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July 25, 2003 at 08:00 PM
NU Online News Service, July 25, 2003, 12:37 p.m. EDT – The Reinsurance Group of America Inc., St. Louis, is reporting $43 million in net income for the second quarter on $714 million in revenue, up from $28 million in net income on $557 million in revenue for the second quarter of 2002.
The amount of gross life reinsurance written in North America during the first half of the year fell to $71 billion, from $79 billion, but the amount written in other markets increased to $31 billion, from $29 billion.
The yield on invested assets fell to 6.67% during the first half, down slightly from 6.68% during the first half of 2002.
