CHESTERFIELD, Mo. (AP) _ Reinsurance Group of America Inc. (RGA) on Tuesday reported a first-quarter loss of $88 million, after reporting a profit in the same period a year earlier.
The Chesterfield, Missouri-based company said it had a loss of $1.41 per share. Earnings, adjusted for investment costs, were $1.41 per share.
The reinsurance company posted revenue of $3.2 billion in the period. Its adjusted revenue was $3.49 billion.
Reinsurance Group shares have fallen 39% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $100, a fall of 33% in the last 12 months.