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RGA(RGA) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Adjusted operating income, excluding notable items, was $5.66 per diluted share[15] - The trailing twelve-month adjusted operating ROE, excluding notable items, was 15.0%[15] - The company reported a total adjusted operating income before taxes of $485 million for 1Q25[20] Premium Growth - Traditional premium growth was 11.2% year-to-date on a constant currency basis[15] - Total traditional premiums reached $3.557 billion in 1Q25, a 9.6% increase compared to $3.245 billion in 1Q24[23] - Global Financial Solutions premiums decreased by 78.3%, from $2.131 billion in 1Q24 to $462 million in 1Q25, primarily due to single premium pension risk transfer transactions[23] Capital Management - The company estimates deployable capital of $1.3 billion[15] - Estimated excess capital is $1.9 billion[15] - The company issued $0.7 billion of subordinated debentures at favorable pricing[15] Investment Portfolio - The non-spread new money rate on investments was 6.39%[15] - Over 94% of fixed maturity securities are rated investment-grade[29] - Assets under management are approximately $111 billion[29]