Reinsurance Group of America has reported a net income of $132.9m, or $1.78 per diluted share, for the second quarter of 2010 compared to $127.0m, or $1.70 per diluted share in the prior-year quarter.
The operating income rose to $128.0m in the second quarter of 2011, compared to $121.9m in the year-ago quarter.
Total revenues for the second quarter of 2010 rose to $2.20bn compared to $1.93bn for the same quarter in 2010.
The company reported net premiums of $1.79bn for the second quarter of 2010, which is an increase of 13% compared to $1.58bn for the same period last year.
The US traditional sub-segment reported pre-tax net income of $93.5mn for the current quarter, compared with $98.8mn year-ago quarter.
In the second quarter of 2011, Canadian operations reported pre-tax net income of $44m, compared to $34mn in the second quarter of 2010.
Asia Pacific reported pre-tax net income of $8m in this quarter, compared to $24m in the second quarter of 2010.
Europe & South Africa pre-tax net income decreased to $16.2mn in the second quarter of the 2011, from $22m in the year-ago quarter.
Reinsurance Group of America president and CEO Greig Woodring said consolidated results were generally in line with the company’s expectations, with strong contributions from the Canadian operations and some unfavorable claims experience in international operations.
"Consolidated premium growth of 8% on an original currency basis was slightly below our expectations for the quarter," Woodring said.