Free Historical Stock Data on Reinsurance Group of America
Stock Symbol: RGA
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Business Description
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company that was formed on December 31, 1992 and is primarily engaged in traditional life, asset-intensive and financial reinsurance. Its principal assets consist of the common stock of Reinsurance Company of Missouri, Incorporated (RCM), RGA Reinsurance Company (Barbados) Ltd. (RGA Barbados), RGA Life Reinsurance Company of Canada (RGA Canada) and RGA Americas Reinsurance Company, Ltd. (RGA Americas), as well as investments in several other wholly-owned subsidiaries. RGA has subsidiaries, branch operations or representative offices in Australia, Barbados, Hong Kong, India, Ireland, Japan, Mexico, South Africa, South Korea, Spain, Taiwan and the United Kingdom.
Financial Information
For the nine months ended 9/04, total revenues rose 40% to $2.92 billion. Net income from continuing operations before accounting change rose 59% to $189.4 million. Revenues reflect increased premiums due to renewals on existing blocks. Net income reflects a decrease in interest expense as a percentage of revenues.
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