RGA Q4 2024 Earnings Report
Key Takeaways
Reinsurance Group of America reported a decrease in net income available to RGA shareholders to $148 million, or $2.22 per diluted share, compared to $158 million, or $2.37 per diluted share, in the prior year quarter. However, adjusted operating income increased to $334 million, or $4.99 per diluted share, from $316 million, or $4.73 per diluted share, in the same period last year. The company deployed $250 million into in-force block transactions during the quarter and ended the quarter with deployable capital of $1.7 billion.
Net income available to RGA shareholders was $2.22 per diluted share.
Adjusted operating income reached $4.99 per diluted share.
Capital deployment into in-force block transactions totaled $250 million.
Deployable capital at quarter-end stood at $1.7 billion.
RGA
RGA
Forward Guidance
RGA has updated its intermediate term financial targets, including raising its adjusted operating ROE target to 13% to 15%, to reflect the expectation of continued strong fundamentals of our business for the foreseeable future.