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

Reinsurance of America, Incorporated

02/08/2024 05:04

* Reinsurance Group of America Inc  RGA.N  reported
quarterly
adjusted earnings of $5.48​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $4.40.  The mean expectation of twelve analysts
for the quarter was for earnings of $5.09 per share. Wall Street
expected results to range from $4.61  to $5.55 per share.
    * Revenue rose 17.4% to $4.88 billion from a year ago;
analysts
expected $5.00 billion. 
    * Reinsurance Group of America Inc's reported EPS for the
quarter
was $3.03​.
    * The company reported quarterly net income of $203 million.
    * Reinsurance Group of America Inc shares had risen by 9.8%
this
quarter and gained 39.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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 $235.50 
This summary was machine generated from LSEG data August 2 at
04:03 a.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
 Jun. 30 2024      5.09           5.48           Beat
 Mar. 31 2024      4.55           6.02           Beat
 Dec. 31 2023      4.46           4.73           Beat
 Sep. 30 2023      4.27           5.57           Beat