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1、2021 Annual ReportI To Our Shareholders:RGA is a strong and resilient company,and the work we do to provide financial protection to millions of people around the world has never been more important.In 2021,even with an estimated$1.4 billion in COVID-19-related claim costs,RGA still produced meaningf
2、ul earnings and,importantly,enabled our clients to support their policyholders amid widespread uncertainty and loss.As the only global reinsurer focused exclusively on life and health,RGA brings focus and a differentiated business to meet clients specific needs.In 2021,we maintained our leadership p
3、ositions in all major markets,deepened client relationships,and improved our brand by combining the capacity of RGAs global technical expertise with empowered local teams to deliver customized,innovative reinsurance solutions.RGA partnered with clients to advance future-focused initiatives in areas
4、such as product development,underwriting,data analytics,and capital management.RGA experts also served as thought leaders for the industry,sharing insights and research reports to create new business opportunities and propel the industry forward.In 2021,RGA was ranked#1 for the 11th consecutive year
5、 on NMG Consultings Global All Respondent Business Capability Index,based on feedback from life and health insurance companies worldwide.RGA generated net income of$617 million in 2021,or$9.04 per diluted share.This result at a time of industry-wide financial stress speaks to the strength of RGAs bu
6、siness model,which is supported by a strong balance sheet,a balanced capital management strategy,and a quality investment portfolio.RGAs diversified global platform again proved resilient as strong performance in some parts of the business offset underperformance in other areas.Global Financial Solu