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Jun 30, 2024

RGA Q2 2024 Earnings Report

RGA reported second quarter results with adjusted operating income of $5.48 per diluted share.

Key Takeaways

Reinsurance Group of America reported a second quarter net income available to RGA shareholders of $203 million, or $3.03 per diluted share. Adjusted operating income for the second quarter totaled $365 million, or $5.48 per diluted share. Consolidated net premiums totaled $3.9 billion, an increase of 17.5% over the 2023 second quarter.

Net income available to RGA shareholders of $3.03 per diluted share

Adjusted operating income of $5.48 per diluted share

Premium growth of 17.5% over the prior-year quarter, 18.5% on a constant currency basis

Increased quarterly dividend 4.7% to $0.89 per share

Total Revenue
$4.73B
Previous year: $4.16B
+13.8%
EPS
$5.48
Previous year: $4.4
+24.5%
Gross Profit
$4.59B
Previous year: $3.88B
+18.2%
Cash and Equivalents
$4.6B
Previous year: $2.6B
+76.9%
Total Assets
$105B
Previous year: $89B
+17.7%

RGA

RGA

Forward Guidance

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