Reinsurance Group of America Inc reports results for the quarter ended in September 30 - Earnings Summary

Reinsurance of America, Incorporated

01/11/2024 03:09

* Reinsurance Group of America Inc  RGA.N  reported
quarterly
adjusted earnings of $6.13​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $5.57.  The mean expectation of
thirteen analysts for the quarter was for earnings of $5.31 per
share. Wall Street expected results to range from $4.94 
to $5.96 per share.
    * Revenue rose 9.7% to $5.65 billion from a year ago;
analysts
expected $5.13 billion. 
    * Reinsurance Group of America Inc's reported EPS for the
quarter
was $2.33​.
    * The company reported quarterly net income of $156 million.
    * Reinsurance Group of America Inc shares had fallen by 1.4%
this
quarter and gained 32.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"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 243.00 
This summary was machine generated from LSEG data November 1 at
03:08 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
 Sep. 30 2024      5.31           6.13           Beat
 Jun. 30 2024      5.09           5.48           Beat
 Mar. 31 2024      4.55           6.02           Beat
 Dec. 31 2023      4.46           4.73           Beat