Reinsurance Group of America Inc. (RGA) 2010年年度报告「NYSE」.pdf

1、2010 Annual ReportI To Our Shareholders:Over the 38 years since RGA began operations,we have seen economic cycles ebb and flow,markets shrink and expand,and businesses come and go.RGA has grown steadily during these times,delivering consistent value to shareholders and helping our clients and partne

2、rs manage risk and build their businesses.We successfully endured difficult cycles by adhering to sound risk management strategies and delivering innovative solutions to support the growth and success of the markets and clients we serve.RGA enjoyed an excellent year in 2010.We continued to help our

3、clients,expanded our operations and grew our businesses.Net income grew 41%to$574 million,while operating income per share increased 13%1.Premiums rose 16%,including the contribution of the newly acquired ReliaStar group business for the first time.Book value per share,excluding accumulated other co

4、mprehensive income,increased 15%1 and has displayed a compounded annual growth rate of 12%1 over the last ten years.For the fifth consecutive year,RGAs operating return on equity exceeded 13%1,overcoming the downward pressure from lower interest rates in recent years.As important to RGAs future as t

5、he strong results posted in 2010 is the success we continue to achieve in the marketplace.RGA stands out as one of the leading reinsurers in each of the markets in which we have established a presence.Life insurers consistently rank RGA among the most capable and responsive of the reinsurers with wh

6、ich they conduct business.Year after year,RGA receives superior rankings in the customer satisfaction surveys conducted in our industry.Cedants in North America voted RGA Best Overall Life Reinsurer for the fourth consecutive time in the 2011 Flasphler biennial customer satisfaction survey.NMG Consu