Reinsurance Group of America, Incorporated reported net income for the first quarter of $61.7 million, or $0.98 per diluted share, compared with net income of $32.7 million, or $0.66 per diluted share in the prior-year quarter, a 48 percent increase on a diluted per-share basis.
First-quarter net premiums increased 49 percent, to $813.9 million from $545.2 million in 2003. Net realized capital gains totaled $18.4 million on a pre-tax basis versus net realized capital losses of $9.8 million the year before.
RGA uses a non-GAAP financial measure called operating income as a basis for ana...
Comments