The earnings call highlighted strong strategic achievements and capital position improvements, despite claims volatility and challenges in the healthcare excess business impacting short-term results.

Company Guidance -

Q3 2025

During the second quarter of 2025, the Reinsurance Group of America (RGA) reported an operating EPS of $4.72 per share, and an adjusted operating return on equity of 14.3%, excluding notable items, aligning with their intermediate-term targets. However, operating results fell below expectations due to claims volatility in U.S. individual life and unfavorable claims in the healthcare excess business. RGA's excess capital increased significantly to $3.8 billion, or $2.3 billion pro forma for the Equitable transaction, while deployable capital rose to $3.4 billion. The company achieved a nonspread portfolio yield of 4.98% in Q2, with variable investment income at $105 million. The effective tax rate stood at 25.2%, above the expected range, due to valuation allowances on foreign tax credits. RGA closed several transactions globally and saw a 43% increase in Hong Kong life insurance sales. For the year, consolidated net premiums rose 14% year-over-year, with traditional business premium growth of 11% on a constant currency basis. Looking ahead, RGA aims to balance business deployment with returning 20% to 30% of after-tax operating earnings to shareholders through dividends and share repurchases.

Strong Capital Position

RGA achieved a significant increase in excess capital to $3.8 billion at the end of Q2, providing flexibility for growth and shareholder returns.

Successful Transactions

Closed the Equitable transaction with an effective date of April 1, contributing an estimated $70 million to pretax operating income for the second half of 2025.

Global Business Expansion

Won asset-intensive transactions in five countries across three continents for the first time in company history.

Strong Investment Performance

Investment results were strong, with variable investment income significantly higher at $105 million, driven by limited partnerships and real estate joint venture sales.

Premium Growth

Traditional business premiums rose by 11% on a constant currency basis in the first half of 2025, indicating strong business momentum.

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

Daily Earnings Calendar >

RGA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	5.86 / -	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	$192.45	$177.33	-7.86%
May 01, 2025	$186.14	$196.91	+5.79%
Feb 06, 2025	$228.48	$206.65	-9.55%
Oct 31, 2024	$208.42	$212.39	+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 5.86.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing