Reinsurance Group of America Reports Second Quarter Results 2017
- Earnings per diluted share: $3.54 from net income, $2.95 from adjusted operating income*
- ROE 10 percent and adjusted operating ROE* 11 percent for the trailing twelve months
- Reported net premiums increased 6 percent in the second quarter
- Quarterly shareholder dividend raised 22 percent to $0.50 per quarter
ST. LOUIS, July 27, 2017 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported second-quarter net income of $232.2 million, or $3.54 per diluted share, compared with $236.1 million, or $3.64 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $193.7 million, or $2.95 per diluted share, compared with $181.2 million, or $2.80 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.06 per diluted share on net income and on adjusted operating income. The resolution of uncertain tax positions added $0.10 per share in the quarter and $0.12 per share in the year-earlier quarter. Book value per share at June 30 was $123.60 including AOCI, and $97.68 excluding AOCI*.
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