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Jun 30, 2023
RGA Q2 2023 Earnings Report
RGA reported second quarter results with net income available to RGA shareholders of $3.05 per diluted share and adjusted operating income of $4.40 per diluted share.
Key Takeaways
Reinsurance Group of America reported a strong second quarter, with most regions and business lines performing very well. The company saw premium growth of 3.3% over the prior-year quarter and deployed capital of $190 million into in-force and other transactions.
Net income available to RGA shareholders was $3.05 per diluted share.
Adjusted operating income was $4.40 per diluted share.
Premium growth was 3.3% over the prior-year quarter, 4.7% on a constant currency basis.
Capital deployed was $190 million into in-force and other transactions.
RGA
RGA
Forward Guidance
Looking forward, RGA sees a bright future and expects to continue to deliver attractive financial results over time, consistent with their new financial targets.
Positive Outlook
- Strong momentum in new business activities, both organic and in-force transactions
- Favorable industry dynamics are creating many growth opportunities
- Continued partnership with clients for shared success
- Strong balance sheet
- Benefiting from the higher yield environment while maintaining risk discipline