By Paulo Trevisani

 

Reinsurance Group of America Inc. said Tuesday that foreign exchange rates boosted second-quarter earnings, while deepening operating loss in some segments.

The Chesterfield, Mont. life reinsurer reported net income of $5.02 a share, more than double the $2.48 a share it made a year ago, and said net foreign currency fluctuations had a favorable impact of 16 cents a share.

RGA said FX conversions had a negative impact on operating loss in some segments, including a $1 million adverse effect in Canada and a $4 million unfavorable hit in Europe, Mille East and Africa.

 

Write to Paulo Trevisani at paulo.trevisani@wsj.com

 

(END) Dow Jones Newswires

August 03, 2021 17:38 ET (21:38 GMT)

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