REINSURANCE GROUP OF AMERICA INC (RGA) Form 8-K — Nov 5, 2026
RGA reported third quarter 2026 net income of $456 million, or $6.92 per diluted share, up from $253 million, or $3.81, a year earlier. Adjusted operating income was $558 million, or $8.49 per diluted share, versus $4.66 in the prior-year quarter, with adjusted operating EPS excluding notable items of $8.49 versus $6.37. Net premiums grew 25% year-over-year to $5.4 billion, boosted by roughly $800 million of single premium pension risk transfer business, and average investment yield rose to 5.26% from 4.73%. CEO Tony Cheng cited strong performance across all regions, favorable claims experience, and a healthy business pipeline.
Key figures
- Eps
- 6.92
- Revenue
- 7550
- Net Income
- 456
- Total Debt
- 5310
- Revenue Yoy
- 21.7% increase in total revenues ($7,550M vs $6,204M)
- Total Assets
- 169520
- Cash Position
- 4648
- Shares Outstanding
- 65043000
- Roe ttm
- 13.1%
- Net premiums q3
- $5,352M, up 25.0% YoY
- Effective tax rate
- 26.8% pre-tax / 24.1% on adjusted operating income
- Quarterly dividend
- $0.98 per share payable December 1, 2026
- Book value per share
- $178.89 vs $197.52 prior year
- Average investment yield
- 5.26% vs 4.73% prior year
- Adjusted operating income
- $558M ($8.49 per diluted share) vs $310M ($4.66) prior-year quarter
- Adjusted operating ROE ttm
- 19.2%
- Returned to shareholders q3
- $139M ($75M buybacks, $64M dividends)
- Book value per share ex AOCI
- $179.51 vs $158.67 prior year
- Pension risk transfer premiums
- ~$800M single premium PRT in the quarter
- Adjusted operating eps ex notables
- $8.49 vs $6.37 prior-year quarter
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.