Reinsurance Group of America Reports Fourth Quarter and Full Year Results
Fourth Quarter Results
- Net income available to RGA shareholders of
$3.02 per diluted share, including adverse foreign currency effects of$0.42 per diluted share - Adjusted operating income* of
$2.99 per diluted share, including adverse foreign currency effects of$0.22 per diluted share - Premium growth of 1.1% over the prior-year quarter, 6.0% on a constant currency basis
- Deployed capital of
$80 million into in-force and other transactions - Total shareholder capital returns of
$78 million:$25 million of share repurchases and$53 million of shareholder dividends - Estimated COVID-19 impacts1 of approximately
$70 million on a pre-tax basis, or$0.78 per diluted share2
Full Year Results
- Net income available to RGA shareholders of
$9.21 per diluted share, including adverse foreign currency effects of$0.15 per diluted share - Adjusted operating income* of
$14.43 per diluted share, including adverse foreign currency effects of$0.53 per diluted share - Premium growth of 4.5% over the prior year, 8.4% on a constant currency basis
- ROE 8.7% and adjusted operating ROE* 10.3% for the trailing twelve months, reflecting 1.5%2 of COVID-19 impacts1
- Deployed capital of
$430 million into in-force and other transactions - Total shareholder capital returns of
$280 million:$75 million of share repurchases and$205 million of shareholder dividends - Estimated COVID-19 impacts1 of approximately
$447 million on a pre-tax basis, or$5.02 per diluted share2
1 COVID-19 impact estimates include fourth quarter mortality and morbidity claims of approximately
2 Tax effected at 24%.