Reinsurance Group of America Reports Second-Quarter Results
- Earnings per diluted share: $3.64 from net income, $2.80 from operating income*
- ROE 8 percent and Operating ROE* 11 percent for the trailing twelve months
- Reported net premiums increased 10 percent
- Quarterly shareholder dividend raised 11 percent
ST. LOUIS, July 28, 2016 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported net income of $236.1 million, or $3.64 per diluted share, compared with $130.4 million, or $1.94 per diluted share, in the prior-year quarter. Operating income* totaled $181.2 million, or $2.80 per diluted share, compared to$130.3 million, or $1.94 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.06 per diluted share on net income, and $0.04 per diluted share on operating income. A tax-related adjustment added $0.12 per diluted share in the quarter.