Reinsurance Group: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 06:00 PM ET
Last Updated - Jun 21, 2023, 10:36 PM EDT
CHESTERFIELD, Mo. (AP) — CHESTERFIELD, Mo. (AP) — Reinsurance Group of America Inc. (RGA) on Thursday reported first-quarter earnings of $252 million.
The Chesterfield, Missouri-based company said it had profit of $3.72 per share. Earnings, adjusted for non-recurring costs, were $5.16 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.37 per share.
The reinsurance company posted revenue of $4.25 billion in the period. Its adjusted revenue was $4.33 billion, which also beat Street forecasts. Four analysts surveyed by Zacks expected $4.23 billion.
