Transaction summary

AMSTERDAM, July 7, 2020 – Reinsurance Group of America, Incorporated (NYSE: RGA) (RGA) today announced that it has agreed to sell its Dutch life insurance company, Leidsche Verzekering Maatschappij N.V. (Leidsche), to De Goudse N.V. (De Goudse). Leidsche has liabilities of approximately $0.5bn at year end 2019. The sale process was initiated in a pre-COVID-19 environment, however, even during these unprecedented times all parties were able to achieve an optimal transaction outcome whilst running a completely virtual process.

Official press release: RGA

Emendo Capital acted as exclusive financial adviser to RGA.

About Leidsche

Leidsche is a Dutch life insurance company with a diversified product portfolio that is licenced by the Dutch Central Bank and the Dutch Authority for the Financial Markets. The company was founded in 1994, is headquartered in Gouda, and employs over 30 employees.

For additional information on Leidsche, visit www.leidscheverzekeringen.nl.

About RGA

Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.4 trillion of life reinsurance in force and assets of $75.7 billion as of March 31, 2020. Founded in 1973, RGA is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.

For additional information on RGA, visit www.rgare.com.

About De Goudse

De Goudse is an all-round insurance company with a total annual turnover of € 685 million and 820 employees. Ever since the company was founded in 1924 it has been a family business and Geert Bouwmeester the grandson of the founder is now CEO. De Goudse has a strong entrepreneurial focus. For years now the company has specialized in insurance solutions for businesses as well as life, expat and travel insurance. De Goudse believes in the strength of independent advice and works with a national network of independent consultants who are in a unique position to provide the best possible advice to their clients.

For additional information on De Goudse, visit www.goudse.nl.