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Jun 30, 2022
RGA Q2 2022 Earnings Report
Reported second quarter results with net income available to RGA shareholders of $2.92 per diluted share and adjusted operating income of $5.78 per diluted share.
Key Takeaways
Reinsurance Group of America reported strong second quarter results, with a record level of earnings driven by contributions from various business segments. The company saw premium growth of 4.3% over the prior-year quarter and deployed $121 million into transactions. COVID-19 claim costs decreased, and underlying non-COVID-19 mortality was favorable in many markets.
Net income available to RGA shareholders was $2.92 per diluted share.
Adjusted operating income totaled $5.78 per diluted share.
Premium growth was 4.3% over the prior-year quarter.
The company deployed capital of $121 million into transactions.
Revenue by Geographic Location
Forward Guidance
In the first quarter of 2023, the Company will adopt Accounting Standards Update 2018-12, Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (“LDTI”).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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