RZB Q2 2016 Earnings Report — Reinsurance Group of America, Incorporated Revenue & Financial Results | Market Cap Arena

Reinsurance Group of America, IncorporatedRZB

Q2 2016 Earnings

Reported August 3, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$3.0B	$2.5B	—	21.0%	—
Op. Income	$380M	$147M	—	159.1%	—
Gross Margin	94.7%	93.7%	—	1.0pp	—
Net Margin	7.8%	3.0%	—	4.7pp	—
EPS (Diluted)	$3.64	$1.17	—	211.1%	—
Free Cash Flow	$226M	$369M	—	-38.7%	—

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$160M
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$2.5B
Operating Expenses	$2.7B
Cost & Expenses	$2.7B
OPERATING INCOME	$380M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$2.7B
INCOME BEFORE TAX	$353M
Income Tax Expense	$117M
Net Income from Continuing Ops	$236M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$236M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$236M
D&A	-$380M
EBIT	$0
EBITDA	-$27M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$160M
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$2.5B
Operating Expenses	$2.7B
Cost & Expenses	$2.7B
OPERATING INCOME	$380M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$2.7B
INCOME BEFORE TAX	$353M
Income Tax Expense	$117M
Net Income from Continuing Ops	$236M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$236M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$236M
D&A	-$380M
EBIT	$0
EBITDA	-$27M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$236M
Depreciation & Amortization	$7M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	-$29M
Change in Working Capital	$5M
OPERATING CASH FLOW	$226M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1.3B
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	-$29M
Common Stock Repurchased	-$15M
Common Dividends Paid	-$24M
Other Financing Activities	$723M
NET CASH FROM FINANCING	$656M
FREE CASH FLOW	$226M
Net Change in Cash	-$468M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	-$48.5B
Goodwill	$0
Intangible Assets	$3.4B
Long-Term Investments	$45.6B
Tax Assets	$2.9B
Other Non-Current Assets	$49.4B
TOTAL NON-CURRENT ASSETS	$52.8B
TOTAL ASSETS	$53.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$300M
Long-Term Debt	$3.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$3.7B
Common Stock	$791.0K
Additional Paid-In Capital	$1.8B
Retained Earnings	$4.9B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	$2.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.6B
Minority Interest	$0
TOTAL EQUITY	$7.6B
TOTAL LIABILITIES & EQUITY	$11.2B
Total Debt	$3.7B
Net Debt	$2.6B