Reinsurance Group of America Inc. (RGA) 2011年年度报告「NYSE」.pdf

1、2011ANNUAL REPORTI To Our Shareholders:In 2011,RGA achieved excellent results and finished the year even stronger than when we started,despite 2011 being a year marked by challenges to the insurance sector and to the global economy.Operating earnings rose 7%1,while net premiums jumped 10%to$7.3 bill

2、ion and operating ROE reached 13%1.This is the sixth year in a row that RGA has delivered an ROE of 13%or better.RGAs long history of excellent annual performance is all the more remarkable in view of the difficult financial environment that has persisted in recent years.Over the past five years,net

3、 premiums have grown at a compound rate of 11%,and net income at a compound 16%.Our unwavering focus on our customers needs and our ability to provide practical risk management and capital solutions for the issues they face are well-recognized and longstanding characteristics of the way RGA does bus

4、iness.The complex,challenging environment of the past several years has led to greater opportunities to demonstrate our commitment and our dedication to supporting customers.We continue to look for ways to enhance their prosperity.In addition to our business achievements during the year,RGA again re

5、ceived a number of significant industry recognitions in 2011.We were gratified that life insurers again ranked RGA highly in the primary 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

6、Flasphler biennial customer satisfaction survey.NMG Consultings 2011 studies of cedants in the Canada,Central&Eastern Europe,Continental Europe,Italy,Mexico,South Africa,and U.K.&Ireland markets rated RGA first in business capability.RGA was named“Life Reinsurance Company of the Year”at The Review W