- Reinsurance Group of America stock price today and history
Reinsurance Group of America (RGA) stock prices updated...
Please, Signup (Login) to subscribe or trade (demo)
Reinsurance Group of America stock price
Reinsurance Group of America latest news:
AIG estimates Q3 pretax catastrophe losses of about $3 billion
American International Group Inc. late Monday estimated that its pretax catastrophe losses net of reinsurance will reach $2.9 billion to $3.1 billion in the third quarter. The total includes losses of $1.1 billion to $1.2 billion from Hurricane Harvey, $1 billion to $1.1 billion from Hurricane Irma, and $600 million to $700 million from Hurricane Maria. The insurer also expects about $150 million in additional catastrophe losses from Mexico earthquakes. AIG is scheduled to announce third-quarter results on Nov. 2. Analysts surveyed by FactSet are projecting the company to report earnings of 22 cents a share. AIG shares are flat in the extended session after closing down 0.8% to $61.78.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Travelers' stock slips after hurricane loss estimates, suspension of buyback program
Shares of Travelers Companies Inc. fell 0.5% in morning trade Tuesday, after the insurer said it would suspend its share repurchase program as it assesses losses from Hurricanes Harvey and Irma. Late Monday, the company said it estimated catastrophe pre-tax losses relating to Harvey, including recoveries from reinsurance, in the range of $375 million to $750 million. Before temporarily suspending the share repurchase program, the company said it had spent $328 million to buy back 2.6 million shares in the current quarter. MKM Partners analyst Harry Fong reiterated his neutral rating and $130 fair value estimate on the stock, but slashed his third-quarter earnings-per-share estimate to 25 cents from $2.27 and his 2017 EPS outlook to $6.80 from $8.80. "We added in the full $750 million of [catastrophe] losses into our third-quarter estimate; that may be conservative for Harvey, but we know the company will likely have a loss as big if not bigger for Hurricane Irma," Fong wrote in a note to clients. Travelers' stock has lost 2.8% over the past three months, while the SPDR S&P Insurance ETF has edged up 0.2% and the Dow Jones Industrial Average has tacked on 2.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
CORRECTED-Insurer Lancashire expects limited claims payout from Harvey
Aug 30 (Reuters) - Property and casualty insurer and
reinsurer Lancashire Holdings is only exposed to the
first $40 million of claims in its main Bermuda property
reinsurance account and does not expect to pay out huge amounts
from Tropical Storm Harvey, its head of investor relations said.
Reinsurance Group of AmericaRZA
Reliance Steel & Aluminum Co.RS
RenaissanceRe Holdings Ltd.RNR
RenaissanceRe Holdings Ltd.RNR^C
RenaissanceRe Holdings Ltd.RNR^E
Rentech Nitrogen PartnersRNF