REINSURANCE GROUP OF AMERICA INC (RGA) Form 10-Q — Nov 6, 2026
RGA's Q3 2026 net income available to shareholders nearly doubled to $456 million from $253 million a year earlier, with diluted EPS of $6.92 versus $3.81, as income before taxes rose $304 million to $624 million. Nine-month results were equally strong: net income of $1,248 million, revenues of $20,681 million (up from $17,063 million), and adjusted operating income before taxes of $2,108 million versus $1,291 million. Drivers included favorable claims experience across all segments, higher net investment income, and $105 million of contribution from the $12 billion Equitable Holdings quota share transaction.
Key figures
- Eps
- 6.92
- Revenue
- 20681
- Net Income
- 457
- Total Debt
- 5310
- Revenue Yoy
- 21.2% (9M: $20,681M vs $17,063M)
- Total Assets
- 169520
- Cash Position
- 4648
- Shares Outstanding
- 65049910
- Q3 revenue
- 7550
- Q3 basic eps
- 6.98
- Q3 eps prior year
- 3.81
- Effective tax rate 9 M
- 25.1%
- Funds withheld payable
- 10168
- Life reinsurance in force
- $4,378.5 billion
- Q3 net income shareholders
- 456
- Nine month income before taxes
- 1670
- Buyback remaining authorization
- $325 million
- Equitable transaction liabilities
- approximately $12 billion (75% quota share)
- Nine month net income shareholders
- 1248
- Adjusted operating income before taxes 9 M
- 2108
AI analysis
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