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RGA News

Reinsurance Group of America Reports Second-Quarter Results

  • Earnings per diluted share: $3.64 from net income, $2.80 from operating income*
  • ROE 8 percent and Operating ROE* 11 percent for the trailing twelve months
  • Reported net premiums increased 10 percent
  • Quarterly shareholder dividend raised 11 percent

ST. LOUIS, July 28, 2016 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported net income of  $236.1 million, or $3.64 per diluted share, compared with $130.4 million, or $1.94 per diluted share, in the prior-year quarter. Operating income* totaled $181.2 million, or $2.80 per diluted share, compared to$130.3 million, or $1.94 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.06 per diluted share on net income, and $0.04 per diluted share on operating income. A tax-related adjustment added $0.12 per diluted share in the quarter.

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