RGA says Q1 net income halved
Reinsurance Group of America, the US life reinsurer, said that its first quarter net income more than halved compared to this time last year, after higher-than-expected level of mortality claims.
Net income for the first quarter of $31.5m, compared to $76.3m in the prior-year quarter. Operating income decreased to $71.0m from $82.1m, or in the year-ago quarter, primarily reflecting adverse
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