1、 Baptista ResearchBaptista Research26-11-2024Reinsurance Group of America,Incorporated(RGA)Industry View:In-LineStock Rating:HoldPrice Target:$253.0Current Price:$229.2Shares Outstanding:65.86 MMAverage Daily Volume(3 months):0.31 MM52-Week High:$233.1452-Week Low:$157.48Objective Of The ReportCompa

2、ny OverviewBaptista Research looks to evaluate the different factors that could influence the companys price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow(DCF)methodology.In this report,we have carried out a fundamental analysis of

3、the historical financial statements of the company.We also have a dedicated analysis of the companys Environmental,Social,and Governance(ESG)risk scores in order to evaluate the sustainability risk.We have added reasonable forecasts of the annualized income statement and cash flows and carried out a

4、 DCF valuation of the company using its Weighted Average Cost of Capital(WACC)to determine a forecasted share price.We have further incorporated a sensitivity analysis/scenario analysis to understand how changes in key assumptions could impact the valuation under 3 scenarios-a base case,a bull case,

5、and a bear case.These additional layers of analysis serve to provide a comprehensive and robust valuation,giving investors a nuanced understanding of the inherent risks and opportunities.Reinsurance Group of America,Incorporated engages in reinsurance business.It offers individual and group life and

6、 health insurance products,such as term life,credit life,universal life,whole life,group life and health,joint and last survivor insurance,critical illness,disability,and longevity products;asset-intensive and financial reinsurance products;and other capital motivated solutions.The company also prov