Reinsurance Group of America (RGA) Misses Q1 EPS by 10c
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Reinsurance Group of America Reports First-Quarter Results
April 28, 2016 4:15 PM EDTEarnings per diluted share: operating income* up 5 percent to $1.85, net income $1.17 Reported net premiums increased 7 percent; up 10 percent net of foreign currency Approximately 1.2 million shares repurchased for $105 million during the quarter Net adverse foreign currency effect of $0.10 per diluted share
ST. LOUIS--(BUSINESS WIRE)-- Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported operating income* of $120.8 million, or $1.85 per diluted share, compared with $121.8Â million, or $1.77 per diluted share, in the prior-year quarter. Net income totaled $76.5Â million, or $1.17 per diluted share, compared to $125.1 million, or $1.81 per diluted share, the year before.
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