Reinsurance Group: Attractive Valuation, Ugly Management

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Rupert Hargreaves
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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…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk