Life - Reinsurance Group of America sees income drop
Life reinsurer, Reinsurance Group of America has reported net income for the third quarter of $25.2m compared to $76.5m for the same quarter last year. However operating income increased by about 25% to $118.5m from $95.65m in the same period last year.
The company said that its Canada, Asia Pacific, Europe and South Africa operations contributed to the strong performance. Third-quarter net premiums rose 6% percent, to $1,303.6m. Net investment
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