99.3
  
Press Release of Reinsurance Group of America, Incorporated dated July 31, 2025 (Transaction Press Release)
99.4
Earnings Presentation dated July 31, 2025
104Cover Page Interactive Data File (formatted as Inline XBRL)






SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 REINSURANCE GROUP OF AMERICA, INCORPORATED
Date: July 31, 2025 By:/s/ Axel André
  Axel André
  Executive Vice President and Chief Financial Officer




FAQ

How much equity did Compass (COMP) issue in the Form D offering?

Compass issued $501,897 of Class A common stock.

Why was the equity issued by Compass?

Shares were used to pay a holdback amount related to a prior acquisition.

Were any non-accredited investors involved?

No. The filing lists one investor, and the non-accredited box is unchecked.

What exemption does Compass rely on for this private placement?

The company claimed the Rule 506(b) exemption under Regulation D.

Did Compass pay any sales commissions or finder’s fees?

No, the filing reports $0 in commissions and finder’s fees.

Is this offering expected to last more than one year?

No. Compass indicated the offering will not continue beyond one year.

What is Compass’s reported revenue range?

Compass selected the category of over $100 million in annual revenue.
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12.59B
65.85M
0.41%
99.45%
0.64%
Insurance - Reinsurance
Life Insurance
United States
CHESTERFIELD