Reinsurance Group Climbs as Profit Beats Estimates
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Reinsurance Group of America Inc., the reinsurer formerly owned by MetLife Inc., advanced after fourth-quarter profit climbed, beating analysts’ estimates.
Reinsurance Group rose 2.2 percent to $58.66 at 4:14 p.m. in New York. Net income increased 61 percent to $223 million from $138.6 million a year earlier, the company said late yesterday in a statement. Operating profit, which excludes some investment results, was $2.44 a share, beating by 65 cents the average estimate of 11 analysts in a Bloomberg survey.