Last $77.69 USD
Change Today -0.19 / -0.24%
Volume 52.7K
As of 11:31 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

reinsurance group of america (RGA) Snapshot

Open
$78.07
Previous Close
$77.88
Day High
$78.24
Day Low
$77.51
52 Week High
03/21/14 - $81.28
52 Week Low
04/22/13 - $57.87
Market Cap
5.4B
Average Volume 10 Days
563.9K
EPS TTM
$4.97
Shares Outstanding
69.5M
EX-Date
02/12/14
P/E TM
15.6x
Dividend
$1.20
Dividend Yield
1.47%
Current Stock Chart for REINSURANCE GROUP OF AMERICA (RGA)

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reinsurance group of america (RGA) Details

Reinsurance Group of America, Incorporated is engaged in the life and health reinsurance business. Its life and health insurance products include term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products. The company also develops and markets technology solutions for the insurance industry. It serves life insurance companies primarily in the United States, Canada, Europe, South Africa, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

1,890 Employees
Last Reported Date: 02/27/14
Founded in 1973

reinsurance group of america (RGA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $580.0K
Chief Operating Officer and Senior Executive ...
Total Annual Compensation: $513.3K
Senior Executive Vice President and Head of E...
Total Annual Compensation: $538.6K
Executive Vice President and Head of Asia Mar...
Total Annual Compensation: $454.7K
Compensation as of Fiscal Year 2013.

reinsurance group of america (RGA) Key Developments

Reinsurance Group of America Inc. Presents at AIFA Annual Conference, Mar-02-2014

Reinsurance Group of America Inc. Presents at AIFA Annual Conference, Mar-02-2014 . Venue: Boca Raton Resort & Club, Boca Raton, Florida, United States. Speakers: Philip Smalley, MD, FRCPC, VP and Medical Director.

Reinsurance Group of America, Incorporated Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Reinsurance Group of America, Incorporated reported earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net income of $144.96 million, or $2.03 per diluted share, compared to $222.99 million, or $3.00 per diluted share, for the same quarter ended December 31, 2012. Net premiums were $2.21 billion, compared to $2.18 billion for the same quarter ended December 31, 2012. Book value per share for the quarter was $83.87. Operating earnings per share was $2.17. For the year, the company reported net income of $418.84 million, or $5.78 per diluted share, compared to $631.89 million, or $8.52 per diluted share, for the year ended December 31, 2012. Net premiums were $8.25 billion, compared to $7.91 billion for the year ended December 31, 2012.

Reinsurance Group of America Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for 2014; Declares Regular Quarterly Dividend, Payable March 7, 2014

Reinsurance Group of America Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported GAAP net income of $144,959,000 compared to $222,989,000 a year ago. Operating income was $154,509,000 compared to $181,830,000 a year ago. Income before income taxes was $229,490,000 compared to $321,089,000 a year ago. Pre-tax operating income was $244,408,000 compared to $258,670,000 a year ago. Diluted earnings from operating income was $2.17 per share compared to $2.44 per share a year ago. Diluted earnings was $2.03 per share compared to $3.00 per share a year ago. Net premiums were $2,212,998,000 compared to $2,179,707,000 a year ago. Total revenues were $2,736,794,000 compared to $2,723,102,000 a year ago. Pre-tax operating income totaled $14 million for the quarter with strong operating performances in Spain and Italy, reflecting typical claims volatility. For the year, the company reported GAAP net income of $418,837,000 compared to $631,893,000 a year ago. Operating income was $358,446,000 compared to $516,382,000 a year ago. Income before income taxes was $635,254,000 compared to $919,223,000 a year ago. Pre-tax operating income was $544,623,000 compared to $746,032,000 a year ago. Diluted earnings from operating income was $4.95 per share compared to $6.96 per share a year ago. Diluted earnings was $5.78 per share compared to $8.52 per share a year ago. Net premiums were $8,254,027,000 compared to $7,906,596,000 a year ago. Total revenues were $10,318,353,000 compared to $9,840,911,000 a year ago. Book value outstanding as on December 31, 2013 was $83.87 per share compared to $93.47 per share a year ago. The company provided earnings guidance for the year 2014. Over the intermediate term, the company targets operating earnings growth in the 5% to 8% range, and operating return on equity of 11% to 12%. These targets presume no significant changes in the investment environment and the deployment of $200 million to $400 million of excess capital, on average, annually. The company expects an intermediate effective tax rate of 34% to 35% reflecting, in part, a slight shift in earnings contribution from lower tax rate jurisdictions. The company still expect this business to produce $35 million to $40 million in pre-tax operating income per quarter. The continuing low interest rate environment is expected to have an adverse effect of about $0.10 per share in 2014 versus 2013. The board of directors declared a regular quarterly dividend of $0.30 per share, payable March 7, 2014 to shareholders of record as of February 14, 2014.

 

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RGA

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Valuation RGA Industry Range
Price/Earnings 13.5x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 12.9x
TEV/Sales 0.2x
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