Tony F.s.a.

President, Chief Executive Officer & Director, Reinsurance Of America

Search every verified Tony F.s.a. interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Tony Cheng, President, Chief Executive Officer and Director of Reinsurance Group of America (RGA), led the company's Q2 2026 earnings call on August 6, 2026, reporting record results with revenue up 18.6% to $6.64 billion and EPS of $7.01. During the call, he highlighted strong performance across all regions and business lines, attributing results to new business placed in recent years, strong investment returns, and modestly favorable claims. He noted particular strength in the Asia Pacific region, with notable deals in Hong Kong and Japan, and said the company remains on track with financial results expected from the Equitable transaction, with claims experience in line with expectations. Cheng also addressed the company's approach to risk and capital management, stating that RGA remains selective and disciplined on universal life with secondary guarantees (ULSG) and long-term care (LTC) risk, which represent less than 10% of the balance sheet. He described asset leverage as an output rather than an input into the business, emphasizing RGA's competitive advantage in reinsuring both sides of the balance sheet. He welcomed Laura as the new CFO and expressed confidence in meeting or exceeding intermediate targets going forward.