NYSE$RGA

Reinsurance Group America Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

RGA reported first quarter results with net income available to RGA shareholders of $3.16 per diluted share and adjusted operating income of $6.02 per diluted share.

Reinsurance Group of America reported an excellent first quarter, with strong performance in both the Traditional and Financial Solutions businesses, and a record deployment of capital into in-force transactions. The company remains optimistic about the future and expects to continue to deliver attractive financial results.

  • Net income available to RGA shareholders was $3.16 per diluted share.
  • Adjusted operating income was $6.02 per diluted share.
  • Premium growth was 58.8% over the prior-year quarter, or 59.2% on a constant currency basis.
  • Capital deployment into in-force transactions reached $737 million.

Headline financials

Total Revenue

$6.34B

Previous: $4.25B+49.1%
EPS

$3.16

Previous: $5.16-38.8%
Effective Tax Rate

22.1%

Previous: 28.0%-21.1%
Book Value / Share

$143.92

Previous: $114.60+25.6%
BVPS excl. AOCI

$145.83

Previous: $136.56+6.8%
Free Cash Flow

$210M

Previous: $247M-15.0%
Net Income

$210M

Previous: $252M-16.7%
Operating Income

$662M

Previous: $719M-7.9%
Gross Profit

$951M

Previous: $973M-2.3%
Cash & Equivalents

$5.94B

Previous: $3.29B+80.2%
Total Assets

$106B

Previous: $89.1B+18.9%

Revenue & EPS history

RGA · Revenue · Quarterly

$6.34B

Q1 2024+49.1%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Based on favorable business conditions and RGA's global leadership position, the company is optimistic about the future and expects to continue to deliver attractive financial results over time.

Tailwinds

  • Favorable business conditions
  • RGA's global leadership position

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.1%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.0%

Avg return

30 days after

51%

34 / 67 earnings

Positive

+11.5%

Q2 2020

Best reaction

-13.6%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%-2.5%-3.9%
Q4 2025+9.4%+7.1%+0.6%
Q3 2025-3.9%-0.9%+0.5%
Q1 2025+5.7%+6.6%+8.7%
Q4 2024-9.6%-13.6%-17.3%
Q3 2024+0.1%-0.9%+6.3%
Q2 2024-8.5%-12.4%-2.1%
Q1 2024+5.6%+6.4%+9.9%
Q4 2023-3.9%-4.0%+1.5%
Q3 2023+2.4%+4.4%+10.1%
Q2 2023-1.5%-1.9%-2.5%
Q1 2023+5.3%+6.7%+5.2%
Q4 2022-6.5%-2.1%-3.5%
Q3 2022-0.3%-0.2%+0.7%
Q2 2022+6.6%+7.7%+7.6%
Q1 2022+7.1%+4.6%+11.3%
Q4 2021-1.7%+2.2%-9.4%
Q3 2021-9.3%-9.0%-18.0%
Q2 2021+5.4%+9.6%+6.5%
Q1 2021-4.4%-3.7%-2.6%
Q4 2020+3.7%+3.2%+18.5%
Q3 2020+4.9%+15.8%+21.9%
Q2 2020+11.5%+8.1%+11.1%
Q1 2020-13.6%-5.9%-3.7%
Q4 2019-3.9%-5.3%-15.5%
Q3 2019+0.1%+2.8%+2.0%
Q2 2019-5.7%-7.1%-7.8%
Q1 2019+0.7%+0.2%-0.8%
Q4 2018-4.1%-2.6%-3.3%
Q3 2018+6.6%+9.4%+14.0%
Q2 2018-1.4%+1.9%+3.3%
Q1 2018-0.5%-2.4%-4.3%
Q4 2017-0.8%-3.6%-4.7%
Q3 2017+6.0%+4.0%+10.4%
Q2 2017+3.7%+5.0%+1.9%
Q1 2017-4.2%-2.6%-3.7%
Q4 2016-0.2%+1.1%+5.2%
Q3 2016+1.0%-0.1%+13.5%
Q2 2016+3.5%+3.0%+9.1%
Q1 2016-1.8%
Q4 2015-1.3%
Q3 2015-7.0%
Q2 2015-0.2%
Q1 2015-1.7%
Q4 2014+3.2%
Q3 2014+2.9%
Q2 2014+1.7%
Q1 2014-4.5%
Q4 2011+2.4%
Q4 2013+2.0%
Q3 2013+2.2%
Q2 2013-6.1%
Q1 2013+1.6%
Q4 2012+2.7%
Q3 2012-9.0%
Q2 2012-0.7%
Q1 2012+0.8%
Q3 2011+1.9%
Q2 2011-7.0%
Q1 2010-1.1%
Q1 2011+1.1%
Q4 2009-0.3%
Q4 2010-0.3%
Q3 2009+2.2%
Q3 2010+2.2%
Q2 2010+1.5%
Q2 2009+1.5%

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