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

Reinsurance of America, Incorporated

03/11/2023 03:29

* Reinsurance Group of America Inc  RGA.N  reported
quarterly
adjusted earnings of $5.57​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $5.20.  The mean expectation of
fourteen analysts for the quarter was for earnings of $4.27 per
share. Wall Street expected results to range from $4.13 
to $4.41 per share.
    * Revenue rose 26.7% to $5.15 billion from a year ago;
analysts
expected $4.35 billion. 
    * Reinsurance Group of America Inc's reported EPS for the
quarter
was $4.29​.
    * The company reported quarterly net income of $287 million.
    * Reinsurance Group of America Inc shares had risen by 2.3%
this
quarter and gained 4.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, six 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," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Reinsurance
Group
of America Inc is $170.00 

This summary was machine generated from LSEG data November 3 at
03:29 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      4.27           5.57           Beat
 Jun. 30 2023      4.14           4.40           Beat
 Mar. 31 2023      3.38           5.16           Beat
 Dec. 31 2022      3.73           2.99           Missed