Reinsurance Group Of America: A Solid Buy With Growth Momentum
Portfolio Pulse from
Reinsurance Group of America (RGA) reported strong Q3'24 results, exceeding expectations with a 15.55% ROE and significant premium growth. Key achievements include a $1.5 billion retrocession recapture, exclusive transactions in Asia, and a major U.S. deal with American National.
January 04, 2025 | 7:15 pm
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Reinsurance Group of America (RGA) exceeded Q3'24 expectations with a strong ROE of 15.55% and significant premium growth. The company executed a $1.5 billion retrocession recapture and secured key deals in Asia and the U.S., enhancing its growth outlook.
RGA's strong financial performance in Q3'24, including a high ROE and premium growth, indicates robust business momentum. The $1.5 billion retrocession recapture and strategic deals in Asia and the U.S. are likely to drive future growth, positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100