Reinsurance Group of America Q2 net income rises to $462 million; net premiums increase 7.7% to $4.47 billion
RGA•Q2 results and premiums rise
- Reinsurance Group of America posted Q2 net income available to shareholders of USD 462 million, or USD 7.01 per diluted share, up from USD 180 million.
- Adjusted operating income totaled USD 586 million, or USD 8.89 per diluted share, up from USD 315 million; FX trimmed USD 0.08 per share.
- Net premiums rose 7.7% from a year earlier to USD 4.47 billion; investment income excluding spread-based businesses increased 10.3%.
- Trailing-12-month ROE was 11.5%, while adjusted operating ROE was 17.4%.
- RGA returned USD 111 million to shareholders, raised its quarterly dividend 5.4% to USD 0.98; CEO Tony Cheng cited record results and modestly favorable claims.
