Reinsurance Group beats 4Q profit forecasts

CHESTERFIELD, Mo. (AP) _ Reinsurance Group of America Inc. (RGA) on Monday reported fourth-quarter profit of $190.1 million.

On a per-share basis, the Chesterfield, Missouri-based company said it had net income of $2.92. Earnings, adjusted for investment gains, came to $2.63 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.50 per share.

The reinsurance company posted revenue of $3.07 billion in the period. Its adjusted revenue was $3.06 billion.

For the year, the company reported profit of $701.4 million, or $10.79 per share. Revenue was reported as $11.43 billion.

Reinsurance Group shares have decreased nearly 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $124.93, a rise of 52 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RGA at https://www.zacks.com/ap/RGA

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