RGA Q2 EPS $2.70 vs $3.03 YoY, closes $32B Equitable reinsurance deal

REINSURANCE GROUP OF AMERICA INC

Net income $180M ($2.70/diluted EPS) vs $203M ($3.03) prior year; adjusted operating income $315M ($4.72) vs $365M ($5.48).
Closed $32B reinsurance transaction with Equitable Holdings; priced within target return range, expected to contribute to EPS.
Quarterly dividend increased 4.5% to $0.93 per share, payable Aug 26 to shareholders of record Aug 12.
Estimated deployable capital $3.4B; excess capital rose to $3.8B (pro forma $2.3B after Equitable deal) from $1.9B.
U.S. Individual Life results below expectations due to large claims volatility; APAC and EMEA segments performed well.

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