NYSE$RGA
Reinsurance Group America Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported fourth quarter and full year results with net income of $2.30 per diluted share and adjusted operating loss of $0.56 per diluted share.
Reinsurance Group of America reported fourth quarter net income of $156 million, or $2.30 per diluted share, compared with net income of $132 million, or $1.94 per diluted share, in the prior-year quarter. Adjusted operating loss totaled $38 million, or $0.56 per diluted share, compared with adjusted operating income of $81 million, or $1.19 per diluted share, the year before.
- Net income of $2.30 per diluted share
- Adjusted operating loss of $0.56 per diluted share
- Premium growth of 4.5% over the prior-year quarter
- Deployed capital of $106 million into transactions
Headline financials
Revenue & EPS history
RGA · Revenue · Quarterly
$4.36B
Forward guidance
Our fourth quarter was impacted by a meaningful level of COVID-19 mortality claims. Beyond the effect of COVID-19, our results were strong, as a number of our businesses performed well. We continue to see good new business activity both in our organic business and in the pipeline for in-force transactions.
Tailwinds
- See good new business activity both in our organic business
- See good new business activity in the pipeline for in-force transactions
- Deployed $106 million into in-force transactions
- Repurchased $50 million of common shares
- Balance sheet remains strong
Headwinds
- Fourth quarter was impacted by a meaningful level of COVID-19 mortality claims.
- Quarterly results reflected total segment COVID-19 claim costs of approximately $276 million in US and Latin America
- Quarterly results reflected unfavorable individual life mortality experience, including COVID-19 claim costs of $10 million in Canada
- Quarterly results reflected approximately $61 million of COVID-19 claim costs in EMEA
- Quarterly results reflected favorable underwriting experience, absorbing $4 million of COVID-19 claim costs in Asia Pacific
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 Q4 2021
-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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