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Jun 30, 2020
RGA Q2 2020 Earnings Report
RGA's financial performance was negatively impacted by COVID-19, but most segments performed in line with or better than expectations.
Key Takeaways
Reinsurance Group of America reported a decrease in net income to $158 million, or $2.48 per diluted share, compared to $202 million, or $3.18 per diluted share, in the prior-year quarter. Adjusted operating income totaled $87 million, or $1.36 per diluted share, compared to $211 million, or $3.31 per diluted share, the year before. COVID-19 claims were estimated at $300 million globally.
Net income was $2.48 per diluted share.
Adjusted operating income was $1.36 per diluted share.
Trailing twelve months ROE was 5.1% and adjusted operating ROE was 7.8%.
COVID-19 claims, including IBNR, were estimated to be $300 million on a global basis.
RGA
RGA
Forward Guidance
The company did not provide forward guidance in the earnings report.