Mar 31, 2024

RGA Q1 2024 Earnings Report

RGA reported first quarter results with net income available to RGA shareholders of $3.16 per diluted share and adjusted operating income of $6.02 per diluted share.

Key Takeaways

Reinsurance Group of America reported an excellent first quarter, with strong performance in both the Traditional and Financial Solutions businesses, and a record deployment of capital into in-force transactions. The company remains optimistic about the future and expects to continue to deliver attractive financial results.

Net income available to RGA shareholders was $3.16 per diluted share.

Adjusted operating income was $6.02 per diluted share.

Premium growth was 58.8% over the prior-year quarter, or 59.2% on a constant currency basis.

Capital deployment into in-force transactions reached $737 million.

Total Revenue
$6.34B
Previous year: $4.25B
+49.1%
EPS
$6.02
Previous year: $5.16
+16.7%
Book Value Per Share
$144
Previous year: $115
+25.6%
Book Value Per Share excl AOCI
$146
Previous year: $137
+6.8%
Gross Profit
$6.09B
Previous year: $4B
+52.3%
Cash and Equivalents
$5.94B
Previous year: $3.29B
+80.2%
Total Assets
$106B
Previous year: $89.1B
+18.9%

RGA

RGA

Forward Guidance

Based on favorable business conditions and RGA's global leadership position, the company is optimistic about the future and expects to continue to deliver attractive financial results over time.

Positive Outlook

  • Favorable business conditions
  • RGA's global leadership position