Education
About Us
Working with TipRanks
Follow Us
Reinsurance Group (RGA)
NYSE:RGA
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
6.02Last Year’s EPS
5.66Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operational and financial accomplishments — record EPS, ROE above target, significant increase in value of in-force business, strong regional growth (APAC +18%, EMEA +35%), successful capital deployment ($2.5B in 2025), and resumed share repurchases — while acknowledging discrete challenges, notably unfavorable Q4 biometric claims largely tied to U.S. group health and a strategic exit from group health lines. Management reiterated solid capital positions (excess capital $2.7B), clear intermediate-term targets (8%–10% EPS growth, 13%–15% ROE) and a reasoned plan for 2026 (run-rate EPS ~$24.75, $1.5B planned in-force deployment). Overall, positive operational momentum and balance sheet strength outweigh the manageable and disclosed challenges, though some near-term uncertainty remains around in-force action timing and investment income recognition.Company Guidance
Record Quarterly and Full-Year Earnings
Q4 operating EPS of $7.75 (second consecutive record quarter) and record 2025 operating EPS for the year.
Return on Equity Above Target
Adjusted operating ROE (trailing 12 months, excluding notable items) of 15.7%, exceeding the intermediate-term target range of 13%–15%.
Substantial Increase in Value of In-Force Business
Value of in-force business margins increased by $6.6 billion, an 18% rise in 2025; over the past two years value increased by over $11 billion (~16% p.a.).
Strong Regional Performance
APAC pretax operating income (ex-notable items) up 18% for the year; EMEA pretax earnings (ex-notable items) up 35%; North America benefitted from Equitable block and in-force actions.
Capital Deployment and Balance Sheet Strength
Deployed $2.5 billion into in-force transactions in 2025; ended Q4 with estimated excess capital of $2.7 billion and next 12 months deployable capital of $3.4 billion.
Reinstated Share Buybacks and Capital Return Plan
Repurchased $50 million in Q4 (total $125 million since reinstatement) and targeting a 20%–30% total payout ratio (buybacks + dividends) over the intermediate term.
Premium Growth
Traditional premium growth of 7.4% year-to-date on a constant currency basis, reflecting momentum across North America, EMEA and APAC.
Investment Performance and Variable Investment Income
Variable investment income was about $48 million above expectations in Q4, supported by higher limited partnership income and repositioning of acquired portfolios.
In-Force Management Actions Contribution
In-force management actions produced favorable impacts: ~$75 million in 2023, ~$225 million in 2024 and ~$135 million in 2025; Q4 actions had a $95 million favorable impact.
Book Value Growth
Book value per share (excluding AOCI and certain embedded derivative impacts) increased to $165.50, representing a 10% compounded annual growth rate since 2021.
RGA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RGA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $205.12 | $224.41 | +9.40% |
Oct 30, 2025 | $187.28 | $180.80 | -3.46% |
Jul 31, 2025 | $189.75 | $174.84 | -7.86% |
May 01, 2025 | $183.53 | $194.15 | +5.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Reinsurance Group (RGA) report earnings?
Reinsurance Group (RGA) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Reinsurance Group (RGA) earnings time?
Reinsurance Group (RGA) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RGA EPS forecast?
RGA EPS forecast for the fiscal quarter 2026 (Q1) is 6.02.