Reinsurance Group Of America ( (RGA) ) has released its Q4 earnings. Here is a breakdown of the information Reinsurance Group Of America presented to its investors.
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Reinsurance Group of America, Incorporated (RGA) is a leading global provider of life and health reinsurance, focusing on financial solutions that aid clients in managing risk and optimizing capital. The company is recognized for its innovative approaches and strong client focus.
In its recent earnings report, RGA disclosed its financial performance for the fourth quarter and the full year. While the fourth quarter saw a slight decrease in net income compared to the previous year, the company achieved record annual operating earnings. The firm also made significant capital deployments into in-force block transactions.
Key highlights of RGA’s financial results include a full-year net income of $717 million and an adjusted operating income of $1,342 million. The adjusted operating income, excluding notable items, reached $1,510 million. The company’s return on equity (ROE) stood at 7.1%, with an adjusted operating ROE of 13.8%, further excluding notable items, it reached 15.4%. RGA also reported strong growth in net premiums and investment income, driven by higher average invested assets.
Looking forward, RGA’s management remains optimistic due to favorable business conditions and the company’s global leadership position. They expect to continue delivering attractive financial results and have increased their intermediate-term financial targets, including raising the adjusted operating ROE target to 13% to 15%.
