Reinsurance Group of America (RGA) 8-K 2013 FY Regulation FD Disclosure

Exhibit 99.2

Total U.S. and Latin America Operations
(dollars in thousands)			Fiscal 2013
			Q1			Q2			Q3			Q4
Revenues:
	Net premiums		$	1,060,266		$	1,147,871		$	1,127,983		$	1,249,891
	Investment income, net of related expenses		312,501			335,200			264,432			352,973
	Investment related gains (losses), net:
		Other-than-temporary impairments on fixed maturity securities	(162		)	(8,085		)	—			(417		)
		Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income	—			(253		)	—			—
		Other investment related gains (losses), net	96,089			55,012			(87,634		)	(5,605		)
		Total Investment related gains (losses), net	95,927			46,674			(87,634		)	(6,022		)
	Other revenue		42,330			47,577			44,998			43,792
		Total revenues	1,511,024			1,577,322			1,349,779			1,640,634
Benefits and expenses:
	Claims and other policy benefits		940,469			992,851			981,685			1,076,407
	Interest credited		124,935			117,853			59,464			166,182
	Policy acquisition costs and other insurance expenses		238,175			267,877			172,250			200,101
	Other operating expenses		30,338			27,532			30,291			29,114
		Total benefits and expenses	1,333,917			1,406,113			1,243,690			1,471,804
		Income before income taxes	$	177,107		$	171,209		$	106,089		$	168,830

(dollars in thousands)			Fiscal 2012
			Q1			Q2			Q3			Q4
Revenues:
	Net premiums		$	1,032,533		$	1,093,721		$	1,058,771		$	1,171,908
	Investment income, net of related expenses		242,052			230,071			296,500			266,314
	Investment related gains (losses), net:
		Other-than-temporary impairments on fixed maturity securities	(6,030		)	(1,822		)	(557		)	(3,765		)
		Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income	(5,907		)	162			(551		)	(7		)
		Other investment related gains (losses), net	39,366			14,927			57,985			109,374
		Total Investment related gains (losses), net	27,429			13,267			56,877			105,602
	Other revenue		29,794			41,537			44,518			47,219
		Total revenues	1,331,808			1,378,596			1,456,666			1,591,043
Benefits and expenses:
	Claims and other policy benefits		915,806			945,711			928,364			982,727
	Interest credited		87,804			66,481			130,115			94,124
	Policy acquisition costs and other insurance expenses		205,330			198,197			214,844			230,064
	Other operating expenses		29,447			25,699			25,504			35,228
		Total benefits and expenses	1,238,387			1,236,088			1,298,827			1,342,143
		Income before income taxes	$	93,421		$	142,508		$	157,839		$	248,900

1

U.S. and Latin America Traditional Operations
(dollars in thousands)			Fiscal 2013
			Q1			Q2			Q3			Q4
Revenues:
	Net premiums		$	1,056,428		$	1,136,742		$	1,124,183		$	1,246,137
	Investment income, net of related expenses		132,535			133,544			138,464			139,281
	Investment related gains (losses), net:
		Other-than-temporary impairments on fixed maturity securities	(162		)	(8,085		)	—			(157		)
		Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income	—			(253		)	—			—
		Other investment related gains (losses), net	7,471			12,049			(5,249		)	(693		)
		Total Investment related gains (losses), net	7,309			3,711			(5,249		)	(850		)
	Other revenue		652			1,334			880			840
		Total revenues	1,196,924			1,275,331			1,258,278			1,385,408
Benefits and expenses:
	Claims and other policy benefits		936,881			981,768			972,786			1,071,733
	Interest credited		16,150			13,590			13,659			9,886
	Policy acquisition costs and other insurance expenses		140,072			166,742			162,710			156,447
	Other operating expenses		24,278			23,018			24,085			24,550
		Total benefits and expenses	1,117,381			1,185,118			1,173,240			1,262,616
		Income before income taxes	$	79,543		$	90,213		$	85,038		$	122,792

(dollars in thousands)			Fiscal 2012
			Q1			Q2			Q3			Q4
Revenues:
	Net premiums		$	1,028,937		$	1,090,366		$	1,055,148		$	1,168,387
	Investment income, net of related expenses		132,611			133,935			135,695			134,197
	Investment related gains (losses), net:
		Other-than-temporary impairments on fixed maturity securities	(6,030		)	(1,822		)	(557		)	(2,199		)
		Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income	(5,907		)	162			(551		)	(7		)
		Other investment related gains (losses), net	(1,098		)	2,427			(744		)	13,997
		Total Investment related gains (losses), net	(13,035		)	767			(1,852		)	11,791
	Other revenue		991			549			977			2,530
		Total revenues	1,149,504			1,225,617			1,189,968			1,316,905
Benefits and expenses:
	Claims and other policy benefits		913,904			940,609			925,536			979,835
	Interest credited		15,054			14,555			14,637			11,421
	Policy acquisition costs and other insurance expenses		145,495			150,896			156,805			145,093
	Other operating expenses		24,533			21,299			21,273			26,696
		Total benefits and expenses	1,098,986			1,127,359			1,118,251			1,163,045
		Income before income taxes	$	50,518		$	98,258		$	71,717		$	153,860

2

Europe, Middle East and Africa Operations
(dollars in thousands)			Fiscal 2013
			Q1		Q2		Q3		Q4
Revenues:
	Net premiums		$	292,809	$	292,180	$	303,259	$	332,495
	Investment income, net of related expenses		11,429		13,623		12,860		14,122
	Investment related gains (losses), net:
		Other-than-temporary impairments on fixed maturity securities	—		—		—		—
		Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income	—		—		—		—
		Other investment related gains (losses), net	1,772		440		1,323		5,441
		Total Investment related gains (losses), net	1,772		440		1,323		5,441
	Other revenue		1,577		3,926		12,409		5,347
		Total revenues	307,587		310,169		329,851		357,405
Benefits and expenses:
	Claims and other policy benefits		260,258		262,443		250,965		293,181
	Interest credited		—		—		—		6,114
	Policy acquisition costs and other insurance expenses		11,607		9,396		13,348		17,883
	Other operating expenses		24,759		26,381		25,874		28,250
		Total benefits and expenses	296,624		298,220		290,187		345,428
		Income before income taxes	$	10,963	$	11,949	$	39,664	$	11,977

(dollars in thousands)			Fiscal 2012
			Q1		Q2		Q3		Q4
Revenues:
	Net premiums		$	271,340	$	288,027	$	278,287	$	377,512
	Investment income, net of related expenses		10,624		10,438		10,646		10,837
	Investment related gains (losses), net:
		Other-than-temporary impairments on fixed maturity securities	—		—		—		—
		Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income	—		—		—		—
		Other investment related gains (losses), net	1,824		1,143		6,957		1,189
		Total Investment related gains (losses), net	1,824		1,143		6,957		1,189
	Other revenue		2,265		1,316		1,360		1,309
		Total revenues	286,053		300,924		297,250		390,847
Benefits and expenses:
	Claims and other policy benefits		240,342		245,042		230,717		338,963
	Interest credited		—		—		—		—
	Policy acquisition costs and other insurance expenses		15,047		13,462		15,119		8,332
	Other operating expenses		23,872		25,357		23,455		34,271
		Total benefits and expenses	279,261		283,861		269,291		381,566
		Income before income taxes	$	6,792	$	17,063	$	27,959	$	9,281

3

Asia Pacific Operations
(dollars in thousands)			Fiscal 2013
			Q1			Q2			Q3			Q4
Revenues:
	Net premiums		$	384,324		$	355,211		$	357,867		$	387,803
	Investment income, net of related expenses		22,630			21,951			22,889			26,860
	Investment related gains (losses), net:
		Other-than-temporary impairments on fixed maturity securities	—			—			(197		)	197
		Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income	—			—			—			—
		Other investment related gains (losses), net	(4,439		)	(4,137		)	5,294			(2,192		)
		Total Investment related gains (losses), net	(4,439		)	(4,137		)	5,097			(1,995		)
	Other revenue		7,336			10,953			7,804			10,472
		Total revenues	409,851			383,978			393,657			423,140
Benefits and expenses:
	Claims and other policy benefits		298,401			578,808			297,208			313,132
	Interest credited		311			274			270			263
	Policy acquisition costs and other insurance expenses		62,086			60,171			47,284			53,267
	Other operating expenses		30,811			32,070			30,116			32,819
		Total benefits and expenses	391,609			671,323			374,878			399,481
		Income before income taxes	$	18,242		$	(287,345	)	$	18,779		$	23,659

(dollars in thousands)			Fiscal 2012
			Q1		Q2		Q3			Q4
Revenues:
	Net premiums		$	339,351	$	346,027	$	345,848		$	378,342
	Investment income, net of related expenses		23,091		21,238		19,944			21,296
	Investment related gains (losses), net:
		Other-than-temporary impairments on fixed maturity securities	—		—		—			—
		Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income	—		—		—			—
		Other investment related gains (losses), net	4,458		1,003		4,812			(963		)
		Total Investment related gains (losses), net	4,458		1,003		4,812			(963		)
	Other revenue		7,408		24,109		10,055			11,264
		Total revenues	374,308		392,377		380,659			409,939
Benefits and expenses:
	Claims and other policy benefits		263,319		249,881		312,346			306,141
	Interest credited		238		216		204			653
	Policy acquisition costs and other insurance expenses		50,842		90,146		52,547			58,368
	Other operating expenses		28,704		27,669		28,999			35,038
		Total benefits and expenses	343,103		367,912		394,096			400,200
		Income before income taxes	$	31,205	$	24,465	$	(13,437	)	$	9,739

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