UK Branch Tax Strategy – February 2024

Introduction
This tax strategy document relates to Reinsurance Group of America, Incorporated’s (RGA Inc.) UK
operations, which includes: RGA Holdings Limited, RGA UK Services Limited, RGA Capital Limited,
RGA International Reinsurance Company dac (“RGAI”) UK Branch, RGAx EMEA Limited, Omnilife
Insurance Company Limited (“Omnilife”) and Hodge Life Assurance Company Limited (“Hodge”).
These entities operate within the wider strategic, operational and risk management frameworks ofthe RGA Inc. group.
RGA UK Services Limited is authorised as an insurance intermediary by the United Kingdom’s
Financial Conduct Authority. Its authorisation is expected to be cancelled, at the request of RGA UK
Services Limited and subject to FCA agreement in the 31/03/2024. RGAI, a reinsurance company
registered in the Republic of Ireland, is regulated by the Central Bank of Ireland. This regulation
includes its UK Branch. The UK branch is also regulated by the Prudential Regulation Authority andFinancial Conduct Authority. The UK Branch is subject to UK taxation. Omnilife Insurance Company
Limited is authorised by the Prudential Regulation Authority and regulated by the Financial
Conduct Authority and is subject to UK taxation. Hodge Life Assurance Company Limited is not a
regulated entity in the UK and is subject to UK taxation.
The approach of the RGA group to risk management and governance arrangements in relation toUK taxation
Taxation constitutes a sub-category of operational risk within the RGA Inc. risk management
framework. The framework operates through the escalation of risks of the UK Branch operations ofRGAI within RGAI and for the other companies within the wider corporate framework of RGA Inc.
Within RGAI, escalation of risks is to the executive Risk Management Steering Committee, and thento the Risk Management and Compliance Committee of the Board, which includes independent
non-executive directors. Omnilife and Hodge have adopted a similar internal reporting hierarchy toRGAI and integrates into the RGA structure in the same way. Within the corporate risk
management framework, UK risks are accumulated at the EMEA segment level and then reported
into the corporate Operational Risk Committee and then to the Risk Management SteeringCommittee, chaired by the Global Chief Risk Officer. The Global Tax Director is accountable fortaxation risks.
The attitude of the RGA Group towards tax planning
The RGA Group operates in a cost-effective manner that aligns its obligations to shareholders,clients, regulators and tax authorities. RGA will only utilise legitimate tax reliefs for the purposes
intended by Parliament. RGA does not:• engage in inappropriate tax planning;• seek to structure transactions that are not supportable positions ; or
• promote tax avoidance or condone abusive tax practices which would contravene its ethics
and culture or the law.
RGA believes in safeguarding its reputation and its relationships with clients, shareholders,
employees and tax authorities alike.

The level of risk in relation to UK taxation that the RGA Group is prepared to accept
RGA has a measured tolerance towards tax risk and does not make use of tax planning which does
not support genuine commercial activity. RGA seeks to minimise the risk of a dispute with HM
Revenue and Customs (“HMRC”) by being open and transparent about its tax affairs.
The tax consequences of all significant transactions are considered by the senior stakeholders aspart of their deliberations on the transactions in question. Wherever relevant RGA would also seek
the advice of external advisors to ensure that the tax impacts of any transaction are aligned to its
Corporate Responsibilities.
The approach of the RGA Group towards its dealings with HMRC
RGA is committed to maintaining a transparent and collaborative approach related to any dealings
with the tax authorities. RGA engages appropriately with HMRC through its Customer RelationshipManager when discussing its tax affairs in the UK. RGA ensures consistency in methods andreporting for all tax purposes with its different UK businesses.
If RGA were to identify a material error in a submitted tax return it would be voluntarily disclosed,
quantifying the effect of the error and RGA would pay any additional and/or interest that becomesdue as a result.
In summary, the RGA Group is committed to ensuring the appropriate amount of tax is paid in all
jurisdictions in which it operates.

RGA Inc., and its UK Operating entities (RGAI UK Branch, RGA Holdings Limited, RGA UK Services
Limited, RGA Capital Limited, RGAx EMEA Limited, Omnilife Insurance Company Limited and Hodge
Life Assurance Company Limited) regard the publication of the information set out above ascomplying with the duty to publish a tax strategy under Schedule 10 of the Finance Act 2016.