Reinsurance Group of America Reports Fourth Quarter Results
Fourth Quarter Results
- Net income available to RGA shareholders of $6.97 per diluted share
- Adjusted operating income of $7.75 per diluted share
- Strong investment results, including favorable variable investment income
- Repurchased $50 million of common shares
Full Year Results
- Net income available to RGA shareholders of $17.69 per diluted share
- Adjusted operating income of $22.72 per diluted share; adjusted operating income, excluding notable items of $24.42 per diluted share
- ROE of 9.7%, adjusted operating ROE of 14.7%, adjusted operating ROE, excluding notable items of 15.7%, each for the trailing twelve months
- Deployed capital of $2.5 billion into in-force block transactions
- Repurchased $125 million of common shares
- Estimated deployable capital of $3.4 billion at the end of the year
ST. LOUIS, Feb. 5, 2026 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life and health reinsurance, reported fourth quarter net income available to RGA shareholders of $463 million, or $6.97 per diluted share, compared with $148 million, or $2.22 per diluted share, in the prior-year quarter. Adjusted operating income for the fourth quarter totaled $515 million, or $7.75 per diluted share, compared with $334 million, or $4.99 per diluted share, the year before. Net foreign currency fluctuations had a favorable effect of $0.11 per diluted share on net income available to RGA shareholders, and $0.09 per diluted share on adjusted operating income, both as compared with the prior year.