Reinsurance Group of America, a US-based life reinsurer, has reported a third quarter net loss of $22 million, down from a $213 million net income in the prior-year quarter.
Adjusted operating losses totaled $75 million, compared with adjusted operating income of $239 million in the prior period.
Consolidated net premiums totaled $3.1 billion, an increase of 9.5% over last year’s third quarter, with a favorable net foreign currency effect of $51 million.
The firm’s US & Latin America segment fell to a pre-tax loss of $126 million after having previously secured an income of $14 million.
