NU Online News Service, Jan. 31, 10:15 a.m. – The Reinsurance Group of America Inc., St. Louis, is reporting $33 million in net income for the fourth quarter of 2002 on $714 million in revenue, up from a net loss of $28 million on $551 million in revenue for the fourth quarter of 2001.
Net U.S. reinsurance premiums increased 13%, to $401 million.
Mortality rates have been within the expected range, and many U.S. life insurers have been buying reinsurance to manage their risk exposure and cope with pressure on capital levels, RGA says.
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