Reinsurance Group Of America (RGA) has reported 16.57 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $190.15 million, or $2.92 a share in the quarter, compared with $163.13 million, or $2.46 a share for the same period last year.

Revenue during the quarter grew 8.51 percent to $3,069.30 million from $2,828.59 million in the previous year period. Net premium earned for the quarter increased 7.07 percent or $164.66 million to $2,493.16 million.

Benefits, losses and expenses for the quarter were at $2,773.76 million, or 111.25 percent of premium earned from $2,621.85 million or 112.60 percent of premium earned in the last year period. Operating income for the quarter was $295.54 million, compared with $206.74 million in the previous year period.

Net investment income was at $497.23 million for the quarter, up 6.37 percent or $29.76 million from year-ago period. The company has recorded a gain on investments of $10.19 million in the quarter compared with a loss of $44.81 million for the previous year period.

Anna Manning, president and chief executive officer, commented, "This was another good quarter for RGA, and it closed out a very successful year. The fourth-quarter results continued a pattern of good overall momentum and favorable diversification of earnings by geography and product. Most key business segments posted good results, with a notably strong performance for the U.S. Traditional segment. EMEA, Asia Traditional and Canada also performed well, while Australia underperformed. Overall top-line premium growth was fairly strong again up 7 percent, or 9 percent in constant currencies, based primarily upon solid organic growth and modest contributions from in-force transactions.