Reinsurance Group of America Reports Fourth-Quarter Results
- Earnings per diluted share: $18.49 from net income, $2.60 from adjusted operating income*
- Full-year earnings per diluted share: $27.71 from net income, $10.84 from adjusted operating income*
- Tax Cuts and Jobs Act of 2017 tax benefit estimate of $1.0 billion, or net income per diluted share of $15.71 for the quarter
- ROE 22.7 percent and adjusted operating ROE* 11.0 percent for the full year
ST. LOUIS, Jan. 29, 2018 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported fourth-quarter net income of $1,216.9 million, or $18.49 per diluted share, compared with $190.1 million, or $2.92 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $170.9 million, or $2.60 per diluted share, compared with $171.3 million, or $2.63 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.06 per diluted share on net income and on adjusted operating income.