Reinsurance Group of America Reports Third-Quarter Results
- Earnings per diluted share: $3.47 from net income, $3.44 from adjusted operating income*
- EPS from net income and adjusted operating income* driven by U.S. segment performance
- ROE 10 percent and adjusted operating ROE* 12 percent for the trailing twelve months
- Reported net premiums increased 11 percent in the third quarter
ST. LOUIS, Oct. 26, 2017 –
Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported third-quarter net income of $227.6 million, or $3.47 per diluted share, compared with $198.7 million, or $3.07 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $226.0 million, or $3.44 per diluted share, compared with $159.4 million, or $2.46 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.02 per diluted share on net income and on adjusted operating income. Book value per share at September 30 was $125.79 including AOCI, and $100.54 excluding AOCI*.