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RGA

Reinsurance Group of America, Incorporated

RGA

NYSE·Financial Services·Insurance - Reinsurance·Mkt cap $14.1B

$219.98

+2.01%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$165.52 - $229.21

P/E

11.90

Fwd P/E

8.20

Beta

0.48

Div Yield

1.73%

Avg Vol

359.0K

Shares Out

65.6M

Mkt Cap

$14.1B

Price action

Price chart

Up 10.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Global distribution network across six continents with established relationships with major insurers
  • Diversified product portfolio spanning mortality, morbidity, lapse, and investment risks
  • Proprietary technology platform and consulting capabilities creating sticky client relationships
  • Decades of underwriting expertise and actuarial talent since 1973 founding
  • Scale and capital strength enabling complex risk assumption and capital solutions

Bear Case

1 risk

  • Low volatility (beta 0.5).

Growth

Stable outlook

Expansion of insurance markets in emerging economies increasing reinsurance demand

Value

Fairly valued vs Reinsurance peers

Momentum

Strong

+5.1% over 3m

Quality

Stable

Excellent business quality

Dividend

Modest

1.73% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 29, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of $6.97 vs $6.03 consensus (+15.6% surprise). Revenue of $6.5B vs $6.5B expected (+0.4%). Beat on both top and bottom lines.

EPS beat +15.6%
Rev beat +0.4%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+15.6%

Next: Apr 29, 2026

Revenue trend · last 8Q

+5%

-17%

+14%

+11%

+24%

+22%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$4.8B

$5.5B

$5.1B

$5.3B

$5.6B

$6.2B

$6.3B

$6.5B

Margins · last 8Q

Gross

Operating

Profit

5.1%

Wall Street consensus

6 analysts · 67% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

67%

Hold

2

33%

Sell

0%

Median Price Target

$264.00

+20.0% vs $219.98

Low $220.00
Median $264.00
High $268.00

Latest: Evercore · $267.00 · May 18, 2026

4 analysts covering

vs Industry

How RGA stacks vs Insurance - Reinsurance

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.