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RGA News

Reinsurance Group of America Reports Third Quarter Results

  • Net income of $3.12 per diluted share
  • Adjusted operating income* of $3.51 per diluted share
  • ROE 4.5% and adjusted operating ROE* 7.4% for the trailing twelve months
  • Global COVID-19 claim costs estimated to be $140 million

ST. LOUIS, Nov. 5, 2020 - Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported third quarter net income of $213 million, or $3.12 per diluted share, compared with $263 million, or $4.12 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $239 million, or $3.51 per diluted share, compared with $256 million, or $4.02 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.08 per diluted share on net income and adjusted operating income as compared with the prior year.

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