How Cheng was paid
$13.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|---|
| Tony ChengPresident & CEO | $999,423 | — | $5,624,985 | $1,875,016 | $2,500,000 | $352,131 | $1,711,674 | $13,063,229 |
| Axel AndréEVP & CFO | $750,000 | — | $2,399,955 | $599,988 | $1,404,844 | — | $181,115 | $5,335,902 |
| My Chi ToEVP, Chief Legal Officer & Corporate Secretary | $357,692 | $340,000 | $3,899,875 | $399,974 | $765,705 | — | $36,122 | $5,799,368 |
| Ronald HerrmannEVP, Head of RGA Americas | $699,712 | — | $1,539,947 | $385,010 | $2,173,500 | — | $223,376 | $5,021,545 |
| Leslie BarbiEVP & Chief Investment Officer | $671,894 | — | $1,210,496 | $302,609 | $1,833,908 | — | $303,140 | $4,322,047 |
What changed and why
- $13.1MCEO Tony Cheng received total compensation of $13,063,229 in 2025, representing an increase from $11,455,249 in 2024.
- $17.69Full-year net income available to RGA shareholders reached $17.69 per diluted share.
- $24.42Adjusted operating income excluding notable items was $24.42 per diluted share.
- 94%Shareholders approved executive compensation with 94% support at the prior annual meeting.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.