Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 5.65B | 15.8% |
| Gross Profit | -3.34B | 5.5% |
| Cost of Revenue | 8.99B | 11.8% |
| Operating expense | 299M | 0.7% |
| Net Income | 156M | 23.2% |
| EBITDA | 976M | 1437% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 120B | 9.4% |
| Total Liabilities | 109B | 9% |
| Total Equity | 11.1B | 14.3% |
| Shares Outstanding | 66M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.07B | 10.3% |
| Cash from investing | -1.21B | 65.1% |
| Cash from financing | 639M | 47.6% |
EPS
Financial Highlights for Reinsurance Group of America in Q3 '24
Reinsurance Group of America reported a revenue of 5.65B, which is a 15.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -3.34B, marking a -5.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.99B, a 11.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 299M, showing a -0.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 156M, showing a -23.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 976M, showing a 1437% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Reinsurance Group of America faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
