Reinsurance Group of America Reports First Quarter Results
First Quarter Results
- Net income available to RGA shareholders of $3.16 per diluted share
- Adjusted operating income* of $6.02 per diluted share
- Premium growth of 58.8% over the prior-year quarter, 59.2% on a constant currency basis1
- ROE of 10.2%, adjusted operating ROE* of 14.8% for the trailing twelve months
- Deployed capital of $737 million into in-force transactions
1 Actual amounts reflect impact of currency fluctuations. Constant currency amounts reflect foreign denominated activity translated to U.S. dollars at a constant exchange rate.
ST. LOUIS, May 2, 2024 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life and health reinsurance, reported first quarter net income available to RGA shareholders of $210 million, or $3.16 per diluted share, compared with $252 million, or $3.72 per diluted share, in the prior-year quarter. Adjusted operating income* for the first quarter totaled $401 million, or $6.02 per diluted share, compared with $349 million, or $5.16 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.07 per diluted share on net income available to RGA shareholders, and $0.01 per diluted share on adjusted operating income as compared with the prior year.