RGA Q1 2022 Earnings Report
Key Takeaways
Reinsurance Group of America reported a first quarter net loss of $63 million, or $0.93 per diluted share, compared to a net income of $139 million, or $2.03 per diluted share, in the prior-year quarter. Adjusted operating income totaled $32 million, or $0.47 per diluted share, compared to an adjusted operating loss of $84 million, or $1.24 per diluted share, the year before. The company deployed $130 million into in-force and other transactions and repurchased $25 million of shares.
Net loss of $0.93 per diluted share
Adjusted operating income of $0.47 per diluted share
Premium growth of 8.3% over the prior-year quarter
Deployed capital of $130 million into in-force and other transactions
RGA
RGA
RGA Revenue by Segment
Forward Guidance
This was a very good start to the year, and despite a meaningful level of COVID-19 mortality claims, many of our businesses performed well, and our investment results were favorable. We continue to see good new business activity both in our organic business and in our global pipelines for in-force transactions.