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Sep 30, 2023
RGA Q3 2023 Earnings Report
Reported strong third quarter results with significant premium growth and profitability.
Key Takeaways
Reinsurance Group of America reported a strong third quarter with net income available to RGA shareholders of $287 million, or $4.29 per diluted share, and adjusted operating income of $372 million, or $5.57 per diluted share. The company experienced significant premium growth of 31.0% over the prior-year quarter and deployed capital of $203 million into in-force and other transactions.
Net income available to RGA shareholders was $4.29 per diluted share.
Adjusted operating income was $5.57 per diluted share.
Premium growth was 31.0% over the prior-year quarter, or 30.6% on a constant currency basis.
Capital deployment totaled $203 million into in-force and other transactions.
RGA
RGA
RGA Revenue by Geographic Location
Revenue by Geographic Location
Canada Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
RGA is optimistic about its future and its ability to deliver attractive returns for its shareholders, citing strong momentum in new business activities and pipelines, and favorable industry dynamics.
Positive Outlook
- Strong momentum in new business activities
- Healthy new business pipelines
- Favorable industry dynamics
- Well-positioned to benefit from industry dynamics
- Ability to deliver attractive returns for shareholders
Challenges Ahead
- Adverse changes in mortality, morbidity, lapsation or claims experience
- Inadequate risk analysis and underwriting
- Adverse capital and credit market conditions
- Changes in the company's financial strength and credit ratings
- General economic conditions or a prolonged economic downturn
Revenue & Expenses
Visualization of income flow from segment revenue to net income