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Sep 30, 2024

RGA Q3 2024 Earnings Report

RGA's financial performance excelled, marked by record results and strategic capital deployment.

Key Takeaways

Reinsurance Group of America reported a strong third quarter with record financial results. The company saw significant contributions from its Asia Traditional and Financial Solutions businesses, as well as solid performance in the U.S. Traditional business and EMEA region. RGA deployed $382 million into in-force block transactions and ended the quarter with approximately $0.7 billion in excess capital.

Net income available to RGA shareholders was $2.33 per diluted share.

Adjusted operating income reached $3.62 per diluted share.

Adjusted operating income, excluding notable items, was $6.13 per diluted share, a record quarterly result.

Capital deployment into in-force block transactions totaled $382 million.

Total Revenue
$5.5B
Previous year: $5.15B
+6.8%
EPS
$6.13
Previous year: $5.57
+10.1%
Book Value Per Share
$169
Previous year: $122
+38.0%
Book Value Per Share excl AOCI
$150
Previous year: $143
+4.9%
Gross Profit
$5.35B
Previous year: $4.88B
+9.7%
Cash and Equivalents
$5.2B
Previous year: $2.82B
+84.2%
Free Cash Flow
$1.07B
Previous year: -$1.01B
-205.9%
Total Assets
$120B
Previous year: $87.4B
+37.6%

RGA

RGA

RGA Revenue by Segment

Forward Guidance

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

Revenue & Expenses

Visualization of income flow from segment revenue to net income