NU Online News Service, Oct. 23, 2003, 5:33 p.m. EDT – Reinsurance Group of America Inc., St. Louis, says strong premium growth helped it increase its third quarter net income 24%.
The life reinsurer is reporting $42 million in net income for the third quarter on $713 million in revenue, up from $34 million in net income on $550 million in revenue for the third quarter of 2002.
Premium was up in all market segments, but the U.S. mortality rate was somewhat higher than expected, RGA says.