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Life Reinsurer Reports Strong Income Rise

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Insured longevity pushed up third-quarter profits at Reinsurance Group of America Inc.[@@]

RGA, St. Louis, is reporting $68 million in net income for the latest quarter on $750 million in revenue, up from $39 million in net income on $636 million in revenue for the third quarter of 2004.

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Investment income was up, but analysts say good mortality experience also helped third-quarter results.

MetLife Inc., New York, owns about 51% of RGA.