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 ...

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]

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) 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, ...

Core Viewpoint - Analysts project that Reinsurance Group (RGA) will report quarterly earnings of $5.15 per share, reflecting a year-over-year decline of 7.5%, with revenues expected to reach $5.03 billion, down 4.7% from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 0.9% in the past 30 days, indicating a reassessment of initial estimates by covering analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior regarding the stock, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price performance [3] Revenue and Key Metrics Projections - Analysts estimate 'Revenues- Other revenues' at $101.48 million, indicating a year-over-year change of -0.5% [5] - The consensus for 'Revenues- Net premiums' is projected at $4.02 billion, reflecting a decline of 5.6% from the previous year [5] Pre-tax Adjusted Operating Income Projections - 'Pre-tax adjusted operating income (loss)- Total Asia Pacific' is expected to be $144.30 million, down from $178 million year-over-year [5] - 'Pre-tax adjusted operating income (loss)- Total Canada' is forecasted at $43.23 million, compared to $40 million in the same quarter last year [6] - 'Pre-tax adjusted operating income (loss)- Total U.S. and Latin America' is estimated at $202.93 million, down from $239 million year-over-year [6] - 'Pre-tax adjusted operating income (loss)- Total EMEA' is projected to reach $96.43 million, up from $49 million last year [7] - 'Pre-tax adjusted operating income (loss)- Asia Pacific Traditional' is expected to be $83.51 million, down from $134 million year-over-year [7] - 'Pre-tax adjusted operating income (loss)- Asia Pacific Financial Solutions' is estimated at $58.89 million, compared to $44 million in the same quarter last year [8] - 'Pre-tax adjusted operating income (loss)- Canada Traditional' is projected at $30.32 million, up from $10 million last year [8] - 'Pre-tax adjusted operating income (loss)- U.S. and Latin America- Traditional' is expected to be $113.26 million, compared to $103 million in the same quarter last year [9] - 'Pre-tax adjusted operating income (loss)- EMEA Financial Solutions' is projected at $79.69 million, down from $108 million last year [9] Stock Performance - Shares of Reinsurance Group have decreased by 2.4% in the past month, contrasting with a 2% increase in the Zacks S&P 500 composite [10] - RGA holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [10]

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 ...

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score assesses a company's financial health and future growth potential [3] - Momentum Score capitalizes on existing price trends and earnings outlook [4] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [4] Zacks Rank and Performance - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6] - There are typically over 800 stocks rated 1 or 2, making it essential for investors to utilize Style Scores for better selection [7] Stock Selection Strategy - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [8] - Stocks with lower ranks, even if they have good Style Scores, may still face downward price pressure due to negative earnings forecasts [9] Company Spotlight: Reinsurance Group of America (RGA) - RGA is a leading global provider of life and health reinsurance, currently rated 2 (Buy) with a VGM Score of A [10] - The company is projected to have a year-over-year earnings growth of 9.7% for the current fiscal year, supported by upward revisions from analysts [11] - RGA's earnings consensus estimate has increased by $0.30 to $21.80 per share, with an average earnings surprise of 20.5% [11]

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 ...

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 ...

Reinsurance Group of America (RGA) shares have rallied 35.1% year to date (YTD) compared with the industry's growth of 21.5%. The Finance sector and the Zacks S&P 500 index have returned 14.3% and 20% YTD, respectively. With a market capitalization of $14.39 billion, the average volume of shares traded in the last three months was 0.3 million. RGA Outperforms Industry, Sector, S&P YTD Image Source: Zacks Investment Research The rally was driven by its strong momentum in U.S. Traditional, Longevity/PRT, Asia ...