India, Nov. 5 -- Reinsurance Group of America, Incorporated (RGA) on Thursday reported an increase in profit for the third quarter, as premiums increased 25 percent.
Net income available to RGA shareholders rose to $456 million, or $6.92 per share, from $253 million, or $3.81 per share, in the prior-year quarter.
Adjusted operating income increased to $558 million, or $8.49 per share, compared with $310 million, or $4.66 per share, a year earlier.
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Consolidated net premiums climbed 25 percent to $5.35 billion from $4.28 billion. The latest quarter included approximately $800 million in single-premium pension risk transfer transactions in the U.S. Financi...