Reinsurance Group of America Incorporated (NYSE:RGA) reported its results for the fourth quarter. Net income for the life insurance company fell to $158.5 million ($2.15 per share) vs. $196.7 million ($2.62 per share) a year earlier. This is a decline of 19.4% from the year earlier quarter. Revenue was $2.35 billion last quarter. RGA reported adjusted net income of $1.91 per share. By that measure, the company beat the mean estimate of $1.84 per share. Analysts were expecting revenue of $2.31 billion.
A. Greig Woodring, president and chief executive officer, commented, “Global claims experience was somewhat higher than our expectations for the quarter, reflecting higher-than-expected disability claims in Australia and U.S. group reinsurance, offset in part by strong results in most of our other markets. Our asset intensive business also performed well. Overall net premium growth was better-than-expected, and our book value per share continues to climb with consistent earnings contributions.”
Triumph Group Inc. (NYSE:TGI) reported net income above Wall Street’s expectations for the third quarter. Net income for Triumph Group Inc. rose to $65.9 million ($1.27 per share) vs. $44.6 million (88 cents per share) in the same quarter a year earlier. This marks a rise of 47.6% from the year earlier quarter. Rose 1.9% to $826 million from the year earlier quarter. TGI reported adjusted net income of $1.29 per share. By that measure, the company beat the mean estimate of $1.12 per share. Analysts were expecting revenue of $834 million.
Commenting on the company’s performance and its outlook for fiscal year 2012, Richard C. Ill, Triumph’s Chairman and Chief Executive Officer, said, “We continued our strong performance during the third quarter delivering increased revenue, record operating income and substantially higher operating margins in our Aerostructures Group. We continued to execute well, contain costs, and generate very strong cash flow. We expect this momentum to carry on into our fourth quarter and are confident in our ability to deliver long term organic growth and strong profitability.”
Competitors to Watch: Goodrich Corporation (NYSE:GR), United Technologies Corp. (NYSE:UTX), Honeywell Intl. Inc. (NYSE:HON), Spirit AeroSystems Hldgs., Inc. (NYSE:SPR), HEICO Corporation (NYSE:HEI), The Boeing Company (NYSE:BA), T.A.T. Technologies Ltd. (NASDAQ:TATT), SIFCO Industries, Inc. (AMEX:SIF), Esterline Tech. Corp. (NYSE:ESL), and EDAC Technologies Corp. (NASDAQ:EDAC).
StanCorp Financial Group Inc. (NYSE:SFG) reported its results for the fourth quarter. Net income for the accident and health insurance company fell to $39.3 million (89 cents per share) vs. $52 million ($1.12 per share) a year earlier. This is a decline of 24.4% from the year earlier quarter. Revenue rose 2.5% to $727.7 million from the year earlier quarter. SFG reported adjusted net income of 87 cents per share. By that measure, the company beat the mean estimate of 79 cents per share. It beat the average revenue estimate of $710.7 million.
“Our fourth quarter results reflected improving claims incidence in our group long term disability insurance business compared to the first nine months of 2011. We expect our group insurance benefit ratio to continue to improve as the pricing actions on our long term disability business take hold and the economy improves,” said Greg Ness, chairman, president and chief executive officer. “As we begin 2012, we remain focused on obtaining and retaining profitable business in order to generate superior long-term results.”
Competitors to Watch: MetLife, Inc. (NYSE:MET), CNO Financial Group, Inc. (NYSE:CNO), Protective Life Corp. (NYSE:PL), Independence Holding Co. (NYSE:IHC), Kansas City Life Insurance Co (NASDAQ:KCLI), Lincoln National Corp. (NYSE:LNC), Presidential Life Corp (NASDAQ:PLFE), Delphi Financial Group, Inc. (NYSE:DFG), Torchmark Corporation (NYSE:TMK), and Prudential Financial, Inc. (NYSE:PRU).
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