Reinsurance Group of America Inc. (RGA) 2017年年度报告「NYSE」.pdf

1、 2017 Annual ReportITo Our Shareholders:Reinsurance Group of America(“RGA”)enjoyed another successful year in 2017,establishing records for premium,revenue,income,and earnings per share.These strong results were broad-based,reflecting significant contributions from all of our business segments acros

2、s RGAs diversified global platform.The years performance once again demonstrates the strength of our enterprise strategy as RGA professionals worked to deepen and build upon our core businesses,capitalized on emerging opportunities,and improved our operational efficiency and effectiveness.I am parti

3、cularly proud of how this years accomplishments underscore the talent,passion,and urgency RGA employees bring every day to execute our vision of being an integral and trusted partner,a respected leader,and a long-term value creator.Net income in 2017 reached$1,822 million,or$27.71 per diluted share,

4、versus$701 million,or$10.79 per diluted share in 2016.The Tax Cuts and Jobs Act of 2017,enacted in the U.S.on December 22,2017,created a tax benefit that RGA recognized as a one-time increase in net income of approximately$1.0 billion,or$15.72 per diluted share.This increase provided a significant b

5、oost to our balance sheet and capital position,and we expect ongoing benefits from a reduced effective tax rate for RGA as well as a more level playing field with our global competitors.Pre-tax income totaled$1,143 million,a 9%increase over 2016 and the highest level ever achieved by RGA.Net premium

6、s were$9.8 billion,a 6%increase over 2016,and thanks to significant contributions from our diversified portfolio of businesses,revenues reached$12.5 billion,representing a 9%year-over-year increase.Our U.S.and Latin America traditional operations built on a strong 2016 to deliver results in line wit