Reinsurance Group of America Inc (NYSE:RGA) was sold off on heavy volume last Friday, dropping as much as 10.2% at one point after the company reported a loss for the second quarter thanks to larger than expected losses from its Australian unit. However, despite this loss, the company still looks strong and after the recent sell-off, Reinsurance Group of America Inc (NYSE:RGA) looks to be an attractive value opportunity. First off, the loss for the first quarter was, for the most part, superficial. The firm reported a larger than expected loss from its Australian operations due to higher provisioning for losses…
Reinsurance Group: Attractive Valuation, Ugly Management
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