Reinsurance Group of America Incorporated Earnings: Consecutive Profit Quarter Streak Stays Intact

Reinsurance Group of America Incorporated (NYSE:RGA) reported its results for the first quarter. Reinsurance Group of America is an insurance holding company engaged in traditional individual and group life, asset-intensive, critical illness and financial reinsurance.

Investing Insights: What’s the Future of Microsoft’s Stock?

Reinsurance Group of America Incorporated Earnings Cheat Sheet for the First Quarter

Results: Net income for Reinsurance Group of America Incorporated fell to $123.3 million ($1.67 per share) vs. $160.8 million ($2.02 per share) a year earlier. This is a decline of 23.3% from the year-earlier quarter.

Revenue: Revenue was $2.29 billion last quarter.

Actual vs. Wall St. Expectations: Reinsurance Group of America Incorporated beat the mean analyst estimate of $1.52 per share. It beat the average revenue estimate of $2.2 billion.

Key Stats:

The company’s net income has fallen in each of the last two quarters. In the fourth quarter of the last fiscal year, net income fell 19.4% from the year-earlier quarter.

The company has now beaten analyst estimates for three quarters in a row. It beat the mark by 7 cents in the fourth quarter of the last fiscal year and by 17 cents in the third quarter of the last fiscal year.

Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the second quarter is $1.73 per share, down from $1.75 ninety days ago. Over the past three months, the average estimate for the fiscal year has climbed from $7 per to share to $7.04.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Will Apple Rule the World?>>

Do Central Banks Still Love Gold?>>

Here’s Evidence Startup Euphoria Lacks Logic … Again>>