美国再保险集团 2024年度报告

☒Annual report pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year endedDecember 31, 2024☐Transition report pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934Commission file number1-11848 Securities registered pursuant to Section12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yesx No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subjectto such filing requirements for the past 90 days.YesxNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files).Yesx No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act.Large accelerated filerxAccelerated filer☐Non-accelerated filer☐Smaller reporting company☐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 complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment ofthe effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.x If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company.Yes☐Nox The aggregate market value of the stock held by non-affiliates of the registrant, based upon the closing sale price of the common stock onJune30, 2024, as reported on the New York Stock Exchange was approximately $13.5billion. As of January31, 2025,66,024,444shares of the registrant’s common stock were outstanding. Table of Contents DOCUMENTS INCORPORATED BY REFERENCE Part III of this Form 10-K incorporates by reference certain information from the Registrant’s Definitive Proxy Statement for the AnnualMeeting of Shareholders (the “Proxy Statement”) to be held on May 21, 2025, to be filed by the Registrant with the Securities and ExchangeCommission pursuant to Regulation 14A not later than 120 days after the year ended December31, 2024. PART I 1Business1ARisk Factors1BUnresolved Staff Comments1CCybersecurity2Properties3Legal Proceedings4Mine Safety Disclosures PART II 5Market for Registrant’s Common Equity, Related Stockholders Matters, and Issuer Purchases of EquitySecurities6Reserved7Management’s Discussion and Analysis of Financial Condition and Results of Operations7AQuantitative and Qualitative Disclosures about Market Risk8Financial Statements and Supplementary Data9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure9AControls and Procedures9BOther Information9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections PART III 10Directors, Executive Officers, and Corporate Governance11Executive Compensation12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters13Certain Relationships and Related Transactions, and Director Independence14Principal Accountant Fees and Services PART IV 15Exhibits and Financial Statement Schedules16Form 10-K Summary 181181 Item1.BUSINESS Overview A. Reinsurance Group of America, Incorporated (“RGA”) is an insurance holding company that was formed on December 31, 1992. Theconsolidated financial statements herein include the assets, liabilities, and results of operations of RGA and its subsidiaries, all of which arewholly owned, and is referred to as the “Company”, “we”, “us” and “ou