Reinsurance Group of America Reports Lower Earnings in Q4
CHESTERFIELD, Mo. - Reinsurance Group of America Inc. (RGA) released its fourth-quarter financial results on Thursday, showing a decline in net income compared to expectations.
Key Financial Metrics
* Net income: $148 million ($2.22 per share)
* Adjusted earnings: $4.99 per share
* Revenue: $5.24 billion
* Adjusted revenue: $5.49 billion
Analyst Expectations
* Earnings per share: $5.24 (Zacks Investment Research)
* Revenue: $5.46 billion (Zacks Investment Research)
While RGA's adjusted revenue exceeded analyst forecasts, its earnings per share fell short of expectations. Six analysts surveyed by Zacks Investment Research had estimated earnings of $5.24 per share.
Full-Year Results
For the entire fiscal year, RGA reported the following:
* Net income: $717 million ($10.73 per share)
* Revenue: $22.85 billion
Market Reaction
The results did not meet Wall Street expectations, leading to a decline in the company's stock price. Access a detailed stock report on RGA at https://www.zacks.com/ap/RGA.