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Sep 30, 2020
RGA Q3 2020 Earnings Report
RGA reported third quarter results with net income of $3.12 per diluted share and adjusted operating income of $3.51 per diluted share.
Key Takeaways
Reinsurance Group of America reported a decrease in net income and adjusted operating income compared to the prior-year quarter, but the impact of COVID-19 claims was manageable. The company's balance sheet remained strong with excess capital of approximately $1.5 billion.
Net income was $3.12 per diluted share.
Adjusted operating income was $3.51 per diluted share.
Global COVID-19 claim costs were estimated to be $140 million.
The balance sheet remained strong, with excess capital of approximately $1.5 billion.
RGA
RGA
RGA Revenue by Geographic Location
Revenue by Geographic Location
Canada Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
While there remains uncertainty as to the ongoing and ultimate impact of COVID-19 on our business, we believe that our strong financial condition and global business platform position us to successfully manage through this period.
Revenue & Expenses
Visualization of income flow from segment revenue to net income