Reinsurance Group Intrinsic Value – REINSURANCE GROUP Reports Second Quarter Earnings Results for FY2023
August 26, 2023
🌥️Earnings Overview
The REINSURANCE GROUP ($NYSE:RGA) released their financial results for the quarter ending June 30 2023 on August 3 2023. Total revenue reported was USD 4156.0 million, an increase of 9.1% year-over-year. Net income also rose by 3.5%, amounting to USD 205.0 million.
Price History
On Thursday, REINSURANCE GROUP reported its second quarter earnings results for FY2023. The company’s stock opened at $141.5 and closed at $142.3, representing a decrease of 0.2% from its prior closing price of 142.5. Overall, REINSURANCE GROUP reported strong financial results for the quarter, with higher total net income and higher book value per common share compared to the same period last year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Reinsurance Group. More…
| Total Revenues | Net Income | Net Margin |
| 16.72k | 945 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Reinsurance Group. More…
| Operations | Investing | Financing |
| 2.75k | -5.69k | 4.44k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Reinsurance Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 89.04k | 81.14k | 117.29 |
Key Ratios Snapshot
Some of the financial key ratios for Reinsurance Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.5% | – | 8.8% |
| FCF Margin | ROE | ROA |
| 16.3% | 11.9% | 1.0% |
Analysis – Reinsurance Group Intrinsic Value
At GoodWhale, we recently conducted an analysis of REINSURANCE GROUP‘s wellbeing. By using our proprietary Valuation Line, we were able to calculate the intrinsic value of REINSURANCE GROUP’s share at around $131.3. Currently, the REINSURANCE GROUP stock is traded at $142.3, a fair price that is slightly overvalued by 8.4%. We believe that our analysis and valuation provides a good insight into the true value of REINSURANCE GROUP’s stock. More…
Peers
RGA’s main competitors are American Financial Group Inc, AXA SA, MetLife Inc. All three companies compete for business from insurance companies by offering reinsurance products that help insurance companies manage their risks. RGA has a strong market position and a diversified product portfolio, which gives it a competitive advantage over its rivals.
– American Financial Group Inc ($NYSE:AFG)
American Financial Group Inc is a holding company that operates insurance and investment businesses through the following subsidiaries: Great American Insurance Company, Annuity Investors Life Insurance Company, Union Central Life Insurance Company, and National Interstate Insurance Company. The company has a market cap of 10.85B as of 2022 and a Return on Equity of 19.27%. The company’s insurance subsidiaries specialize in property and casualty insurance, including commercial multi-peril, workers’ compensation, automobile, and homeowners’ insurance. The investment subsidiaries manage fixed-income securities, equity investments, and real estate investments.
– AXA SA ($LTS:0HAR)
AXA SA is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services. The company is a component of the Euro Stoxx 50 stock market index.
As of 2022, AXA SA had a market capitalization of €55.97 billion and a return on equity of 9.83%. The company offers a wide range of insurance and investment products and services, including life, property and casualty, health, and asset management.
– MetLife Inc ($NYSE:MET)
MetLife is one of the largest life insurance companies in the world, with over $500 billion in assets. The company has a strong focus on customer service and has a wide range of products to meet the needs of its customers. MetLife has a strong financial position and is well-positioned to continue to grow its business in the future.
Summary
Reinsurance Group reported strong earnings results for the second quarter of FY2023, with total revenue increasing by 9.1% to USD 4156.0 million, and year-over-year net income growing 3.5% to USD 205.0 million. Investors are likely to remain bullish on the company’s prospects going forward, given the sound financial performance reported in the quarter. The growth in revenue and income indicates that Reinsurance Group is well-positioned to build upon its success in the second quarter, and capitalize on opportunities for further growth in the coming period.
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