Reinsurance Group of America Reports Second Quarter Results

• Earnings per diluted share: $3.18 from net income, $3.31 from adjusted operating income*
• ROE 8.5% and adjusted operating ROE* 11.0% for the trailing twelve months
• Deployed capital of $185 million into in-force and other transactions in the quarter
• Quarterly shareholder dividend raised 17% to $0.70 per quarter

ST. LOUIS, July 29, 2019 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported second quarter net income of $202.7 million, or $3.18 per diluted share, compared with $204.4 million, or $3.13 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $210.8 million, or $3.31 per diluted share, compared with $202.1 million, or $3.10 per diluted share, the year before. Net foreign currency fluctuations had an adverse effect of $0.06 per diluted share on net income and adjusted operating income as compared with the prior year.

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