Reinsurance Group of America Reports First-Quarter Results
- Earnings per diluted share: $1.52 from net income, $1.61 from adjusted operating income*
- ROE 21.1 percent and adjusted operating ROE* 10.3 percent for the trailing twelve months
- Reported net premiums increased 9 percent in the first quarter
ST. LOUIS, Apr. 26, 2018 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported first-quarter net income of $100.2 million, or $1.52 per diluted share, compared with $145.5 million, or $2.22 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $105.7 million, or $1.61 per diluted share, compared with $122.1 million, or $1.86 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.09 per diluted share on net income and on adjusted operating income.
Read more.
