New business volumes, favorable longevity experience, an improving interest rate environment, a diversified business and effective capital deployment were the primary drivers of the uptrend. Back-tested results show that stocks with a VGM Score of A or B and Zacks Rank #1 or 2 (Buy) offer the best opportunities in the value investing space. Earnings have grown 10.4% in the past five years, better than the industry average of 5.9% Significant value embedded in the in-force business helps generate predictable ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued ...

JHVEPhoto Reinsurance Group of America (NYSE:RGA) has been a strong performer over the past year, rising over 40%. While catastrophe risk has kept me generally cautious on the reinsurance sector as a whole, RGA has a unique business mix, focused in life and health, which has differentiated it. I last covered shares of RGA in January, rating the stock a buy. Since that recommendation, the stock has rallied by about 27%, about double the S&P 500's return. Shares are now nearly at my $210 upside price target, ...

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Reinsurance Group of America, Incorporated (RGA) has been gaining momentum on the back of new business volumes, favorable longevity experience, improving interest rate environment, diversified business and effective capital deployment. Growth Projections The Zacks Consensus Estimate for Reinsurance Group's 2024 earnings per share indicates a year-over-year increase of 3%. The consensus estimate for revenues is pegged at $20.21 billion, implying a year-over-year improvement of 6.1%. The consensus estimate fo ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. 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 tried-and-true metrics and fundamental analysis ...

Reinsurance Group of America, Incorporated (NYSE:RGA) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Todd Larson - Senior Executive Vice President and Chief Financial Officer Tony Cheng - President and Chief Executive Officer Leslie Barbi - Chief Investment Officer Jonathan Porter - Chief Risk Officer Conference Call Participants John Barnidge - Piper Sandler Bob Huang - Morgan Stanley Jimmy Bhullar - JPMorgan Joel Hurwitz - Dowling & Partners Wes Carmichael - Autonomous Resea ...

Safe Harbor Factors that could also cause results or events to differ, possibly materially, from those expressed or implied by forward-looking statements, include, among others: (1) adverse changes in mortality, morbidity, lapsation or claims experience, (2) inadequate risk analysis and underwriting, (3) adverse capital and credit market conditions and their impact on the Company's liquidity, access to capital and cost of capital, (4) changes in the Company's financial strength and credit ratings and the ef ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-11848 REINSURANCE GROUP OF AMERICA, INCORPORATED (Exact name of Registrant as specified in its charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Indicate by check mark whether the registrant has sub ...

Financial Performance - Net premiums for Q1 2024 increased to $5,376 million, up 31% from $4,108 million in Q4 2023[10] - Adjusted operating income rose to $401 million, a 27% increase compared to $316 million in Q4 2023[10] - Net income available to RGA's shareholders was $210 million, reflecting a decrease of 17% from $252 million in Q1 2023[10] - Total revenues for Q1 2024 were $6,337 million, a 27% increase from $5,007 million in Q4 2023[12] - Adjusted operating income for the current quarter was $401 million, a 52% increase compared to $349 million in the prior year quarter[15] - Diluted earnings per share for adjusted operating income rose to $6.02, up from $4.73 in the same quarter last year, reflecting an increase of 27.3%[15] - Total revenues for the current quarter ended March 31, 2024, were $1,926 million, a decrease of 9.4% compared to $2,125 million in the previous quarter[26] - Total revenues for the current quarter reached $525 million, compared to $460 million in the prior year quarter, reflecting an increase of 14.1%[55] - Total revenues for the current quarter reached $791 million, an increase of $62 million compared to the prior year quarter[71] Claims and Benefits - Claims and other policy benefits increased to $5,132 million, up from $3,837 million in Q4 2023[12] - The company reported total benefits and expenses of $6,065 million, an increase of 25% from $4,843 million in Q4 2023[12] - Claims and other policy benefits totaled $1,572 million, a decrease from $1,779 million in the previous quarter, indicating a reduction of 11.6%[26] - Claims and other policy benefits amounted to $586 million, a decrease of $23 million compared to the previous year[71] Reinsurance and Business Growth - Assumed life reinsurance in force reached $3,729.8 billion, an increase of $303.1 billion year-over-year[10] - Assumed new business production grew to $109.1 billion, up from $97.6 billion in Q4 2023, marking a 12% increase[10] - Assumed life reinsurance in force reached $1.709 trillion, an increase of $32.3 billion compared to the previous year[22] - Assumed life reinsurance in force increased to $10.1 billion from $10.3 billion in the previous quarter, reflecting ongoing business growth[30] - Assumed life reinsurance in force increased to $985.1 billion, up from $759.6 billion in the prior year, representing a growth of 29.7%[55] Investment Income and Assets - Total assets increased to $106 billion, up from $97.6 billion at the end of the previous quarter, representing an 8.5% growth[19] - Net investment income for the current quarter was $205 million, slightly down from $211 million in the previous quarter, a decrease of 2.8%[26] - The company reported net investment income of $64 million, an increase of $2 million or 3.2% from the previous quarter[39] - Net investment income rose to $65 million, a $4 million increase from the prior year quarter[71] - Net investment income for the quarter ended March 31, 2024, was $106 million, an increase of 24% compared to the same quarter last year[87] Equity and Shareholder Information - RGA, Inc. shareholders' equity increased to $9,468 million, up from $9,081 million at the end of the previous quarter[138] - Book value per share rose to $143.92, compared to $138.39 at the end of the previous quarter[139] Non-GAAP Measures and Adjustments - The Company utilizes non-GAAP financial measures to provide a clearer picture of operating performance, which aids in resource allocation[142] - Adjusted operating income is calculated by excluding net investment related gains and losses, changes in fair value of embedded derivatives, and other non-indicative items[144] - Adjusted operating income per diluted share is derived from adjusted operating income divided by weighted average diluted shares outstanding[143] - Shareholders' equity position excluding accumulated other comprehensive income (AOCI) is reported to reflect underlying performance without fluctuations from AOCI-related items[146] - The Company believes that adjusted operating revenue, which excludes net realized capital gains and losses, better reflects ongoing profitability[144] Expenses and Liabilities - Total liabilities rose to $96.4 billion, up from $88.5 billion in the previous quarter, reflecting an increase of 9.4%[19] - Policy acquisition costs and other insurance expenses were $175 million, consistent with the previous quarter, indicating stable expense management[26] - Policy acquisition costs and other insurance expenses were $47 million, reflecting a slight increase of $2 million or 4.4% from the prior year quarter[39] - Other operating expenses for the current quarter were $41 million, up from $33 million in the same quarter last year, reflecting an increase of 24.2%[55] Currency Effects - The company experienced a foreign currency effect on net premiums of $1 million, compared to a loss of $20 million in the same quarter last year[43] - The company experienced a foreign currency effect on net premiums of $7 million in the current quarter, compared to a loss of $41 million in the same quarter last year[59] - The company reported a foreign currency effect on net premiums of $(23) million, impacting overall revenue[75]