- Reinsurance Group’s book value per share increased to $164.19, but missed the expected estimate of $169.78.
- The adjusted operating earnings per share (EPS) rose to $4.99, though it was below the anticipated $5.27.
- The book value per common share, excluding Accumulated Other Comprehensive Income (AOCI), was $151.31, slightly missing the estimate of $153.81.
- Total assets grew by 22% year-over-year (y/y) to $118.68 billion, which did not reach the $122.16 billion estimate.
- Net premiums were up by 1.2% y/y, reaching $4.16 billion and aligning closely with the estimate of $4.15 billion.
- Investment income showed significant growth, rising by 24% y/y to $1.19 billion, surpassing the estimate of $1.12 billion.
- Market analyst opinions include 10 buys, 3 holds, and no sells for the company’s stocks.
Reinsurance Group of America on Smartkarma
Analyst coverage of Reinsurance Group of America on Smartkarma indicates a positive outlook. Baptista Research highlights the company’s strong financial performance in the third quarter of 2024, with record adjusted operating earnings of $6.13 per share and an operating return on equity of 15.5%. The research report attributes these results to robust business momentum, effective capital deployment, and premium growth across RGA’s operations.
In another report by Baptista Research, the focus is on Reinsurance Group of America‘s enhanced in-force management strategies. The analysis points to the company’s solid performance in the second quarter of 2024, achieving adjusted operating earnings of $5.48 per share and an operating return on equity of 15.3%. The research report also mentions the strong performance across RGA’s business lines and geographies, supported by a pipeline of robust new business activities. Baptista Research aims to evaluate various factors that could impact the company’s stock price in the near future and conducts an independent valuation using a Discounted Cash Flow (DCF) methodology.
A look at Reinsurance Group of America Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Reinsurance Group of America, Incorporated shows promise for the long-term according to Smartkarma Smart Scores. With strong scores in Value, Growth, Resilience, and Momentum, the company’s overall outlook appears positive. The score of 4 in Value signifies that the company is viewed favorably in terms of its valuation compared to its peers. Additionally, a score of 4 in Growth indicates that Reinsurance Group of America is positioned well for future growth opportunities. The resilience score of 4 suggests that the company has the ability to weather economic uncertainties and challenges, while the momentum score of 4 implies a positive trend in the company’s performance.
Reinsurance Group of America, Incorporated specializes in providing reinsurance services, particularly in life and health-related products and financial solutions on a global scale. With strong scores across key indicators, the company is poised for sustained growth and stability in the reinsurance market, making it an attractive prospect for investors seeking long-term value and potential returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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