Reinsurance Group of America Posts Q4 Record EPS of $4.59, Hikes Dividend 10%
Reinsurance Group of America reported a record Q4 2025 adjusted EPS of $4.59, up from $3.75 a year earlier, driven by a 12% rise in net premiums to $3.2 billion and stronger retrocession recoveries. The company raised its quarterly dividend by 10% to $0.99 per share and reiterated its 2026 adjusted return on equity target of 12–14%.
1. Q4 Financial Performance
RGA delivered adjusted earnings per share of $4.59 for Q4 2025, a year-over-year increase of 22%, fueled by premium growth across all business segments and favorable claims experience.
2. Premiums and Reinsurance Recoveries
Net premiums written climbed 12% to $3.2 billion, supported by expanded treaty capacity in North America and Europe, while retrocession recoveries improved by $150 million due to optimized ceding structures.
3. Capital Return and Outlook
The board approved a 10% rise in the quarterly dividend to $0.99 per share and reiterated its 2026 adjusted return on equity target of 12–14%, signaling confidence in ongoing capital generation and profitable growth.