Reinsurance Group of America Q2 profit more than doubles on favorable claims
RGA•Capital return and outlook
The company raised its quarterly dividend by 5.4% and returned $111 million to shareholders.
It said it remains focused on sustainable growth and prudent capital allocation, and sees a healthy pipeline supporting its outlook for 2026 and beyond.
The company said durable fundamentals and strategic advantages are expected to support future performance.
Drivers behind the quarter
The company said claims experience was modestly favorable to expectations, especially in its U.S. and Latin America and EMEA segments.
It also attributed results to strong investment returns, citing disciplined execution and a favorable market backdrop.
Reinsurance Group of America said earnings benefited from new business growth in Asia Pacific and EMEA, and from the 2025 transaction with Equitable Holdings in Financial Solutions.
Key figures and analyst view
| Metric | Actual |
|---|---|
| Q2 EPS | $7.01 |
| Q2 Net Income | $464 million |
| Q2 Adjusted Operating Income | $586 million |
The current average analyst rating on the shares is "buy," with 6 "strong buy" or "buy," 4 "hold," and 1 "sell" or "strong sell."
The average consensus recommendation for the reinsurance peer group is "buy."
Wall Street's median 12-month price target for Reinsurance Group of America, Incorporated is $261.00, about 10.4% above its August 5 closing price of $236.38.
