Last $86.72 USD
Change Today +1.71 / 2.01%
Volume 172.9K
As of 3:45 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

reinsurance group of america (RGA) Key Developments

RGA Announces Organizational Change

Reinsurance Group of America, Incorporated announced an organizational change that will align the company's businesses and functions into four global organizations. The change announced positions RGA's business leaders to continue to deliver risk transfer and capital management solutions to clients and provides the framework for additional growth. Each of the newly announced organizations will be responsible for a particular operating function and will report directly to RGA's President and Chief Executive Officer, Greig Woodring. The current financial reporting and geographic segments will not change. The new organizational structure will take effect January 1, 2015.

Reinsurance Group Seeks To Sell Shares Under 10b-5 Plans

Reinsurance Group of America Inc. (NYSE:RGA) might sell shares under 10b-5 plans. Jack Lay, Senior Executive Vice President and Chief Financial Officer of Reinsurance Group said, “We have not been in the market since the end of -- since September 30. And we do use 10b-5 plans in terms of really just to have a plan in place and not end up in a position where we are tripped up by blackout periods and that sort of thing. So we have certainly used that sort of plan in the past, and to the extent we are back in the market, we would likely use that sort of plan in the future”

Reinsurance Group of America Inc. Declares Quarterly Dividend, Payable on November 28, 2014

The board of directors of Reinsurance Group of America Inc. declared a regular quarterly dividend of $0.33, payable November 28, 2014 to shareholders of record as of November 7, 2014.

Reinsurance Group of America Inc. Reports Un-Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Reinsurance Group of America Inc. reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $157,996,000 or $2.28 per diluted share compared to net income of $137,955,000 or $1.93 per diluted share for the last year. Total revenues were $2,716,588,000 compared to $2,389,815,000 a year ago. The company reported net premiums of $2,168,285,000 compared to $2,026,180,000, income before income taxes of $231,815,000 compared to $201,695,000, operating income of $159,823,000 or $2.31 per diluted share compared to $152,887,000 or $2.14 per diluted share for the last year. Book value per share as on September 30, 2014 was $97.28 compared to $83.58 per share as on September 30, 2013. Pre-tax operating income was $234,702,000 compared to $225,682,000 a year ago. For the nine months, the company reported net income of $492,956,000 or $7.03 per diluted share compared to net income of $273,878,000 or $3.76 per diluted share for the last year. Total revenues were $8,206,781,000 compared to $7,581,559,000 a year ago. The company reported net premiums of $6,452,082,000 compared to $6,041,029,000, income before income taxes of $731,790,000 compared to $405,764,000, operating income of $429,761,000 or $6.13 per diluted share compared to $203,937,000 or $2.80 per diluted share for the last year. Book value per share as on September 30, 2014 was $97.28 compared to $83.58 per share as on September 30, 2013. The company reported annualized operating return on equity of 12%. Pre-tax operating income was $637,627,000 compared to $300,215,000.

Reinsurance Group of America Inc., Q3 2014 Earnings Call, Oct 28, 2014

Reinsurance Group of America Inc., Q3 2014 Earnings Call, Oct 28, 2014

 

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