* Q2 oper EPS $1.63 vs $1.60 year ago
* Net premiums up 15 pct
July 26 (Reuters) - Reinsurance Group of America Inc reported quarterly operating profit above Wall Street estimates, boosted by a rise in net premiums.
For the latest second quarter, the life reinsurer earned $127.0 million, or $1.70 a share, compared with a profit of $153.2 million, or $2.10 a share, a year ago.
Operating profit -- the favorite measure of insurance analysts as it excludes investment losses and gains -- was $1.63 a share, compared with 92 cents a share a year ago.
Analysts were looking at earnings of $1.60 a share, according to Thomson Reuters I/B/E/S.
Reported net premiums for the period rose 15 percent to $1.58 billion.
Shares of the Chesterfield, Missouri-based company closed at $49.94 Monday on the New York Stock Exchange.
(Reporting by Sweta Singh in Bangalore; Editing by Saumyadeb Chakrabarty) Keywords: REINSURANCEGROUP/ (sweta.singh@thomsonreuters.com ; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: sweta.singh.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Net premiums up 15 pct
July 26 (Reuters) - Reinsurance Group of America Inc reported quarterly operating profit above Wall Street estimates, boosted by a rise in net premiums.
For the latest second quarter, the life reinsurer earned $127.0 million, or $1.70 a share, compared with a profit of $153.2 million, or $2.10 a share, a year ago.
Operating profit -- the favorite measure of insurance analysts as it excludes investment losses and gains -- was $1.63 a share, compared with 92 cents a share a year ago.
Analysts were looking at earnings of $1.60 a share, according to Thomson Reuters I/B/E/S.
Reported net premiums for the period rose 15 percent to $1.58 billion.
Shares of the Chesterfield, Missouri-based company closed at $49.94 Monday on the New York Stock Exchange.
(Reporting by Sweta Singh in Bangalore; Editing by Saumyadeb Chakrabarty) Keywords: REINSURANCEGROUP/ (sweta.singh@thomsonreuters.com ; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: sweta.singh.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.