- Earnings per diluted share: $1.72 from net income, $3.46 from adjusted operating income*
- Full-year earnings per diluted share: $11.00 from net income, $12.12 from adjusted operating income*
- ROE 8.1 percent and adjusted operating ROE* 10.3 percent for the full year
- Deployed capital of $160 million into in-force and other transactions in the quarter
ST. LOUIS, Jan. 28, 2019 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported fourth-quarter net income of $110.0 million, or $1.72 per diluted share, compared with $1,216.9 million, or $18.49 per diluted share, in the prior-year quarter. The Tax Cuts and Jobs Act of 2017 (“U.S. Tax Reform”) benefited the prior-year quarter by approximately $1.0 billion, or $15.71 per diluted share. Adjusted operating income* totaled $221.8 million, or $3.46 per diluted share, compared with $170.9 million, or $2.60 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.05 per diluted share on net income and $0.06 per diluted share on adjusted operating income as compared with the prior year. The difference between net income and adjusted operating income in the quarter reflects realized and unrealized investment losses and changes in the fair value of certain embedded derivatives and related deferred acquisition costs.