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Reinsurance Group of America (FRA:RGPB) Interest Expense : €-251 Mil (TTM As of Mar. 2024)


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What is Reinsurance Group of America Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reinsurance Group of America's interest expense for the three months ended in Mar. 2024 was € -63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-251 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Reinsurance Group of America's Operating Income for the three months ended in Mar. 2024 was € 313 Mil. Reinsurance Group of America's Interest Expense for the three months ended in Mar. 2024 was € -63 Mil. Reinsurance Group of America's Interest Coverage for the quarter that ended in Mar. 2024 was 5.00. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Reinsurance Group of America Interest Expense Historical Data

The historical data trend for Reinsurance Group of America's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Reinsurance Group of America Interest Expense Chart

Reinsurance Group of America Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -155.70 -139.74 -123.02 -180.30 -235.67

Reinsurance Group of America Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -49.50 -58.15 -67.46 -63.27 -62.56

Reinsurance Group of America Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-251 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Reinsurance Group of America  (FRA:RGPB) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Reinsurance Group of America's Interest Expense for the three months ended in Mar. 2024 was €-63 Mil. Its EBIT for the three months ended in Mar. 2024 was €313 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €4,073 Mil.

Reinsurance Group of America's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* EBIT (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*312.8/-62.56
=5.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's financial strength is.

Reinsurance Group of America (FRA:RGPB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Reinsurance Group of America Inc (FRA:RGPB) » Definitions » Interest Expense
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Traded in Other Exchanges
RGA:USA
Address
16600 Swingley Ridge Road, Chesterfield, MO, USA, 63017
Website
https://www.rgare.com
Reinsurance Group of America Inc is an insurance holding company with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. The core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. The company's operations are divided into traditional and financial solution businesses.

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