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Sep 30, 2021
RGA Q3 2021 Earnings Report
RGA reported a net loss of $0.32 per diluted share and an adjusted operating loss of $1.11 per diluted share for the third quarter.
Key Takeaways
Reinsurance Group of America reported a net loss of $22 million, or $0.32 per diluted share, compared to a net income of $213 million in the prior-year quarter. The adjusted operating loss totaled $75 million, or $1.11 per diluted share, compared to an adjusted operating income of $239 million the year before. COVID-19 impacts were estimated at approximately $500 million on a pre-tax basis.
Net loss of $0.32 per diluted share
Adjusted operating loss of $1.11 per diluted share
Reported premium growth of 9.5%
Deployed capital of $140 million into transactions and $46 million into share buybacks
RGA
RGA
Forward Guidance
While our results will continue to reflect COVID-19 claims, we expect them to continue to be manageable.