At the end of July, Reinsurance Group of America Inc (NYSE:RGA) caught my attention after a seemingly disastrous fiscal second quarter, for which the market punished the company by wiping 10.2% off the company’s valuation in a single day. Back then, the company looked like a good recovery opportunity and I wrote about its potential here. I also built up a position myself. Since then, the company has recovered from its losses and reported a solid fiscal third quarter. Net premiums written grew 6% year-on-year; 9% in original currencies. Year-on-year, net income fell slightly due to falling returns on the…
Reinsurance Group Of America: Good Recovery, But Little Room To Grow
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