Reinsurance Group of America, Incorporated bonds RZC
Who owns Reinsurance Group of America, Incorporated's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. RZC stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 759351AM1 | 3.95% fixed | 2026-09-15 | USD | 99.95 | 4.29% | 46 bp | 4 | $8.5M | Jul 2026 |
| 76209PAB9 | 2.7% fixed | 2029-01-18 | USD | 94.78 | 4.98% | 67 bp | 3 | $2.9M | Jul 2026 |
| 759351AN9 | 3.9% fixed | 2029-05-15 | USD | 97.38 | 4.91% | 59 bp | 11 | $10.3M | Jul 2026 |
| 759351AP4 | 3.15% fixed | 2030-06-15 | USD | 93.28 | 5.08% | 69 bp | 15 | $26.0M | Jul 2026 |
| 76209PAK9 | 4.6% fixed | 2030-11-25 | USD | 97.73 | 5.19% | 78 bp | 9 | $41.9M | Jul 2026 |
| 76209PAD5 | 5.5% fixed | 2031-01-11 | USD | 101.58 | 5.10% | 68 bp | 7 | $20.2M | Jul 2026 |
| 76209PAJ2 | 5% fixed | 2032-08-25 | USD | 97.84 | 5.42% | 90 bp | 10 | $11.6M | Jul 2026 |
| 759351AR0 | 6% fixed | 2033-09-15 | USD | 102.81 | 5.52% | 92 bp | 9 | $6.0M | Jul 2026 |
| 759351AS8 | 5.75% fixed | 2034-09-15 | USD | 100.82 | 5.62% | 97 bp | 22 | $12.1M | Jul 2026 |
| 68218WAA2 | 6.722% fixed | 2055-05-15 | USD | 100.09 | 6.71% | 144 bp | 12 | $32.7M | Jul 2026 |
| 759351AT6 | 6.65% fixed | 2055-09-15 | USD | 99.80 | 6.67% | 139 bp | 22 | $15.2M | Jul 2026 |
| 759351AV1 | 6.375% fixed | 2056-09-15 | USD | 97.63 | 6.56% | 129 bp | 22 | $20.7M | Jul 2026 |
| 759351AE9 | 6.591% variable | 2065-12-15 | USD | 95.05 | — | — | 1 | $1.9M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over the month-end Treasury curve. Each month is compared with the month before on the same bonds, because the funds that file rotate from month to month. Fund-reported.
Price history
Fund-marked price of the US-dollar bonds, same bonds month to month, latest month = 100 (the plain median per 100 of face when too few bonds pair up).
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 13 | $159.1M | 97.75 | 5.36% | 86 bp | 18 |
| Jul 2026 | 13 | $210.0M | 97.84 | 5.31% | 84 bp | 22 |
| Jun 2026 | 12 | $651.3M | 99.59 | 5.06% | 84 bp | 45 |
| May 2026 | 13 | $391.8M | 99.48 | 4.98% | 82 bp | 33 |
| Apr 2026 | 13 | $224.8M | 99.47 | 4.96% | 90 bp | 23 |
| Mar 2026 | 12 | $655.2M | 99.32 | 5.04% | 108 bp | 46 |
| Feb 2026 | 13 | $457.3M | 100.75 | 4.56% | 98 bp | 36 |
| Jan 2026 | 12 | $211.1M | 100.57 | 4.70% | 83 bp | 26 |
| Dec 2025 | 11 | $635.4M | 100.74 | 4.73% | 92 bp | 44 |
| Nov 2025 | 12 | $467.1M | 100.45 | 4.71% | 101 bp | 34 |
| Oct 2025 | 11 | $179.5M | 100.67 | 4.88% | 97 bp | 25 |
| Sep 2025 | 10 | $609.3M | 102.50 | 4.89% | 96 bp | 40 |
| Aug 2025 | 11 | $459.3M | 100.44 | 4.54% | 84 bp | 32 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 65 added, 50 cut, 12 new holders and 34 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $82.5M | $83.7M | $9.9M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $52.9M | $52.6M | $2.0M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $52.9M | $51.6M | -$7.5M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $50.4M | $51.5M | $1.4M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $41.3M | $41.4M | $0 |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $39.4M | $39.1M | $0 |
| Cohen & Steers Preferred Securities & Income Fund, Inc. COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. | 2026-06-30 | $35.9M | $36.1M | $3.5M |
| BBH Limited Duration Fund BBH Trust | 2026-07-31 | $34.4M | $33.5M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $31.9M | $30.1M | -$547K |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $23.1M | $23.0M | $11.2M |
| Nuveen Preferred & Income Opportunities Fund | 2026-07-31 | $22.5M | $22.5M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $21.6M | $21.8M | $0 |
| College Retirement Equities Fund - Core Bond Account College Retirement Equities Fund | 2026-06-30 | $20.4M | $21.0M | $0 |
| Nuveen Core Bond Fund TIAA-CREF Funds | 2026-06-30 | $18.4M | $19.0M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $17.9M | $18.2M | $1.4M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $17.6M | $17.2M | $1.2M |
| Allspring Core Plus Bond Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $17.0M | $16.8M | -$16.8M |
| Nuveen Core Impact Bond Fund TIAA-CREF Funds | 2026-06-30 | $15.1M | $15.7M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $15.2M | $15.6M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $15.2M | $15.6M | $355K |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $15.9M | $15.3M | -$12.5M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $14.5M | $15.0M | $0 |
| Spectrum Preferred and Capital Securities Income Fund Principal Funds, Inc | 2026-05-31 | $14.6M | $14.6M | $0 |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $15.5M | $14.4M | -$3.7M |
| Principal Spectrum Preferred Securities Active ETF Principal Exchange-Traded Funds | 2026-06-30 | $13.4M | $13.5M | $2.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Core Fixed Income Fund ($14.5M), Lord Abbett Core Plus Bond Fund ($12.2M), Lord Abbett Total Return Fund ($11.1M), T. Rowe Price Short-Term Bond Fund, Inc. ($7.1M), DFA Commodity Strategy Portfolio ($5.0M), Nuveen Strategic Income Fund ($3.0M), VictoryShares Core Intermediate Bond ETF ($1.9M), Nationwide Loomis Core Bond Fund ($1.5M), T. Rowe Price Corporate Income Fund, Inc. ($1.4M), Strategic Advisers Short Duration Fund ($1.2M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 6 | $52.9M | $52.6M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $50.4M | $51.5M | 0.07% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $31.9M | $30.1M | 0.06% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-08-31 | 4 | $19.2M | $19.2M | 0.10% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-08-31 | 5 | $18.2M | $17.6M | 0.07% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $15.2M | $15.6M | 0.03% |
| PREF Principal Spectrum Preferred Securities Active ETF | 2026-06-30 | 2 | $13.4M | $13.5M | 0.76% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-08-31 | 11 | $12.6M | $12.4M | 0.07% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $12.7M | $12.1M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-08-31 | 6 | $12.0M | $11.7M | 0.01% |
| VRP Invesco Variable Rate Preferred ETF | 2026-05-31 | 2 | $11.4M | $11.5M | 0.40% |
| BOND PIMCO Active Bond Exchange-Traded Fund | 2026-06-30 | 1 | $10.1M | $10.0M | 0.12% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $9.2M | $9.4M | 0.08% |
| FPE First Trust Preferred Securities and Income ETF | 2026-07-31 | 1 | $9.3M | $9.1M | 0.14% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 10 | $7.5M | $7.4M | 0.02% |
Default risk, three ways
Stock market: risk of going bust
Not computed: financial company (lending and leverage are its business, which the model misreads).
Bond market: priced-in odds
A 84 bp spread prices in about 1.4% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in RZC's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 888 | $5.40B | 0 | — | 1 | $43K | 0 |
| 2026-06-30 | 2,456 | $64.41B | 14 | $202.5M | 11 | $307.0M | 2 |
| 2026-03-31 | 2,326 | $52.07B | 14 | $140.7M | 12 | $155.3M | 4 |
| 2025-12-31 | 2,307 | $54.34B | 8 | $63.2M | 10 | $171.1M | 3 |
| 2025-09-30 | 2,152 | $52.67B | 13 | $95.0M | 13 | $174.7M | 4 |
| 2025-06-30 | 2,110 | $47.90B | 10 | $60.3M | 15 | $165.7M | 3 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.