Reinsurance Group of America Announces Third Quarter Results
RGA reported Q3 net income of $456 million, or $6.92 per diluted share, up from $253 million ($3.81) a year earlier, with adjusted operating EPS of $8.49 versus $4.66. Net premiums jumped 25% to $5.35 billion, boosted by roughly $800 million of single premium pension risk transfer business, and investment income ex-spread businesses rose 17.5% with average yield improving to 5.26%. ROE was 13.1% and adjusted operating ROE 19.2% over the trailing twelve months; the annual actuarial assumption review had no net impact on consolidated pre-tax adjusted operating income.
Key figures
- Eps
- 6.92
- Revenue
- 7550000000
- Guidance
- Management expressed confidence in delivering strong results for the remainder of 2026 (no numeric guidance given)
- Revenue Yoy
- 21.7%
- Roe
- 13.1%
- Net income
- 456000000
- Net premiums
- 5352000000
- Net premiums yoy
- 25.0%
- Effective tax rate
- 26.8%
- Shareholder returns
- $139 million ($75M buybacks + $64M dividends)
- Book value per share
- 178.89
- Adjusted operating eps
- 8.49
- Adjusted operating roe
- 19.2%
- Average investment yield
- 5.26%
- Adjusted operating income
- 558000000
- Pension risk transfer premiums
- approximately $800 million
AI analysis
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