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Reinsurance Group of America Inc.

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Reinsurance Group missed the Zacks Consensus Estimate and declined year over year on adverse foreign currency effect, higher effective tax rate and higher claims in Australia and the U.S. However, the downside was partially mitigated by better overall results in Asia and EMEA. The company’s underperforming Australia business, currency exchange volatility and evolving capital requirements are expected to be near-term headwinds. Nonetheless, Reinsurance Group’s niche position in the U.S. and Canada reinsurance markets along with expansion of its international operations are to reap the benefits of diversification. It is poised to benefit from the changing life reinsurance pricing environment. Its expanding business in the pension risk transfer market also looks promising.


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