Podcast Center
Video Center
Webcasts
Resource Center
Events
July 22, 2008 at 01:14 PM
Favorable mortality experience and the strength of non-U.S. currencies helped results at Reinsurance Group of America Inc. during the second quarter.
Here is a summary of the latest earnings news at RGA and other insurers and reinsurers:
RGA, Chesterfield, Mo.
2 Q 2008 Results
NET INCOME: $111 million
REVENUE: $1.6 billion
INVESTMENT LOSSES: $7.1 million
2 Q 2007 Results
NET INCOME: $77 million
REVENUE: $1.2 billion
INVESTMENT LOSSES: $14 million
- Subprime mortgage exposure accounts for less than 2% of total invested assets.
- An increase in the value of non-U.S. currencies relative to the U.S. dollar helped increase the value of Canadian premium revenue by about $11 million and Asia Pacific revenue by about $8.6 million, RGA says.
- U.S. mortality was at expected levels.
StanCorp Financial Group Inc., Portland, Ore.
2 Q 2008 Results
NET INCOME: $48 million
REVENUE: $689 million
NET CAPITAL GAINS/LOSSES: $22 million loss
2 Q 2007 Results
NET INCOME: $52 million
