Reinsurance Group: Q1 Earnings Snapshot

CHESTERFIELD, Mo. (AP) _ Reinsurance Group of America Inc. (RGA) on Thursday reported first-quarter net income of $139 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Chesterfield, Missouri-based company said it had net income of $2.03. Losses, adjusted for non-recurring gains, were $1.24 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The reinsurance company posted revenue of $4.12 billion in the period. Its adjusted revenue was $3.82 billion.

Reinsurance Group shares have climbed 16% since the beginning of the year. The stock has increased 54% 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