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Reinsurance Group of America Reports Second Quarter Results

  • Net income of $2.48 per diluted share
  • Adjusted operating income* of $1.36 per diluted share
  • ROE 5.1% and adjusted operating ROE* 7.8% for the trailing twelve months
  • COVID-19 claims, including IBNR, were estimated to be $300 million on a global basis

ST. LOUIS, Aug. 4, 2020 - Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported second quarter net income of $158 million, or $2.48 per diluted share, compared with $202 million, or $3.18 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $87 million, or $1.36 per diluted share, compared with $211 million, or $3.31 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.07 per diluted share on net income and an adverse effect of $0.04 per diluted share on adjusted operating income as compared with the prior year.

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