Reinsurance Group (RGA) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

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]