Reinsurance Group of America Inc RGA.N reported quarterly adjusted earnings of $4.72 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $5.48. The mean expectation of ten analysts for the quarter was for earnings of $5.57 per share. Wall Street expected results to range from $5.36 to $5.88 per share.
Revenue rose 14.8% to $5.60 billion from a year ago; analysts expected $5.68 billion.
Reinsurance Group of America Inc's reported EPS for the quarter was $2.70.
The company reported quarterly net income of $180 million.
Reinsurance Group of America Inc shares had fallen by 4.0% this quarter and lost 10.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.9% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "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 $245.50, about 21.6% above its last closing price of $192.45
This summary was machine generated from LSEG data July 31 at 09:48 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)