Reinsurance Group Of America (RGA)
NYSE:RGA
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
6.55Last Year’s EPS
4.72Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: strong adjusted operating income, favorable biometric claims experience, solid regional momentum (notably Asia and EMEA longevity), disciplined capital deployment ($338M in-force deployments, $50M buybacks) and healthy capital buffers ($2.4B excess). Headwinds are manageable: a higher-than-expected tax rate, modest shortfall versus variable investment income assumptions due to muted real estate sales, timing and FX impacts in some regions, and a subsidiary regulatory capital correction that reduced reported excess capital. Management emphasized selectivity, a strong pipeline, and confidence in delivering intermediate-term targets.Company Guidance
Strong Adjusted Operating Income and EPS
Reported pretax adjusted operating income of $611 million for the quarter and $6.97 per share after tax; management estimates run-rate EPS of approximately $6.70 per share.
Healthy Return on Equity
Trailing twelve-month adjusted operating return on equity (excluding notable items) of 16.2%.
Broad-Based Regional and Product Strength
Performance was strong across regions and products: Asia Pacific growth and notable transactions (Japan), EMEA exceeding expectations with momentum in longevity, and U.S. adjusted operating performance supported by favorable claims experience and new business.
Favorable Biometric Claims Experience
Economic biometric claims experience favorable by $117 million in the quarter (current-period financial impact of $4 million); cumulative favorable economic experience of $343 million since 2023, with favorable experience across every region.
Capital Deployment and Share Repurchases
Deployed $338 million into in-force transactions in the quarter; repurchased $50 million of shares during the quarter (total $175 million since buybacks restarted), and maintain estimated excess capital of $2.4 billion with $2.9 billion estimated next-12-months deployable capital.
Premium Growth
Overall traditional premium growth of 5% year-over-year, with U.S. traditional premium growth roughly 1% (reflecting strategic recaptures in 2025).
Investment and Portfolio Metrics
Non-spread book yield (ex-VII) of 4.85% and new-money rate of 5.64% in the quarter; private credit represents ~9% of total portfolio and credit performance remains in line with expectations.
Capital Management and Book Value Progress
Intend to allocate $400 million of excess capital to reduce financial leverage in 2026; book value per share excluding AOCI and B36 increased to $167.92, a compounded annual growth rate of 9.9% since the beginning of 2021.
Pipeline and Strategic Optionality
Management reports a healthy, diversified pipeline globally (Asia, U.S., U.K. longevity) and strategic optionality to allocate capital selectively to high-return transactions; will prioritize quality over quantity.
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 |
|---|---|---|---|
May 07, 2026 | $212.81 | $210.60 | -1.04% |
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% |
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 Of America (RGA) report earnings?
Reinsurance Group Of America (RGA) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Reinsurance Group Of America (RGA) earnings time?
Reinsurance Group Of America (RGA) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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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 (Q2) is 6.55.