RGA Welcomes Former Primerica CFO Alison Rand to its Board
Reinsurance Group of America, Incorporated (NYSE:RGA), a distinguished life and health reinsurer, is pleased to announce Alison Rand as the newest member of its Board of Directors. With her appointment taking effect today, Rand brings a wealth of knowledge and expertise in corporate finance and risk management to the team.
Alison Rand distinguished herself as a key player in the financial field during her time as Chief Financial Officer at Primerica (NYSE:PRI). Notably, she was instrumental in leading Primerica’s initial public offering in 2010, marking it as a standout success in the period following the 2008 financial crisis. Rand’s journey with Primerica began in 1995, culminating in her promotion to CFO in 2000, a position through which she fostered trust among investors and led the company to financial success.
Tony Cheng, RGA’s President and CEO, expressed enthusiasm for Rand’s appointment, commending her past achievements and the fresh perspective she is expected to bring to the company’s strategic initiatives. Similarly, RGA’s Board Chair, Stephen O’Hearn, highlighted Rand’s profound leadership experience in the North American insurance market, which is anticipated to strengthen the board’s collective expertise.
Rand’s current roles extend beyond RGA; she serves as an Independent Director at Regions Financial Corporation (NYSE:RF) and actively contributes to the University of Florida’s Warrington College of Business as Vice Chair of the Dean’s Advisory Council. Her educational background includes a B.S. in accounting from the University of Florida, and she is also a certified public accountant.
Founded in 1973, RGA stands as a global leader in reinsurance and financial solutions. The company boasts approximately $3.7 trillion of life reinsurance in force and $97.6 billion in assets as of December 31, 2023. With a focus on innovation and client engagement, RGA continues to deliver sustainable value and widen access to financial protection worldwide.
The addition of Alison Rand to RGA’s Board of Directors signals a period of robust financial health for the company. Current financial data exhibit a positive market outlook, with RGA holding a market capitalization of $12.68 billion and enjoying a P/E ratio of 14.06. This indicates strong investor confidence in the company’s earning capabilities. Additionally, RGA has demonstrated a 14.42% revenue growth over the last year as of Q1 2023, showcasing its continued financial momentum.
RGA’s history of increasing its dividend for 14 consecutive years reflects its dedication to shareholder value. The stock is presently trading near its 52-week high, having achieved a 34.23% total return over the past six months. This performance is a testament to the market’s optimism regarding the company’s direction.
For investors interested in a deeper analysis and further insights, RGA’s profile on InvestingPro includes a comprehensive array of tips and guidance. Investors looking to expand their understanding and make well-informed decisions in the sector can find valuable resources to aid in their investment strategies.
