Reinsurance Group of America Reports Fourth Quarter and Full Year Results
Fourth Quarter Results
- Net income available to RGA shareholders of $2.22 per diluted share
- Adjusted operating income of $4.99 per diluted share
- Deployed capital of $250 million into in-force block transactions
Full Year Results
- Net income available to RGA shareholders of $10.73 per diluted share
- Adjusted operating income of $20.06 per diluted share
- Adjusted operating income, excluding notable items of $22.57 per diluted share
- ROE of 7.1%, adjusted operating ROE of 13.8%, adjusted operating ROE, excluding notable items of 15.4% for the trailing twelve months
- Deployed capital of $1,676 million into in-force block transactions
- Increased value of in-force business margins by $4.6 billion, or 13.9%, in the year to $37.6 billion
ST. LOUIS, Feb. 6, 2025 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life and health reinsurance, reported fourth quarter net income available to RGA shareholders of $148 million, or $2.22 per diluted share, compared with $158 million, or $2.37 per diluted share, in the prior-year quarter. Adjusted operating income and adjusted operating income, excluding notable items for the fourth quarter totaled $334 million, or $4.99 per diluted share, compared with $316 million, or $4.73 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 $0.09 per diluted share on adjusted operating income, both as compared with the prior year.
Full year net income available to RGA shareholders totaled $717 million, or $10.73 per diluted share, compared with $902 million, or $13.44 per diluted share the year before. Adjusted operating income for the full year totaled $1,342 million, or $20.06 per diluted share, compared with $1,334 million, or $19.88 per diluted share the year before. Adjusted operating income, excluding notable items for the full year totaled $1,510 million, or $22.57 per diluted share, compared with $1,334 million, or $19.88 per diluted share the year before. Net foreign currency fluctuations had a favorable effect of $0.18 per diluted share on net income available to RGA shareholders, and $0.06 per diluted share on adjusted operating income, both as compared with the year before.