NYSE$RGA
Reinsurance Group America Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
RGA reported strong third quarter results with positive contributions from a range of segments and businesses.
Reinsurance Group of America reported a net income available to RGA shareholders of $284 million, or $4.19 per diluted share, and adjusted operating income of $352 million, or $5.20 per diluted share. Premium growth was 4.9% over the prior-year quarter, or 10.1% on a constant currency basis. The company deployed $100 million of capital into transactions and returned $79 million to shareholders.
- Net income available to RGA shareholders was $4.19 per diluted share.
- Adjusted operating income was $5.20 per diluted share.
- Premium growth was 4.9% over the prior-year quarter, 10.1% on a constant currency basis.
- Capital of $100 million was deployed into transactions.
Headline financials
Revenue & EPS history
RGA · Revenue · Quarterly
$4.07B
Forward guidance
The underlying protection markets are active, organic new business activity is healthy, in-force transactions pipelines are very robust, and RGA is better positioned to deliver valuable solutions to its clients than ever before.
Tailwinds
- Positive contributions from a range of segments and businesses.
- Premium growth on a constant currency basis was 10.1%.
- Another active and successful quarter for in-force transactions, deploying $100 million of capital.
- COVID-19 claim costs were comfortably absorbed.
- Underlying non-COVID-19 mortality was favorable in many markets.
Headwinds
- Global estimated COVID-19 impacts of approximately $89 million on a pre-tax basis, or $1.00 per diluted share.
- Net foreign currency fluctuations had an adverse effect of $0.15 per diluted share on adjusted operating income as compared with the prior year.
- Excluding spread-based businesses, third quarter investment income decreased 7.7%, reflecting lower variable investment income in the quarter.
- Average investment yield decreased to 4.40% in the third quarter due to lower variable investment income compared with 4.95% in the prior year.
- Third quarter pre-tax adjusted operating loss was unfavorable as compared to the quarterly average run rate, primarily due to higher general expenses and interest expense.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.1%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.0%
Avg return
30 days after
51%
34 / 67 earnings
Positive
+11.5%
Q2 2020
Best reaction
-13.6%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.4% | -2.5% | -3.9% | |
| Q4 2025 | +9.4% | +7.1% | +0.6% | |
| Q3 2025 | -3.9% | -0.9% | +0.5% | |
| Q1 2025 | +5.7% | +6.6% | +8.7% | |
| Q4 2024 | -9.6% | -13.6% | -17.3% | |
| Q3 2024 | +0.1% | -0.9% | +6.3% | |
| Q2 2024 | -8.5% | -12.4% | -2.1% | |
| Q1 2024 | +5.6% | +6.4% | +9.9% | |
| Q4 2023 | -3.9% | -4.0% | +1.5% | |
| Q3 2023 | +2.4% | +4.4% | +10.1% | |
| Q2 2023 | -1.5% | -1.9% | -2.5% | |
| Q1 2023 | +5.3% | +6.7% | +5.2% | |
| Q4 2022 | -6.5% | -2.1% | -3.5% | |
| Q3 2022 | -0.3% | -0.2% | +0.7% | |
| Q2 2022 | +6.6% | +7.7% | +7.6% | |
| Q1 2022 | +7.1% | +4.6% | +11.3% | |
| Q4 2021 | -1.7% | +2.2% | -9.4% | |
| Q3 2021 | -9.3% | -9.0% | -18.0% | |
| Q2 2021 | +5.4% | +9.6% | +6.5% | |
| Q1 2021 | -4.4% | -3.7% | -2.6% | |
| Q4 2020 | +3.7% | +3.2% | +18.5% | |
| Q3 2020 | +4.9% | +15.8% | +21.9% | |
| Q2 2020 | +11.5% | +8.1% | +11.1% | |
| Q1 2020 | -13.6% | -5.9% | -3.7% | |
| Q4 2019 | -3.9% | -5.3% | -15.5% | |
| Q3 2019 | +0.1% | +2.8% | +2.0% | |
| Q2 2019 | -5.7% | -7.1% | -7.8% | |
| Q1 2019 | +0.7% | +0.2% | -0.8% | |
| Q4 2018 | -4.1% | -2.6% | -3.3% | |
| Q3 2018 | +6.6% | +9.4% | +14.0% | |
| Q2 2018 | -1.4% | +1.9% | +3.3% | |
| Q1 2018 | -0.5% | -2.4% | -4.3% | |
| Q4 2017 | -0.8% | -3.6% | -4.7% | |
| Q3 2017 | +6.0% | +4.0% | +10.4% | |
| Q2 2017 | +3.7% | +5.0% | +1.9% | |
| Q1 2017 | -4.2% | -2.6% | -3.7% | |
| Q4 2016 | -0.2% | +1.1% | +5.2% | |
| Q3 2016 | +1.0% | -0.1% | +13.5% | |
| Q2 2016 | +3.5% | +3.0% | +9.1% | |
| Q1 2016 | -1.8% | — | — | |
| Q4 2015 | -1.3% | — | — | |
| Q3 2015 | -7.0% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | +3.2% | — | — | |
| Q3 2014 | +2.9% | — | — | |
| Q2 2014 | +1.7% | — | — | |
| Q1 2014 | -4.5% | — | — | |
| Q4 2011 | +2.4% | — | — | |
| Q4 2013 | +2.0% | — | — | |
| Q3 2013 | +2.2% | — | — | |
| Q2 2013 | -6.1% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | +2.7% | — | — | |
| Q3 2012 | -9.0% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q3 2011 | +1.9% | — | — | |
| Q2 2011 | -7.0% | — | — | |
| Q1 2010 | -1.1% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q4 2009 | -0.3% | — | — | |
| Q4 2010 | -0.3% | — | — | |
| Q3 2009 | +2.2% | — | — | |
| Q3 2010 | +2.2% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q2 2009 | +1.5% | — | — |
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