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Reinsurance Group of America Reports Fourth Quarter and Full Year Results

Fourth Quarter Results Summary

  • Net income of $2.30 per diluted share
  • Adjusted operating loss* of $0.56 per diluted share
  • Premium growth of 4.5% over the prior-year quarter
  • Deployed capital of $106 million into transactions
  • Repurchased $50 million of shares
  • Global estimated COVID-19 impacts1 of approximately $350 million on a pre-tax basis, or $3.95 per diluted share2

Full Year Results Summary

  • Net income of $9.04 per diluted share
  • Adjusted operating income* of $1.13 per diluted share
  • Premium growth of 7.0% over the prior year
  • Deployed capital of $543 million into transactions
  • Repurchased $96 million of shares
  • Global estimated COVID-19 impacts1 of approximately $1.4 billion on a pre-tax basis, or $15.20 per diluted share2

ST. LOUIS, Feb. 3, 2022 - Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported fourth quarter net income of $156 million, or $2.30 per diluted share, compared with net income of $132 million, or $1.94 per diluted share, in the prior-year quarter. Adjusted operating loss* totaled $38 million, or $0.56 per diluted share, compared with adjusted operating income of $81 million, or $1.19 per diluted share, the year before. Adjusted operating loss excludes the impacts of the release of an uncertain tax liability and related interest expense. Net foreign currency fluctuations had an adverse effect of $0.02 per diluted share on net income and $0.01 per diluted share on adjusted operating loss as compared with the prior year.

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