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RGA(RGA) - 2024 Q3 - Earnings Call Presentation
2024-11-01 14:58
1 3Q24 Earnings Presentation Reinsurance Group of America, Incorporated 10.31.2024 This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and federal securities laws including, among others, statements relating to projections of the future operations, strategies, earnings, revenues, income or loss, ratios, financial performance, and growth potential of Reinsurance Group of America, Incorporated (the "Company"). Forward-looking statements ...
Reinsurance Group Q3 Earnings Beat Estimates on Higher Revenues
ZACKS· 2024-11-01 13:20
Earnings Performance - Reinsurance Group of America (RGA) reported Q3 2024 adjusted operating earnings of $6.13 per share, beating the Zacks Consensus Estimate by 19% and increasing 10% year over year [1] - Net foreign currency fluctuations positively impacted adjusted operating income by 2 cents per share [1] - Operating revenues of $5.7 billion exceeded the Zacks Consensus Estimate by 13.8% and grew 8.5% year over year, driven by higher net premiums [2] Segment Performance - U.S. and Latin America: Pre-tax adjusted operating income decreased 33.4% year over year to $159 million, with the Traditional segment down 23% and Financial Solutions down 41% [5] - Canada: Pre-tax adjusted operating income decreased 15% year over year to $34 million, with the Traditional segment surging three-fold to $30 million [6] - EMEA: Pre-tax adjusted operating income increased 38.7% year over year to $68 million, despite a pre-tax adjusted operating loss of $18 million in the Traditional segment [7][8] - Asia/Pacific: Pre-tax adjusted operating income decreased 60% year over year to $71 million, with the Traditional segment plunging 92% [9] - Corporate and Other: Pre-tax adjusted operating loss narrowed to $18 million from $25 million in the year-ago quarter [10] Financial Metrics - Net premiums rose 3.2% year over year to $4.4 billion, while investment income increased 28.8% to $1.2 billion [3] - Total benefits and expenses increased 14% year over year to $5.4 billion, driven by higher claims, policy benefits, and other expenses [4] - Assets grew 37.5% year over year to $120.2 billion as of Sept. 30, 2024 [11] - Book value per share increased 5% year over year to $149.63, while adjusted operating return on equity contracted 90 basis points to 13.8% [11] Capital Deployment - RGA deployed $382 million into in-force block transactions [12] - The board declared a quarterly dividend of 89 cents, payable on Nov. 26, 2024 [12] Industry Comparison - Chubb Limited reported Q3 2024 core operating income of $5.72 per share, beating estimates by 16% and increasing 15.6% year over year [14] - Kinsale Capital Group delivered Q3 2024 net operating earnings of $4.20 per share, exceeding estimates by 13.5% and growing 26.9% year over year [16] - Selective Insurance Group reported Q3 2024 operating income of $1.40 per share, missing estimates by 17.1% and decreasing 7% year over year [18]
Compared to Estimates, Reinsurance Group (RGA) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-31 23:31
Reinsurance Group (RGA) reported $5.73 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.5%. EPS of $6.13 for the same period compares to $5.57 a year ago.The reported revenue represents a surprise of +13.84% over the Zacks Consensus Estimate of $5.03 billion. With the consensus EPS estimate being $5.15, the EPS surprise was +19.03%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...
Reinsurance Group (RGA) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-31 22:41
Reinsurance Group (RGA) came out with quarterly earnings of $6.13 per share, beating the Zacks Consensus Estimate of $5.15 per share. This compares to earnings of $5.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.03%. A quarter ago, it was expected that this reinsurance company would post earnings of $4.94 per share when it actually produced earnings of $5.48, delivering a surprise of 10.93%.Over the last four quarters, ...
RGA(RGA) - 2024 Q3 - Quarterly Results
2024-10-31 20:18
Exhibit 99.2 Current Ratings Quarterly Financial Supplement Third Quarter 2024 (Unaudited) World Headquarters Internet Address Contacts 16600 Swingley Ridge Road www.rgare.com Axel André Chesterfield, Missouri 63017 U.S.A. Executive Vice President and Chief Financial Officer Phone: (636) 736-7000 e-mail: Axel.Andre@rgare.com Jeff Hopson Senior Vice President, Investor Relations Phone: (636) 736-2068 e-mail: jhopson@rgare.com | --- | --- | --- | --- | |-------------------------------------------------------- ...
Reinsurance Group (RGA) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-10-28 14:21
Analysts on Wall Street project that Reinsurance Group (RGA) will announce quarterly earnings of $5.15 per share in its forthcoming report, representing a decline of 7.5% year over year. Revenues are projected to reach $5.03 billion, declining 4.7% from the same quarter last year. The consensus EPS estimate for the quarter has undergone an upward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estima ...
Is Reinsurance Group of America (RGA) a Great Value Stock Right Now?
ZACKS· 2024-10-21 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, inc ...
Why Reinsurance Group (RGA) is a Top Growth Stock for the Long-Term
ZACKS· 2024-10-14 14:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Develop ...
Will Reinsurance Group (RGA) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-04 17:16
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Reinsurance Group (RGA) , which belongs to the Zacks Insurance - Life Insurance industry. When looking at the last two reports, this reinsurance company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 22.21%, on average, in the last two quarters. For the most recent quarter, Reinsurance Group was expected to ...
All You Need to Know About Reinsurance Group (RGA) Rating Upgrade to Buy
ZACKS· 2024-10-04 17:02
Reinsurance Group (RGA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a c ...