CHESTERFIELD, Mo. (AP) — CHESTERFIELD, Mo. (AP) — Reinsurance Group of America Inc. (RGA) on Thursday reported second-quarter profit of $180 million.
On a per-share basis, the Chesterfield, Missouri-based company said it had net income of $2.70. Earnings, adjusted for non-recurring costs, came to $4.72 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.58 per share.
The reinsurance company posted revenue of $5.6 billion in the period. Its adjusted revenue was $5.64 billion, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $5.71 billion.
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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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