Reinsurance Group: Q1 Earnings Snapshot
CHESTERFIELD, Mo. (AP) _ Reinsurance Group of America Inc. (RGA) on Thursday reported a loss of $63 million in its first quarter.
On a per-share basis, the Chesterfield, Missouri-based company said it had a loss of 93 cents. Earnings, adjusted for non-recurring costs, came to 47 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share.
The reinsurance company posted revenue of $3.93 billion in the period. Its adjusted revenue was $4.06 billion, also beating Street forecasts. Four analysts surveyed by Zacks expected $3.95 billion.