Reinsurer RGA Reports Positive FX Impact on Income -- Currency Comment
August 03 2021 - 5:38PM
Dow Jones News
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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