CHESTERFIELD, Mo. (AP) _ Reinsurance Group of America Inc. (RGA) on Thursday reported fourth-quarter earnings of $156 million.
On a per-share basis, the Chesterfield, Missouri-based company said it had net income of $2.30. Losses, adjusted for investment gains, came to 56 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The reinsurance company posted revenue of $4.36 billion in the period. Its adjusted revenue was $4.27 billion, topping Street forecasts. Three analysts surveyed by Zacks expected $4.18 billion.
For the year, the company reported profit of $617 million, or $9.04 per share. Revenue was reported as $16.1 billion.
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