SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
Reinsurance Group of America, Incorporated
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
--------------------------------------------------------
(Title of Class of Securities)
759351109
--------------------------------------------------------
(CUSIP Number)
Gwenn L. Carr
MetLife, Inc.
One Madison Avenue
New York, New York 10010
(212)578-2211
--------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 16, 2003
--------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 26
SCHEDULE 13D CUSIP No. 759351109
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MetLife, Inc.
13-4075851
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY
EACH -----------------------------------------------------------
REPORTING
PERSON 8 SHARED VOTING POWER
WITH
32,243,539
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
32,243,539
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,243,539
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.9%*
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
-------------------------------------------------------------------------------
-------------
* This percentage is based upon the number of Shares issued and outstanding as
of December 9, 2003, as described in RGA's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2003, as adjusted (i) to give effect to the
public offering by RGA of 12,075,000 Shares (including exercise of the
underwriters' over-allotment option) and (ii) to reflect option exercises.
Page 2 of 26
SCHEDULE 13D CUSIP No. 759351109
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Metropolitan Life Insurance Company
13-5581829
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY
EACH -----------------------------------------------------------
REPORTING
PERSON 8 SHARED VOTING POWER
WITH
32,243,539
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
32,243,539
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,243,539
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.9%*
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
-------------------------------------------------------------------------------
---------------
* This percentage is based upon the number of Shares issued and outstanding as
of December 9, 2003, as described in RGA's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2003, as adjusted (i) to give effect to the
public offering by RGA of 12,075,000 Shares (including exercise of the
underwriters' over-allotment option) and (ii) to reflect option exercises.
Page 3 of 26
SCHEDULE 13D CUSIP No. 759351109
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GenAmerica Financial Corporation
43-1779470
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY
EACH -----------------------------------------------------------
REPORTING
PERSON 8 SHARED VOTING POWER
WITH
32,243,539
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
32,243,539
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,243,539
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.9%*
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, CO
-------------------------------------------------------------------------------
-----------------
* This percentage is based upon the number of Shares issued and outstanding as
of December 9, 2003, as described in RGA's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2003, as adjusted (i) to give effect to the
public offering by RGA of 12,075,000 Shares (including exercise of the
underwriters' over-allotment option) and (ii) to reflect option exercises.
Page 4 of 26
SCHEDULE 13D CUSIP No. 759351109
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
General American Life Insurance Company
43-0285930
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY -----------------------------------------------------------
EACH
REPORTING 8 SHARED VOTING POWER
PERSON
WITH 32,243,539
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
32,243,539
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,243,539
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.9%*
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
-------------------------------------------------------------------------------
-----------
* This percentage is based upon the number of Shares issued and outstanding as
of December 9, 2003, as described in RGA's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2003, as adjusted (i) to give effect to the
public offering by RGA of 12,075,000 Shares (including exercise of the
underwriters' over-allotment option) and (ii) to reflect option exercises.
Page 5 of 26
SCHEDULE 13D CUSIP No. 759351109
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Equity Intermediary Company
43-1727895
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY
EACH -----------------------------------------------------------
REPORTING
PERSON 8 SHARED VOTING POWER
WITH
32,243,539
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
32,243,539
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,243,539
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.9%*
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC,CO
-------------------------------------------------------------------------------
--------------
* This percentage is based upon the number of Shares issued and outstanding as
of December 9, 2003, as described in RGA's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2003, as adjusted (i) to give effect to the
public offering by RGA of 12,075,000 Shares (including exercise of the
underwriters' over-allotment option) and (ii) to reflect option exercises.
Page 6 of 26
SCHEDULE 13D CUSIP No. 759351109
This Statement amends the Schedule 13D Statement, as amended, of
MetLife, Inc., Metropolitan Life Insurance Company, GenAmerica Financial
Corporation, General American Life Insurance Company and Equity Intermediary
Company (collectively, the "Filing Parties") in respect of the common stock of
Reinsurance Group of America, Incorporated, as follows:
Item 2. Identity and Background.
Exhibit 1 to this Statement is hereby amended by replacing under MLINC
and MetLife, GenAmerica and GenAm Life, the description of Stewart G. Nagler's
"Principal Occupation or Employment" with the following:
"Vice-Chairman of the Board, MLINC and MetLife; Chairman of the Board,
RGA; Director, GenAmerica and GenAm Life".
Exhibit 1 is further amended by adding the following at the end of
"Executive Officers (Who are not Directors)" of MLINC and MetLife:
"William J. Wheeler Executive Vice President and Chief Financial
Officer, MLINC and MetLife"
Item 3. Source and Amount of Funds or other Consideration.
Item 3 is hereby amended by adding the following immediately preceding
the last paragraph thereof:
"On December 16, 2003, MLINC transferred its holdings of 2,532,600
Shares to EIM in exchange for 93,402 shares of Series A Cumulative Preferred
Stock, par value $1,000 per share (the "EIM Preferred Stock") in accordance with
a Sale Agreement dated as of December 11, 2003 by and between MLINC and EIM (the
"Sale Agreement"). The terms of the EIM Preferred Stock are set forth in an
Amendment of Articles of Incorporation and Certificate of Designation of Series
A Cumulative Preferred Stock of EIM (the "Certificate of Designation"). On the
same date, MetLife transferred its holdings of 4,784,689 Shares to GenAmerica;
GenAmerica transferred these Shares to GenAm Life; and GenAm Life transferred
these Shares to EIM. The transfers of Shares described in the preceding sentence
were each made as a capital contribution.
The descriptions of the Sale Agreement and the Certificate of
Designation and the transaction contemplated thereby set forth in this Statement
are qualified in their entirety by reference to the Sale Agreement included as
Exhibit 11 to this Statement and the Certificate of Designation included as
Exhibit 12 to this Statement, with each such Exhibit being incorporated herein
by reference."
Item 4. Purpose of Transaction.
Item 4 is hereby amended by replacing the number "10,500,000" with
"12,075,000" in the penultimate paragraph thereof.
Item 4 is hereby further amended by adding the following immediately
preceding the last paragraph thereof:
"The transfer on December 16, 2003 by MLINC to EIM and by MetLife
(through GenAmerica and GenAm Life) to EIM of 2,532,600 and 4,784,689 Shares,
respectively, was consummated in order to consolidate the enterprise's ownership
of Shares, creating tax and accounting efficiencies, improving the risk-based
capital ratios of MetLife and GenAm Life and improving the capital efficiency of
MLINC."
Page 7 of 26
SCHEDULE 13D CUSIP No. 759351109
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended by replacing the first paragraph of Item 5(a)
and (b) with the following:
"As of December 16, 2003, each of the Filing Parties beneficially owned
32,243,539 Shares, or approximately 51.9 percent of the outstanding Shares. With
respect to such Shares, each of the Filing Parties shares voting and dispositive
power with each other. See Item 2 above."
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
Item 6 is hereby amended by adding after the last paragraph thereof the
following:
"In connection with the transfer by MLINC to EIM of 2,532,600 Shares,
MLINC and EIM entered into the Sale Agreement. The Sale Agreement provides for
the transfer by EIM to MLINC of 93,402 shares of EIM Preferred Stock in
exchange for such Shares. The express terms and provisions of the EIM Preferred
Stock, including the preferences, privileges and voting and other special rights
thereof and the qualifications, limitations or restrictions thereon, are set
forth in the Certificate of Designation.
The descriptions of the Sale Agreement and the Certificate of
Designation set forth in this Statement are qualified in their entirety by
reference to such documents, included as Exhibits 11 and 12, respectively, which
are incorporated herein in their entirety by reference. See also Item 3 above."
Item 7. Material to be Filed as Exhibits.
Item 7 is hereby amended by adding the following Exhibits 11 and 12:
"Exhibit No. Description
------------ -------------------------------------------------------------------------
11 Sale Agreement dated as of December 11, 2003 by and between MLINC and EIM
12 Amendment of Articles of Incorporation and Certificate of Designation of
Series A Cumulative Preferred Stock of EIM"
Page 8 of 26
SCHEDULE 13D CUSIP No. 759351109
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: December 18, 2003
METLIFE, INC.
By: /s/ Anthony J. Williamson
----------------------------------------
Name: Anthony J. Williamson
Title: Senior Vice-President and Treasurer
METROPOLITAN LIFE INSURANCE COMPANY
By: /s/ Anthony J. Williamson
----------------------------------------
Name: Anthony J. Williamson
Title: Senior Vice-President and Treasurer
GENAMERICA FINANCIAL CORPORATION
By: /s/ Anthony J. Williamson
----------------------------------------
Name: Anthony J. Williamson
Title: Vice-President and Treasurer
GENERAL AMERICAN LIFE INSURANCE COMPANY
By: /s/ Anthony J. Williamson
----------------------------------------
Name: Anthony J. Williamson
Title: Vice-President and Treasurer
EQUITY INTERMEDIARY COMPANY
By: /s/ Anthony J. Williamson
----------------------------------------
Name: Anthony J. Williamson
Title: Director, Vice-President and Treasurer
Page 9 of 26