Reinsurance Group of America Inc reports results for the quarter ended in December - Earnings Summary

Reinsurance of America, Incorporated

01/02/2024 22:41

* Reinsurance Group of America Inc  RGA.N  reported
quarterly
adjusted earnings of $4.73​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $2.99.  The mean expectation of
thirteen analysts for the quarter was for earnings of $4.46 per
share. Wall Street expected results to range from $4.18 
to $4.83 per share.
    * Revenue rose 14.4% to $5.01 billion from a year ago;
analysts
expected $4.55 billion. 
    * Reinsurance Group of America Inc's reported EPS for the
quarter
was $2.37​.
    * The company reported quarterly net income of $158 million.
    * Reinsurance Group of America Inc shares had risen by 7.5%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the reinsurance
peer
group is also "buy"

Wall Street's median 12-month price target for Reinsurance Group
of America Inc is $190.50 
This summary was machine generated from LSEG data February 1 at
10:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      4.46           4.73           Beat
 Sep. 30 2023      4.27           5.57           Beat
 Jun. 30 2023      4.14           4.40           Beat
 Mar. 31 2023      3.38           5.16           Beat