In the competitive world of global finance and insurance, few names resonate with the kind of influence and respect commanded by Anna Manning. As the CEO of Reinsurance Group of America (RGA), Manning has shattered glass ceilings and set new standards for leadership in a predominantly male industry. Her remarkable journey from an actuarial science student to the top executive of one of the world’s largest life and health reinsurance companies is a testament to her skill, determination, and visionary leadership.
Early Life and Educational Background
Anna Manning was born in 1959, and while specific details about her early life and family remain private, her academic pursuits laid a strong foundation for her future career. Manning earned a Bachelor of Science degree in Actuarial Science from the University of Toronto. This rigorous program equipped her with the analytical and problem-solving skills essential for success in the insurance and finance industries.
Professional Beginnings and Rise in the Industry
Manning began her professional journey with Towers Perrin’s Tillinghast insurance consulting service in Toronto. Over her 19-year tenure there, she provided consulting services in areas such as mergers and acquisitions, product development, value creation measurement, and financial reporting. This extensive experience honed her expertise and prepared her for leadership roles in the industry.
In 2007, Manning joined Reinsurance Group of America (RGA), quickly advancing through various executive positions. Her roles included Executive Vice President and Chief Operating Officer of RGA’s International Division, where she managed marketing, pricing, underwriting, claims, and administration. Her adept leadership in these roles culminated in her appointment as CEO on January 1, 2017, making her the first woman to hold this position in the company’s history.
Leadership at Reinsurance Group of America
As CEO, Anna Manning has been instrumental in steering RGA towards continued growth and innovation. Her strategic vision and emphasis on building a strong organizational culture have been pivotal in maintaining RGA’s status as a global leader in life and health reinsurance. Under her leadership, the company has expanded its international footprint and enhanced its service offerings, ensuring that RGA remains at the forefront of industry advancements.
Manning’s leadership style is characterized by a commitment to transparency, collaboration, and fostering a supportive work environment. She believes in empowering her team, encouraging innovation, and maintaining a customer-centric approach. These principles have not only driven RGA’s success but also established her as a respected figure in the global finance community.
Achievements and Contributions
Anna Manning’s contributions extend beyond her corporate responsibilities. She is the Chair of the Longer Life Foundation, a collaboration between RGA and Washington University School of Medicine that supports research on longevity and wellness. Manning is also a board member of the Geneva Association, a leading international think tank of the insurance industry, and serves on the boards of BJC HealthCare and Greater St. Louis, Inc.
Her leadership has been recognized with numerous accolades, highlighting her impact on the industry and her role as a trailblazer for women in finance. Despite her public success, Manning values her privacy, focusing on her work and personal interests, which include reading, gardening, and traveling.
Financial Acumen and Net Worth
Anna Manning’s financial acumen is reflected in her impressive compensation and net worth. As of 2022, her total earnings as CEO of RGA amounted to $10,852,738, including a base salary, cash incentives, stock options, and other forms of remuneration. Her net worth is estimated at over $21 million, with significant holdings in RGA stock. Manning’s financial success underscores her effectiveness as a leader and her strategic vision for the company.
Legacy and Future Plans
Anna Manning’s legacy is one of resilience, innovation, and breaking barriers. As she plans to retire from her role as CEO at the end of 2023, she leaves behind a robust and dynamic organization poised for continued success under the leadership of her successor, Tony Cheng. Her career serves as an inspiration for aspiring leaders, particularly women, demonstrating that with dedication and strategic thinking, it is possible to achieve the highest levels of success in any industry.
Conclusion
Anna Manning’s journey from an actuarial science graduate to the CEO of Reinsurance Group of America is a remarkable story of perseverance and excellence. Her contributions to the finance and insurance industries, coupled with her commitment to fostering innovation and supporting research, make her a true leader and visionary. As she prepares to embark on the next chapter of her life, her legacy will undoubtedly continue to inspire and influence the industry for years to come.
