Reinsurance Group of America Reports First Quarter Results
First Quarter Results
- Net income available to RGA shareholders of $4.27 per diluted share, adjusted operating income of $5.66 per diluted share
- ROE of 7.5%, adjusted operating ROE of 13.4%, adjusted operating ROE, excluding notable items of 15.0%, each for the trailing twelve months
- Favorable biometric claims experience across all segments of $196 million on an economic basis, resulting in a current period financial impact of $58 million
- Deployed capital of $418 million into in-force block transactions
- Robust balance sheet with estimated excess capital of $1.9 billion (before the impact of the Equitable Holdings, Inc. transaction), estimated deployable capital of $1.3 billion and ample liquidity
ST. LOUIS, May 1, 2025 – 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 $286 million, or $4.27 per diluted share, compared with $210 million, or $3.16 per diluted share, in the prior-year quarter. Adjusted operating income for the first quarter totaled $378 million, or $5.66 per diluted share, compared with $401 million, or $6.02 per diluted share, the year before. Net foreign currency fluctuations had an unfavorable effect of $0.09 per diluted share on net income available to RGA shareholders and on adjusted operating income, both as compared with the prior year.