Reinsurance Group net income falls in 4th quarter
January 24th, 2008
Reinsurance Group of America Inc. said its fourth quarter net income fell on losses from discontinued operations and changes in the value of embedded derivatives.
Operating income was up 13 percent in the quarter, however, and up 18 percent for the year, said A. Greig Woodring, president and chief executive.
Woodring said its U.S. and Canada segments had strong gains in operating income and favorable claim levels.
Results in the Asia Pacific region were strong, too, but claim levels were high in the Europe and South Africa segment.
The company is well positioned to weather turmoil in the economy and financial markets, Woodring said internet payday loans.
— JERRI STROUD
Filed under: economics, technology, term by TheDoor