Reinsurance Group of America (RGA) Misses Q3 EPS by 34c
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Reinsurance Group of America Reports Third-Quarter Results
October 29, 2015 4:15 PM EDTEarnings per diluted share: operating income* $1.90, net income $1.25 Operating ROE* 11 percent, trailing 12 months Expiration of Active Financing Exception (AFE) and strengthening U.S. dollar each reduced operating EPS* by $0.15 Continuing strong results in Global Financial Solutions (GFS) and overall favorable claims experience in Canada and international operations U.S. Traditional hampered by unusually high claims in older issue-age policies Reported net premiums decreased 4 percent; up 8 percent net of foreign currency and the effect of fourth-quarter 2014 retrocession transaction... More
