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Mar 31, 2021
RGA Q1 2021 Earnings Report
RGA reported a net income of $139 million, or $2.03 per diluted share, and an adjusted operating loss of $84 million, or $1.24 per diluted share.
Key Takeaways
Reinsurance Group of America reported first quarter net income of $139 million, or $2.03 per diluted share, compared with a net loss of $88 million, or $1.41 per diluted share, in the prior-year quarter. Adjusted operating loss totaled $84 million, or $1.24 per diluted share, compared with adjusted operating income of $89 million, or $1.41 per diluted share, the year before. First quarter results reflected approximately $474 million of estimated COVID-19 impacts.
Net income of $2.03 per diluted share
Adjusted operating loss of $1.24 per diluted share
Global estimated COVID-19 claim costs of approximately $485 million for the first quarter
Accounting correction for limited partnership investments had a favorable effect of approximately $1.87 per diluted share on net income and $1.07 per diluted share on adjusted operating loss
RGA
RGA
RGA Revenue by Geographic Location
Revenue by Geographic Location
Canada Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
While we expect our results to continue to reflect additional COVID-19 claims, we expect that impact to diminish in the coming quarters, and believe that our strong financial condition and global business platform will deliver improved results as the year progresses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income