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Dec 31, 2022
RGA Q4 2022 Earnings Report
Reported solid Q4 2022 earnings with strong segment performance.
Key Takeaways
Reinsurance Group of America reported Q4 net income available to RGA shareholders of $204 million, or $3.02 per diluted share, compared to $156 million, or $2.30 per diluted share in the prior-year quarter. Adjusted operating income for the fourth quarter totaled $202 million, or $2.99 per diluted share, compared with adjusted operating loss of $38 million, or $0.56 per diluted share, the year before.
Net income available to RGA shareholders was $3.02 per diluted share, including adverse foreign currency effects of $0.42 per diluted share.
Adjusted operating income was $2.99 per diluted share, including adverse foreign currency effects of $0.22 per diluted share.
Premium growth of 1.1% over the prior-year quarter, 6.0% on a constant currency basis.
Capital deployment of $80 million into in-force and other transactions with total shareholder capital returns of $78 million.
RGA
RGA
RGA Revenue by Geographic Location
Revenue by Geographic Location
Canada Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com 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.
Positive Outlook
- Favorable business conditions
- RGA's global leadership position
- Expectation to continue to deliver attractive financial results over time
- Strong balance sheet with excess capital of approximately $1.2 billion
- Good new business activity in organic business and pipeline for in-force transactions
Challenges Ahead
- Not Applicable
- Not Applicable
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- Not Applicable
Revenue & Expenses
Visualization of income flow from segment revenue to net income