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CHESTERFIELD, Mo. (AP) — CHESTERFIELD, Mo. (AP) — Reinsurance Group of America Inc. (RGA) on Thursday reported first-quarter profit of $286 million.
The Chesterfield, Missouri-based company said it had profit of $4.27 per share. Earnings, adjusted for non-recurring costs, came to $5.66 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.33 per share.
The reinsurance company posted revenue of $5.26 billion in the period. Its adjusted revenue was $5.34 billion, falling short of Street forecasts. Three analysts surveyed by Zacks expected $5.74 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