The earnings call presented a mixed picture with significant achievements in capital increase, global transactions, and new business growth. However, it was overshadowed by claims volatility and unfavorable healthcare excess claims, leading to below-expectation results. The company's strategic successes are promising for future growth, but current operational challenges need attention.

Company Guidance

During the Reinsurance Group of America's (RGA) second quarter 2025 earnings call, the company reported an operating EPS of $4.72 per share, with an adjusted operating return on equity of 14.3% for the trailing 12 months, excluding notable items. Despite a strong first quarter, operating results this quarter were below expectations due to claims volatility in U.S. individual life and unfavorable claims in the healthcare excess business. Strategic achievements included a significant increase in excess and deployable capital, reaching $3.8 billion and $3.4 billion, respectively, giving RGA more flexibility for growth and shareholder returns. Throughout the quarter, RGA closed asset-intensive transactions across five countries and experienced an 11% increase in traditional business premiums on a constant currency basis. The company's success in new business activities, particularly in Asia and the U.K. PRT market, coupled with strong investment results, underscored their strategic focus on innovative solutions and risk management. Despite challenges, RGA remained confident in their strategy, projecting continued strong returns and growth prospects.

Increase in Excess Capital

During the quarter, there was a significant increase in RGA's excess and deployable capital measures, reaching $3.8 billion, which provides more flexibility for future growth and shareholder returns.

Successful Global Transactions

RGA closed asset-intensive transactions in 5 different countries across 3 continents for the first time, demonstrating the strength of RGA's global platform.

Strong New Business Growth

The traditional business premiums rose by 11% on a constant currency basis for the first 6 months of the year, maintaining robust margins.

Completion of Equitable Transaction

RGA successfully closed the Equitable transaction with an effective date of April 1, which is expected to contribute significantly to earnings in the coming years.

Reinsurance Group (RGA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RGA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	5.84 / -	3.62	―	―	―
Jul 31, 2025	2025 (Q2)	5.55 / 4.72	5.48	-13.87% (-0.76)
May 01, 2025	2025 (Q1)	5.31 / 5.66	6.02	-5.98% (-0.36)
Feb 06, 2025	2024 (Q4)	5.28 / 4.99	4.73	5.50% (+0.26)
Oct 31, 2024	2024 (Q3)	5.31 / 3.62	5.57	-35.01% (-1.95)
Aug 01, 2024	2024 (Q2)	5.08 / 5.48	4.4	24.55% (+1.08)
May 02, 2024	2024 (Q1)	4.54 / 6.02	5.16	16.67% (+0.86)
Feb 01, 2024	2023 (Q4)	4.46 / 4.73	2.99	58.19% (+1.74)
Nov 02, 2023	2023 (Q3)	4.28 / 5.57	5.2	7.12% (+0.37)
Aug 03, 2023	2023 (Q2)	4.17 / 4.40	5.78	-23.88% (-1.38)

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
Jul 31, 2025	$191.49	$176.44	-7.86%
May 01, 2025	$185.21	$195.93	+5.79%
Feb 06, 2025	$227.34	$205.62	-9.55%
Oct 31, 2024	$207.38	$211.33	+1.90%

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 Oct 30, 2025, After Close (Confirmed).

What is Reinsurance Group (RGA) earnings time?

Reinsurance Group (RGA) earnings time is at Oct 30, 2025, 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 2025 (Q3) is 5.84.

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