NYSE$RGA

Reinsurance Group America Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

RGA reported second quarter results with adjusted operating income of $5.48 per diluted share.

Reinsurance Group of America reported a second quarter net income available to RGA shareholders of $203 million, or $3.03 per diluted share. Adjusted operating income for the second quarter totaled $365 million, or $5.48 per diluted share. Consolidated net premiums totaled $3.9 billion, an increase of 17.5% over the 2023 second quarter.

  • Net income available to RGA shareholders of $3.03 per diluted share
  • Adjusted operating income of $5.48 per diluted share
  • Premium growth of 17.5% over the prior-year quarter, 18.5% on a constant currency basis
  • Increased quarterly dividend 4.7% to $0.89 per share

Headline financials

Total Revenue

$4.88B

Previous: $4.16B+17.4%
EPS

$3.03

Previous: $4.40-31.1%
Book Value / Share

$147.90

Previous: $117.87+25.5%
BVPS excl. AOCI

$148.19

No prior period
BVPS excl. AOCI & B36

$149.01

No prior period
Avg. Investment Yield

4.7%

No prior period
Free Cash Flow

$203M

Previous: $193M+5.2%
Net Income

$203M

Previous: $205M-1.0%
Operating Income

$217M

Previous: $637M-65.9%
Gross Profit

$544M

Previous: $934M-41.8%
Cash & Equivalents

$4.6B

Previous: $2.6B+76.9%
Total Assets

$110B

Previous: $89B+23.4%

Revenue & EPS history

RGA · Revenue · Quarterly

$4.88B

Q2 2024+17.4%vs Q2 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 expect to continue to deliver attractive financial results over time.

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 Q2 2024

Historical avgQ2 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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