Reinsurance Group of America Reports Record Third Quarter Results
Third Quarter Results
- Net income available to RGA shareholders of $2.33 per diluted share
- Adjusted operating income of $3.62 per diluted share
- Adjusted operating income, excluding notable items of $6.13 per diluted share, a record quarterly result
- ROE of 7.7%, adjusted operating ROE of 13.8%. Adjusted operating ROE, excluding notable items of 15.5% for the trailing twelve months, a record quarterly result
- Deployed capital of $382 million into in-force block transactions
- Increased Value of In-force Business Margins by $4.6 billion or 13.9% in the first nine months of the year
ST. LOUIS, Oct. 31, 2024 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life and health reinsurance, reported third quarter net income available to RGA shareholders of $156 million, or $2.33 per diluted share, compared with $287 million, or $4.29 per diluted share, in the prior-year quarter. Adjusted operating income for the third quarter totaled $242 million, or $3.62 per diluted share, compared with $372 million, or $5.57 per diluted share, the year before. Adjusted operating income, excluding notable items for the third quarter totaled $410 million, or $6.13 per diluted share, compared with $372 million, or $5.57 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.03 per diluted share on net income available to RGA shareholders, and a favorable effect of $0.02 per diluted share on adjusted operating income as compared with the prior year.