Reinsurance Group of America, Incorporated (RGA) completed an offering of $400 million aggregate principal amount of 6.375% Fixed-Rate Reset Subordinated Debentures due 2056. The debentures will bear a fixed interest rate of 6.375% per annum from March 3, 2026, to September 15, 2036 (the First Reset Date). From the First Reset Date onwards, the interest rate will reset every five years to a rate per annum equal to the Five-Year Treasury Rate as of the most recent Reset Interest Determination Date plus 2.344%. Interest payments will be made semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2026. RGA has the option to defer interest payments for one or more Optional Deferral Periods of up to five consecutive years each, without triggering an Event of Default, with deferred interest accruing additional interest compounded semi-annually. The debentures are unsecured and subordinated obligations, ranking junior to RGA's existing and future senior indebtedness, and effectively subordinated to secured indebtedness and all debt of RGA's subsidiaries. They rank equally with RGA's 5.75% Fixed-to-Floating Rate Subordinated Debentures due 2056, 6.650% Fixed-Rate Reset Subordinated Debentures due 2055, and 7.125% Fixed-Rate Reset Subordinated Debentures due 2052, and senior to RGA's Variable Rate Junior Subordinated Debentures due 2065. The net proceeds to RGA from the offering, after underwriting discounts and before expenses, were approximately $396 million, which are intended for general corporate purposes, including refinancing debt obligations.