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Reinsurance Group of America, Incorporated reports developments tied to its global life and health reinsurance business. The company provides life reinsurance, living benefits reinsurance, group and health reinsurance, financial solutions, facultative underwriting, and product development across markets in the Americas, Europe, Africa, Asia, and Australia.
Recurring RGA news includes quarterly operating results, capital allocation updates, dividends, debt securities activity, credit rating actions, board and executive leadership changes, and investment management developments. Coverage also reflects the company’s traditional reinsurance and financial solutions activities, along with balance sheet, risk-management, and governance topics relevant to a publicly traded insurance holding company.
Reinsurance Group of America (NYSE:RGA) will release its fourth quarter earnings on February 8 at 4:15 p.m. Eastern Time. A conference call to discuss the results is scheduled for February 9 at 9 a.m. Participants can dial in at 1-800-458-4121 or listen via a live audio webcast on RGA's website. RGA holds approximately $3.4 trillion in life reinsurance and $82.1 billion in assets as of September 30, 2020. The company, founded in 1973 and headquartered in St. Louis, continues to be a leader in life reinsurance and financial solutions.
Reinsurance Group of America (RGA) announced the election of Shundrawn A. Thomas to its Board of Directors effective February 1, 2021. This appointment expands the board to 12 members. With over 25 years in financial services, Thomas brings extensive expertise in corporate strategy and investment management from his roles at Northern Trust and Goldman Sachs. His leadership in diversity-driven organizational transformation is expected to enhance RGA's strategic initiatives. RGA, a Fortune 500 company, manages approximately $3.4 trillion in life reinsurance.
Reinsurance Group of America (RGA) reported third quarter net income of $213 million, or $3.12 per diluted share, down from $263 million or $4.12 per share in the same quarter last year. Adjusted operating income was $239 million, $3.51 per share, compared to $256 million or $4.02 per share in 2019. Despite a 1% rise in net premiums to $2.8 billion, investment income saw a 16% drop. The company declared a quarterly dividend of $0.70, payable December 3.
Reinsurance Group of America (RGA) plans to release its third quarter earnings on November 5, at 4:15 p.m. Eastern Time. A conference call to discuss the results will be held the next day, November 6, at 10 a.m. Eastern Time. Interested parties can join the call by dialing 1-800-458-4121, with an access code of 5309099. RGA, a leading provider of life reinsurance, manages approximately $3.5 trillion in life reinsurance in force and has assets totaling $80.7 billion as of June 30, 2020. Further details are available on RGA's website.