0001193125-16-609328.txt : 20160601 0001193125-16-609328.hdr.sgml : 20160601 20160601094237 ACCESSION NUMBER: 0001193125-16-609328 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160601 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160601 DATE AS OF CHANGE: 20160601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REINSURANCE GROUP OF AMERICA INC CENTRAL INDEX KEY: 0000898174 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 431627032 STATE OF INCORPORATION: MO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11848 FILM NUMBER: 161688090 BUSINESS ADDRESS: STREET 1: 16600 SWINGLEY RIDGE ROAD CITY: CHESTERFIELD STATE: MO ZIP: 63017 BUSINESS PHONE: 6367367000 MAIL ADDRESS: STREET 1: 16600 SWINGLEY RIDGE ROAD CITY: CHESTERFIELD STATE: MO ZIP: 63017 8-K 1 d202466d8k.htm 8-K 8-K

 

 

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): June 1, 2016

 

 

REINSURANCE GROUP OF AMERICA, INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Missouri

(State or Other Jurisdiction

of Incorporation)

  

1-11848

(Commission

File Number)

  

43-1627032

(IRS Employer

Identification Number)

16600 Swingley Ridge Road, Chesterfield, Missouri 63017

(Address of Principal Executive Office)

Registrant’s telephone number, including area code: (636) 736-7000

 

 

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))

 

 

 

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

 

Exhibit

No.

   

Exhibit

12.1    Computation of ratio of earnings to fixed charges and ratio of earnings to fixed charges excluding interest credited under reinsurance contracts

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: June 1, 2016     By:  

/s/ Todd C. Larson

     

Todd C. Larson

Senior Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

 

Exhibit Number    Description
12.1    Computation of ratio of earnings to fixed charges and ratio of earnings to fixed charges excluding interest credited under reinsurance contracts
 EX-12.1 2 d202466dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Ratio of Earnings to Fixed Charges

(dollars in millions)

 

     Years Ended December 31,      Three Months
Ended
March 31, 2016		  
     2011      2012      2013      2014      2015     

Income before income taxes

    $ 763.6       $ 919.2       $ 635.3       $ 1,008.5       $ 744.8       $ 107.6   

Less:

                  

Undistributed income of investees accounted for under the equity method

      3.1         3.3         4.3         3.0         7.0         1.8   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Adjusted earnings before fixed charges

      760.5         915.9         631.0         1,005.5         737.8         105.8   

Add fixed charges:

                  

Interest expense

      115.0         117.5         134.8         108.1         165.5         39.1   

Interest credited on reinsurance contracts

      316.4         379.9         476.5         451.0         337.0         87.9   

One-third of rentals

      6.3         6.5         6.2         6.4         4.0         1.0   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total fixed charges

      437.7         503.9         617.5         565.5         506.5         128.0   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total earnings plus fixed charges

    $ 1,198.2       $ 1,419.8       $ 1,248.5       $ 1,571.0       $ 1,244.3       $ 233.8   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges

      2.7         2.8         2.0         2.8         2.5         1.8   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total fixed charges

    $ 437.7       $ 503.9       $ 617.5       $ 565.5       $ 506.5       $ 128.0   

Less interest credited on reinsurance contracts

      316.4         379.9         476.5         451.0         337.0         87.9   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total fixed charges excluding interest credited(1)

      121.3         124.0         141.0         114.5         169.5         40.1   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total earnings plus fixed charges excluding interest credited under reinsurance contracts(1)

    $ 881.8       $ 1,039.9       $ 772.0       $ 1,120.0       $ 907.3       $ 145.9   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges excluding interest credited under reinsurance contracts(1)

      7.3         8.4         5.5         9.8         5.4         3.6   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) This information is not required, but the Company believes it provides additional useful information on the coverage of fixed charges that are not related to its products.