Reinsurance Group of America, Incorporated (NYSE:RGA) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET
Company Participants
Jeffrey Hopson - Senior Vice President of Investor Relations
Tony Cheng - President and Chief Executive Officer
Axel Andre - Executive Vice President and Chief Financial Officer
Jonathan Porter - Executive Vice President and Chief Risk Officer
Leslie Barbi - Executive Vice President and Chief Investment Officer
Conference Call Participants
John Barnidge - Piper Sandler
Suneet Kamath - Jefferies LLC
Elyse Greenspan - Wells Fargo Securities
Joel Hurwitz - Dowling & Partners Securities, LLC
Thomas Gallagher - Evercore ISI
Ryan Krueger - Keefe, Bruyette & Woods, Inc.
Alex Scott - Barclays Capital, Inc.
Wesley Carmichael - Autonomous Research
Jamminder Bhullar - JPMorgan Chase & Co.
Operator
Good morning, and welcome to the Reinsurance Group of America Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Jeff Hopson, Investor Relations. Please go ahead.
Jeffrey Hopson
Thank you. Welcome to RGA's third quarter 2024 conference call. I'm joined on the call this morning with Tony Cheng, RGA's President and Chief Executive Officer; Axel Andre, Chief Financial Officer; Leslie Barbi, Chief Investment Officer; and Jonathan Porter, Chief Risk Officer.
A quick reminder before we get started regarding forward-looking information and non-GAAP financial measures. Some of our comments or answers to your questions may contain forward-looking statements. Actual results could differ materially from expected results. Please refer to the earnings release we issued yesterday for a list of important factors that could cause actual results to differ from expected results.
Additionally, during the course of this call, the information we provide may include non-GAAP financial measures. Please see our earnings release, earnings presentation and quarterly financial supplement, all of which are posted on our website for discussion of these terms and reconciliations to GAAP measures. Throughout the call, we will be referencing slides from the earnings presentation, which again is posted on our website.
And now I'll turn the call over to Tony for his comments.
Tony Cheng
Good morning, everyone, and thank you for joining our call. Last night, we reported adjusted operating earnings excluding notable items of $6.13 per share. This is yet another record quarter for RGA. Our adjusted operating return on equity, excluding notable items, for the past year was 15.5%. Both the profit figure and the ROE continues to exceed the intermediate-term targets we have previously shared.