Reinsurance Group of America, Incorporated (NYSE:RGA) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET

Company Participants

Anna Manning - President and Chief Executive Officer

Todd Larson - Senior Executive Vice President and Chief Financial Officer

Leslie Barbi - Executive Vice President and Chief Investment Officer

Jonathan Porter - Executive Vice President and Global Chief Risk Officer

Conference Call Participants

Jamminder Bhullar - JPMorgan Chase & Co.

Erik Bass - Autonomous Research

John Barnidge - Piper Sandler & Co.

Ryan Krueger - KBW

Tom Gallagher - Evercore ISI

Alexander Scott - Goldman Sachs Group

Andrew Kligerman - Crédit Suisse

Michael Ward - Citi

Daniel Bergman - Jefferies

Operator

Good day, and welcome to the Reinsurance Group of America Second Quarter 2022 Results Conference Call. Today's call is being recorded. At this time, I would like to introduce Mr. Todd Larson, Senior Executive Vice President and Chief Financial Officer; and Ms. Anna Manning, President and Chief Executive Officer. Please go ahead, Mr. Larson.

Todd Larson

Thank you. Good morning, and welcome to RGA's second quarter 2022 conference call. I am joined on the call this morning with Anna Manning, RGA's President and Chief Executive Officer; Leslie Barbi, our Chief Investment Officer; Jonathan Porter, our Chief Risk Officer; and Jeff Hopson, the Head of our Investor Relations.

Now a quick reminder about forward looking information and GAAP financial measures. Some of our comments or answers to your questions may contain forward-statements. Actual results could differ materially from expected results. Please refer to the earnings release we issued yesterday for important factors that could cause actual results to differ materially from expected results. Additionally, during the course of this call, information we provide may include non-GAAP financial measures. Please see our earnings release, earnings presentation, quarterly financial supplement and website for discussion of these terms and recommendations to GAAP measures.

And now we'll turn the call over to her Anna Manning for her comments.

Anna Manning

Good morning, and thank you for joining our call this morning. Last night we reported adjusted operating earnings per share of $5.78. This was a record level of earnings for us. And importantly, it included strong contributions for many of our business segments. In addition, growth in organic new business was good. And we had another active quarter for capital deployment into in-force and other transactions. We also saw COVID claims come down substantially, and our underlying non-COVID mortality was favorable in most markets. And while uncertainty remained, we expect future COVID impacts to continue to be more limited, given the protection provided by vaccinations and prior infections, and by the continued development of new vaccines and treatments.