Last $78.96 USD
Change Today -0.44 / -0.55%
Volume 284.7K
RGA On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

reinsurance group of america (RGA) Snapshot

Open
$78.43
Previous Close
$79.40
Day High
$79.35
Day Low
$78.29
52 Week High
03/21/14 - $81.28
52 Week Low
08/28/13 - $63.95
Market Cap
5.5B
Average Volume 10 Days
368.9K
EPS TTM
$4.93
Shares Outstanding
69.1M
EX-Date
05/7/14
P/E TM
16.0x
Dividend
$1.20
Dividend Yield
1.52%
Current Stock Chart for REINSURANCE GROUP OF AMERICA (RGA)

reinsurance group of america (RGA) Related Businessweek News

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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. Declares Regular Quarterly Dividend Payable on May 30, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Tax Rate Guidance for the Year 2014

The board of directors of Reinsurance Group of America Inc. declared a regular quarterly dividend of $0.30, payable May 30, 2014 to shareholders of record as of May 9, 2014. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $2,657.173 million compared to $2,601.102 million a year ago. Income before income taxes was $199.440 million compared to $278.827 million a year ago. Net income was $136.664 million or $1.92 per diluted share compared to $185.535 million or $2.49 per diluted share a year ago. Operating income was $114.807 million or $1.61 per diluted share compared to $122.847 million or $1.65 per diluted share a year ago. Net premiums were $2,100.637 million compared to $1,979.693 million a year ago. Book value per share at March 31, 2014 was $89.92 compared to $94.34 at March 31, 2013. The current quarter reflects adverse mortality experience in several markets, partially offset by lower general expenses and a lower effective tax rate. Net premiums was $2,100.637 million against $1,979.693 million for the same period a year ago. Book value per share, excluding AOCI, increased to $71.51. The company reported probably for the entire year of 2014, roughly a 34% effective tax rate would be its best estimate.

Reinsurance Group Mulls Acquisitions

Reinsurance Group of America Inc. (NYSE:RGA) intends to make acquisitions. A. Greig Woodring, President and Chief Executive Officer of Reinsurance Group said, “Our deployable, excess capital position exceeds $500 million, and we will continue to evaluate attractive capital deployment opportunities, which could include additional share repurchases, shareholder dividend increases, block acquisitions, or some combination of all of these. “

Reinsurance Group of America Inc., Annual General Meeting, May 21, 2014

Reinsurance Group of America Inc., Annual General Meeting, May 21, 2014., at 14:00 Central Standard Time. Location: 1370 Timberlake Manor Parkway. Agenda: To elect two directors for terms expiring in 2016 and three directors for terms expiring in 2017; to vote to approve the compensation of the company's named executive officers on a non-binding, advisory basis; to ratify the appointment of Deloitte & Touche LLP as the company's independent auditor for the fiscal year ending December 31, 2014; and to transact such other business as may properly come before the meeting.

 

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RGA

Industry Average

Valuation RGA Industry Range
Price/Earnings 15.4x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 14.8x
TEV/Sales 0.1x
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