Reinsurance Group of America Reports Second Quarter Results
Second Quarter Results
- Net income available to 69É«ÇéƬ shareholders of $3.03 per diluted share
- Adjusted operating income* of $5.48 per diluted share
- Premium growth of 17.5% over the prior-year quarter, 18.5% on a constant currency basis1
- ROE of 9.7%, adjusted operating ROE* of 15.3% for the trailing twelve months
- Increased quarterly dividend 4.7% to $0.89 per share
- Deployed capital of $307 million into in-force transactions
1 Actual amounts reflect impact of currency fluctuations. Constant currency amounts reflect foreign denominated activity translated to U.S. dollars at a constant exchange rate.
ST. LOUIS, August 1, 2024 – Reinsurance Group of America, Incorporated (NYSE: 69É«ÇéƬ), a leading global provider of life and health reinsurance, reported second quarter net income available to 69É«ÇéƬ shareholders of $203 million, or $3.03 per diluted share, compared with $205 million, or $3.05 per diluted share, in the prior-year quarter. Adjusted operating income* for the second quarter totaled $365 million, or $5.48 per diluted share, compared with $297 million, or $4.40 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.06 per diluted share on net income available to 69É«ÇéƬ shareholders, and an adverse effect of $0.06 per diluted share on adjusted operating income as compared with the prior year.