Exhibit 99.1
    Fourth-quarter earnings per diluted share: net income $2.62; operating income* $2.15
    Premiums up 13 percent to $1.8 billion for the quarter
    Full-year operating return on equity* 13 percent
    Five-year average operating return on equity* 13 percent
ST. LOUIS, January 31, 2011
— Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global provider of life reinsurance, reported fourth-quarter net income of $196.7 million, or $2.62 per diluted share, compared to $112.4 million, or $1.52 per diluted share in the prior-year quarter. Operating income* totaled $161.4 million, or $2.15 per diluted share, compared to $125.8 million, or $1.70 per diluted share in the year-ago quarter. Operating income per diluted share increased 26 percent over the year-ago quarter.
    Quarterly Results   Full-Year Results
($ in thousands, except per share data)   2010   2009   2010   2009
Net premiums
  $ 1,801,899     $ 1,598,754     $ 6,659,680     $ 5,725,161  
Net income
    196,712       112,409       574,402       407,086  
Net income per diluted share
    2.62       1.52       7.69       5.55  
Operating income*
    161,419       125,833       504,029       438,321  
Operating income per diluted share*
    2.15       1.70       6.75       5.98  
Book value per share
    68.71       52.99                  
Book value per share (excl. Accumulated Other Comprehensive Income “AOCI”)*
    56.34       48.89                  
Total assets
    29,081,908       25,249,501                  
*   See ‘Use of Non-GAAP Financial Measures’ below
Net income for the year increased 41 percent to $574.4 million, or $7.69 per diluted share, from $407.1 million, or $5.55 per diluted share, in 2009. Operating income* rose 15 percent and totaled $504.0 million, or $6.75 per diluted share, compared with $438.3 million, or $5.98 per diluted share, the year before. Foreign currency fluctuations benefited year-to-date operating income per diluted share by $0.16. In particular, Canadian dollar appreciation versus the U.S. dollar increased consolidated after-tax operating income by $7.6 million, or $0.10 per diluted share, for the year. Net premiums increased $934.5 million, or 16 percent, and net investment income rose $116.2 million, or 10 percent, compared to 2009. Net premiums for the group reinsurance business acquired at the beginning of 2010 totaled $301.4 million.
For the quarter, consolidated net premiums were up 13 percent, to $1,801.9 million, including $73.8 million from the group reinsurance business. Holding foreign exchange rates constant, premiums rose 11 percent. Investment income increased 13 percent to $355.2 million from $315.2 million in the year-earlier quarter, with average investment yields of 5.43 percent and 5.85 percent, respectively. Excluding the change in fair value of option contracts supporting equity-indexed annuities, investment income increased $23.1 million, or 8 percent, to 310.1 million, primarily due


The following information was filed by Reinsurance Group Of America Inc (RGA) on Monday, January 31, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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