Reinsurance Group: Q4 Earnings Snapshot
Reinsurance Group: Q4 Earnings Snapshot
CHESTERFIELD, Mo. (AP) _ Reinsurance Group of America Inc. (RGA) on Thursday reported fourth-quarter profit of $204 million.
On a per-share basis, the Chesterfield, Missouri-based company said it had net income of $3.02. Earnings, adjusted for investment gains, were $2.99 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.51 per share.
The reinsurance company posted revenue of $4.38 billion in the period. Its adjusted revenue was $4.37 billion, topping Street forecasts. Four analysts surveyed by Zacks expected $4.31 billion.
For the year, the company reported profit of $623 million, or $9.21 per share. Revenue was reported as $16.76 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RGA">Zacks stock report on RGA at https://www.zacks.com/ap/RGA