Reinsurance Group of America Reports Fourth Quarter Results

Rhea-AI Summary

Reinsurance Group of America (NYSE: RGA) reported a fourth quarter net income of $132 million, or $1.94 per diluted share, down from $235 million or $3.68 in the previous year. Adjusted operating income fell to $81 million, or $1.19 per diluted share, compared to $219 million or $3.43 the year prior. The company benefited from favorable foreign currency fluctuations of $0.06 per share on net income and $0.04 on adjusted income. Net premiums for the quarter were $3.26 billion versus $2.99 billion; year-to-date premiums totaled $11.69 billion.

Positive

• Net premiums increased to $3.26 billion, up from $2.99 billion in the prior year.
• Foreign currency fluctuations positively affected net income and adjusted operating income.

Negative

• Net income decreased from $235 million to $132 million year-over-year.
• Adjusted operating income dropped from $219 million to $81 million.

Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported fourth quarter net income of $132 million, or $1.94 per diluted share, compared with $235 million, or $3.68 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $81 million, or $1.19 per diluted share, compared with $219 million, or $3.43 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.06 per diluted share on net income and $0.04 per diluted share on adjusted operating income as compared with the prior year.

		Quarterly Results								Year-to-Date Results
($ in millions, except per share data)		2020				2019				2020				2019
Net premiums		$	3,260			$	2,986			$	11,694			$	11,297
Net income		132				235				415				870
Net income per diluted share		1.94

FAQ

What were the fourth quarter results for RGA in 2020?

RGA reported net income of $132 million, or $1.94 per diluted share, down from $235 million, or $3.68 in the previous year.

How did the adjusted operating income of RGA change year-over-year?

Adjusted operating income fell to $81 million, or $1.19 per diluted share, compared to $219 million, or $3.43 per diluted share the year before.

What impact did foreign currency fluctuations have on RGA's earnings?

Foreign currency fluctuations positively impacted net income by $0.06 per share and adjusted operating income by $0.04 per share.

What was the total net premiums reported by RGA in the fourth quarter?

RGA reported net premiums of $3.26 billion for the fourth quarter.

How do the year-to-date net premiums for RGA compare to the previous year?

Year-to-date net premiums for RGA were $11.69 billion, an increase from $11.29 billion the previous year.