Reinsurance Group of America Inc. (RGA) 2020年年度报告「NYSE」.pdf

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1、 2020ANNUALREPORTI To Our Shareholders:COVID-19 has brought disruption,strain,and sorrow for millions of people around the world,and my heart goes out to all who have lost a friend,family member,or loved one during the pandemic.This difficult period has reaffirmed RGAs vital role in an industry that

2、 safeguards families financial futures during times of uncertainty and loss.Throughout 2020,RGAs operational and financial resilience was put to the test,and I am incredibly proud of how our employees and our business have responded by continuing to deliver on our promises to our clients,our investo

3、rs,and the communities in which we live and work.Despite absorbing an estimated$720 million in COVID-19-related claim costs,RGA generated net income of$415 million in 2020,or$6.31 per diluted share,down from the previous years$870 million,or$13.62 per diluted share.RGAs recurring revenue model prove

4、d resilient,producing record highs in annual net premiums of$11.7 billion and total revenues of$14.6 billion.Strong performance in several segments,including Global Financial Solutions across all regions,Asia Pacific across all product lines,and group and individual health operations in the U.S.,off

5、set underperformance in other areas,once again demonstrating the value of RGAs diversified global platform.The negative financial impact of the pandemic manifested most acutely in the U.S.individual mortality business,where estimated COVID-19-related claim costs totaled approximately$545 million.Exc

6、luding claims attributed to COVID-19,the individual mortality experience was generally favorable for the year.On the U.S.group side,a long-term strategy built around disciplined,consistent pricing paid off as favorable experience generated robust earnings growth.Along with strong performances in U.S