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Reinsurance Group of America Reports First Quarter Results

  • Net loss of $1.41 per diluted share
  • Adjusted operating income* of $1.41 per diluted share
  • ROE 5.8% and adjusted operating ROE* 9.5% for the trailing twelve months
  • Deployed capital of $55 million into in-force and other transactions in the quarter

ST. LOUIS, May 5, 2020 - Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported a first quarter net loss of $88 million, or $1.41 per diluted share, compared with net income of $170 million, or $2.65 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $89 million, or $1.41 per diluted share, compared with $167 million, or $2.61 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.05 per diluted share on net income and an adverse effect of $0.01 per diluted share on adjusted operating income as compared with the prior year.

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