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Reinsurance Group Of America (RGA)
:RGA
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
5.28Last Year’s EPS
4.73Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 6.05%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reveals a strong performance with record earnings, significant capital deployment, and growth in key markets like Asia and the U.S. Traditional segment. However, there were challenges, such as the impact of the assumption review and retrocession recapture on current period results. Despite these challenges, the positive aspects of growth and strategic initiatives indicate a strong overall performance.Company Guidance
During the RGA Q3 2024 earnings call, the company reported adjusted operating earnings of $6.13 per share, marking another record quarter. The adjusted operating return on equity was 15.5%, exceeding intermediate-term targets. RGA deployed $1.4 billion of capital in 2024, over 50% more than in 2023, and achieved a 13.9% increase in the value of in-force business margins, amounting to $4.6 billion across the first three quarters. The company executed a transaction to recapture retroceded business, expected to generate $1.5 billion in long-term value, and raised capital for Ruby Re at the upper end of the target range. Additionally, RGA reported pretax adjusted operating income of $314 million for the quarter, or $3.62 per share after tax, with a robust premium growth of 8.5% in its Traditional business.Record Earnings and Strong ROE
RGA reported adjusted operating earnings of $6.13 per share and a return on equity of 15.5%, exceeding intermediate-term targets.
Significant Capital Deployment
RGA deployed $1.4 billion of capital in 2024, which is more than 50% higher than in 2023, with a strong new business embedded value exceeding last year's total.
Growth in Asian Market
Strong growth in the Asian Traditional business, with favorable market conditions and successful product development, highlighted by new cancer treatment product in Korea selling over 2 million policies.
U.S. Traditional Segment Success
The U.S. Traditional segment experienced a strong quarter with over 20 new business wins, including a significant transaction with American National.
Increased Value of In-Force Business
The value of in-force business margins increased by $4.6 billion or 13.9% over the first three quarters of 2024.
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RGA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RGA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $210.26 | $214.26 | +1.90% |
| Aug 01, 2024 | $221.16 | $204.60 | -7.49% |
| May 02, 2024 | $188.83 | $199.17 | +5.48% |
| Feb 01, 2024 | $168.90 | $164.15 | -2.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reinsurance Group Of America (RGA) report earnings?
Reinsurance Group Of America (RGA) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Reinsurance Group Of America (RGA) earnings time?
Reinsurance Group Of America (RGA) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RGA EPS forecast?
RGA EPS forecast for the fiscal quarter 2024 (Q4) is 5.28.
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