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Last €86.94 EUR
Change Today -0.85 / -0.97%
Volume 0.0
As of 2:02 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

reinsurance group of america (RGPB) Snapshot

Open
€86.94
Previous Close
€87.79
Day High
€86.94
Day Low
€86.94
52 Week High
04/14/15 - €89.73
52 Week Low
04/29/14 - €54.62
Market Cap
5.9B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
67.4M
EX-Date
02/11/15
P/E TM
--
Dividend
€1.26
Dividend Yield
1.18%
Current Stock Chart for REINSURANCE GROUP OF AMERICA (RGPB)

reinsurance group of america (RGPB) Related Businessweek News

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reinsurance group of america (RGPB) Details

Reinsurance Group of America, Incorporated engages in the reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products. The company also provides reinsurance for mortality, morbidity, and lapse risk associated with products; and reinsurance for investment-related risks, as well as develops and markets technology solutions for the insurance industry. It serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

2,070 Employees
Last Reported Date: 03/2/15
Founded in 1973

reinsurance group of america (RGPB) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $598.1K
Chief Operating Officer and Senior Executive ...
Total Annual Compensation: $535.8K
Head of Europe, Middle East & South Africa Ma...
Total Annual Compensation: $547.9K
Head of Asia Markets and Executive Vice Presi...
Total Annual Compensation: $463.6K
Compensation as of Fiscal Year 2014.

reinsurance group of america (RGPB) Key Developments

Citigroup To Reportedly Sell Prime Reinsurance

Citigroup Inc. (NYSE:C) is preparing to sell Prime Reinsurance Company, Inc. a subsidiary created five years ago to ease the spinoff of life insurer Primerica Inc., according to people familiar with the process. The unit, could draw interest from Reinsurance Group of America Inc. (NYSE:RGA), Resolution Re Reinsurance Intermediaries, LLC and other firms that specialize in buying blocks of complicated insurance contracts, said two of the people. Jennifer Lowney, a Citigroup spokeswoman, and Sally Smith of RGA declined to comment. A spokesman for Resolution Re couldn’t immediately be reached.

Reinsurance Group of America Inc. Presents at J.P. Morgan Insurance Conference, Mar-18-2015 11:00 AM

Reinsurance Group of America Inc. Presents at J.P. Morgan Insurance Conference, Mar-18-2015 11:00 AM. Venue: 270 Park Avenue, 2nd Floor, New York, New York, United States. Speakers: Jack B. Lay, Chief Financial Officer and Senior Executive Vice President.

Reinsurance Group of America Inc. Declares Regular Quarterly Dividend, Payable on March 6; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

The board of directors of Reinsurance Group of America Inc. declared a regular quarterly dividend of $0.33, payable on March 6 to shareholders of record as of February 13. The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported GAAP net income of $191,091,000 compared to $144,959,000 a year ago. Operating income was $208,288,000 compared to $154,509,000 a year ago. Income before income taxes was $276,743,000 compared to $229,490,000 a year ago. Pre-tax operating income was $304,256,000 compared to $244,408,000 a year ago. Diluted earnings from operating income were $2.99 per share compared to $2.17 per share a year ago. Diluted earnings were $2.75 per share compared to $2.03 per share a year ago. Net premiums were $2,217,772,000 compared to $2,212,998,000 a year ago. Total revenues were $2,697,413,000 compared to $2,736,794,000 a year ago. Pre-tax operating income totaled $14 million for the quarter with strong operating performances in Spain and Italy, reflecting typical claims volatility. For the year, the company reported GAAP net income of $684,047,000 compared to $418,837,000 a year ago. Operating income was $638,049,000 compared to $358,446,000 a year ago. Income before income taxes was $1,008,533,000 compared to $635,254,000 a year ago. Pre-tax operating income was $941,883,000 compared to $544,623,000 a year ago. Diluted earnings from operating income were $9.12 per share compared to $4.95 per share a year ago. Diluted earnings were $9.78 per share compared to $5.78 per share a year ago. Net premiums were $8,669,854,000 compared to $8,254,027,000 a year ago. Total revenues were $10,904,194,000 compared to $10,318,353,000 a year ago. Book value outstanding as on December 31, 2014 was $102.13 per share compared to $83.87 per share a year ago. The company provided earnings guidance for the year 2015. Over the intermediate term, the company targets growth in operating income per share in the 5 to 8% range, and operating return on equity of 11% to 12%; these targets are unchanged from those provided last year at this time. It is presumed that there are no significant changes in the investment environment from current levels and the company will deploy $250 million to $400 million of excess capital, on average, annually.

 

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Industry Analysis

RGPB

Industry Average

Valuation RGPB Industry Range
Price/Earnings 9.5x
Price/Sales 0.6x
Price/Book 0.9x
Price/Cash Flow 9.2x
TEV/Sales 0.1x
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