Finance and Economic

Starting Monday, two classes of shares in Reinsurance Group of America Inc. will be traded on the New York Stock Exchange.

For most shareholders, their current RGA shares will be reclassified as RGA Class A shares. Shares formerly held by MetLife Inc. will trade as Class B shares.

At the end of the day Thursday, MetLife completed an exchange offer among its shareholders for the new class of stock. The exchange allows MetLife to shed its majority stake in Reinsurance Group. MetLife still will own about 3 million Class A RGA shares after the exchange.

MetLife Inc. will accept about 23 million or 8.6 percent of the 253 million MetLife shares that were tendered paydayloans. Shareholders whose stock is accepted will receive Class B shares in Reinsurance Group.

Chesterfield-based Reinsurance Group sells reinsurance worldwide. Reinsurance allows life insurance companies to spread their risk.

jerristroud@post-dispatch.com | 314-340-8384

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