Trend Table for RZB - Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 14	B	Weak or Absent	Up	Up	Up	4.73%
Dec 13	C	Weak or Absent	Flat	Up	Flat	6.56%
Dec 12	D	Weak or Absent	Down	Down	Down	8.05%
Dec 11	D	Weak or Absent	Down	Down	Down	7.88%
Dec 8	D	Weak or Absent	Flat	Flat	Down	7.08%
Dec 7	D	Strong	Flat	Flat	Down	6.91%
Dec 6	D	Strong	Flat	Flat	Down	6.82%
Dec 5	C	Strong	Flat	Up	Down	6.30%
Dec 4	C	Strong	Up	Up	Down	5.83%
Dec 1	C	Strong	Up	Up	Down	4.24%