Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. It offers individual and group life and health, disability, long-term care, and critical illness reinsurance; and financial solutions, such as asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer transactions, and capital solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risks; coinsurance of payout annuities; underwritten annuities; funding agreement backed note program and other capital motivated solutions; and superannuation. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.
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Reinsurance Group of America Q2 earnings beat driven by investment returns
Reinsurance Group of America reported second-quarter results that exceeded Wall Street expectations, with revenue of $6.83 billion versus analyst estimates of $6.63 billion and adjusted EPS of $8.89 versus estimates of $6.49. CEO Tony Cheng attributed the strong performance to robust investment returns and steady contributions from new business across all regions, particularly in the U.S. and Asia Pacific. CFO Laura Cockrill highlighted the company's focus on leveraging biometric expertise and diversified investment capabilities. During the earnings call, analysts questioned management on U.S. traditional premium growth, mortality trends, capital deployment, Hong Kong exposure, and the Ruby Re sidecar, with management confirming a healthy pipeline and a disciplined approach to legacy liabilities.
Five Insurers Poised to Beat Second-Quarter Earnings Estimates
Five insurance companies are positioned to outperform second-quarter earnings expectations, according to Zacks Investment Research. The firms—Cincinnati Financial Corporation, Reinsurance Group of America, Oscar Health, Willis Towers Watson, and Aflac—each carry a positive Earnings ESP and a Zacks Rank of 1, 2, or 3, a combination that historically signals a higher likelihood of an earnings beat. The industry’s results are expected to benefit from prudent pricing, exposure growth, portfolio optimization, strong retention, and ongoing digital acceleration, along with a relatively subdued catastrophe environment. Consensus estimates show Reinsurance Group of America at $6.52 per share, up 38.1% year over year, and Oscar Health at 45 cents, up 150.6%, while Cincinnati Financial is pegged at $1.82, Willis Towers Watson at $3.13, and Aflac at $1.77.
RenaissanceRe leads Q1 reinsurance misses as sector revenues fall short
RenaissanceRe reported first-quarter revenues of $2.19 billion, down 36.8% year on year and missing analyst estimates by 21.4%, the weakest performance among six tracked reinsurance stocks. The group as a whole saw revenues miss consensus by 1.4%, though share prices have risen an average of 10.4% since reporting. Hamilton Insurance Group posted the biggest beat with revenues of $758.9 million, topping expectations by 14.1%, while Reinsurance Group of America achieved the fastest revenue growth at 24.3% to $6.64 billion. AXIS Capital and Everest Group both fell short of analyst forecasts, with revenues of $1.67 billion and $4.07 billion respectively.
Three Value Stocks That Fall Short, According to StockStory
StockStory identifies Salesforce, Reinsurance Group of America, and Kroger as value stocks with weak support. Salesforce's average billings growth of 10.5% over the last year underwhelmed, and Wall Street estimates tepid 10% growth ahead. Reinsurance Group of America saw net premiums earned expand only 2.1% annually over two years, with earnings per share growth trailing revenue gains and a projected 3.3% decline in book value per share. Kroger's earnings per share fell 20.9% annually over three years, reflecting less profitable sales despite a 23.9% gross margin.
RGA Appoints Former Aviva CEO Maurice Tulloch as Independent Director
Reinsurance Group of America has appointed former Aviva Group CEO Maurice Tulloch as an independent director, expanding its board to thirteen members. The move adds deep global insurance and financial oversight experience to RGA's leadership. It follows other recent executive changes, including the appointment of insider Laura Cockrill as CFO, as the company continues to show positive operational momentum. The boardroom refresh comes amid a focus on execution in high-growth markets and managing U.S. life and healthcare claims volatility.
Reinsurance Group of America stock screens as mixed value despite 111.9% five-year return
Reinsurance Group of America has delivered a 111.9% total return over the past five years, yet current valuation checks still frame the stock as a mixed-value proposition rather than a clear bargain or an obvious stretch. The stock trades at about 11.5 times earnings, slightly below the Insurance industry average of roughly 12.1 times but well above the peer group average of about 6.1 times. A Fair Ratio model estimates a tailored price-to-earnings multiple of around 14.0 times for the company, indicating potential upside on this measure. On balance, the shares screen as undervalued on their current price-to-earnings multiple relative to the Fair Ratio, but broader checks point to a mixed setup. The market already prices in some benefit from earnings momentum and pension risk transfer activity, leaving the key question of whether the company can deliver on capital deployment and underwriting discipline strongly enough to turn the current discount into a genuine opportunity.
Kinsale Capital Group Named Insurance Stock to Own, Prudential and Reinsurance Group of America to Avoid
StockStory identified Kinsale Capital Group as an insurance stock to own for decades, while recommending investors avoid Prudential and Reinsurance Group of America. Kinsale, which specializes in hard-to-place risks, grew net premiums earned by 18.8% annually over the last two years and earnings per share by 42.9% annually over five years, with book value per share up 30.2% annually over two years. Prudential saw stagnant net premiums earned over five years and a 9% annual decline in book value per share, with a high net-debt-to-EBITDA ratio of 5×. Reinsurance Group of America posted only 2.1% annual net premium growth over two years and a projected 3.3% decline in book value per share over the next 12 months.
RGA Outperforms Industry, Trades at a Discount: Time to Hold?
Reinsurance Group of America shares have gained 8.4% in the past month, outperforming the industry's 7.9% growth. The rally was driven by strong first-quarter 2026 earnings, favorable mortality experience, growing pension risk transfer business, higher investment income, and an attractive valuation. The Zacks average price target of $254.38 suggests a potential 18.2% upside from the last closing price. RGA trades at a forward price-to-book value of 1.05, a discount to the industry average of 2.18, and carries a Value Score of A. The Zacks Consensus Estimate for 2026 earnings per share indicates an 18.3% year-over-year increase, with revenues pegged at $26.89 billion, up 12.3%. However, higher expenses, currency exposure, and regulatory changes remain risks, leading to a Zacks Rank #3, or Hold, recommendation.
The International Insurance Society has announced the RGA Leaders of Tomorrow class of 2026, a global group of emerging insurance executives, with select participants set to share insights at the 62nd Global Insurance Forum in London this November. The program, sponsored by Reinsurance Group of America as Gold Partner, pairs mentees with senior executive mentors to address strategic issues and foster peer collaboration. Mentees conduct research and present original papers, with one outstanding participant receiving the RGA Leaders of Tomorrow Award and others featured on a next-generation leadership panel. The 2026 Global Insurance Forum, themed Turning Volatility Into Value, will also include sessions on CEO strategy, AI at scale, capital playbooks, pension risk transfer, and innovation awards.
TPG has appointed Axel André as its new Partner and Chief Financial Officer, effective July 27, 2026. André succeeds Jack Weingart, who will now focus full-time on leading TPG's Global Wealth Solutions business as its CEO. André joins from Reinsurance Group of America, where he served as Executive Vice President and CFO, and previously held CFO roles at American Equity Life, Jackson National, and AIG's retirement services division. TPG manages $306 billion in assets and has been expanding its wealth platform, with Weingart set to build on the early success of the firm's private equity evergreen business, T-POP.
Laura Cockrill Named Chief Financial Officer at Reinsurance Group of America
Reinsurance Group of America has appointed Laura Cockrill as Chief Financial Officer, effective immediately. She succeeds Axel André, who departs on July 17 to pursue a new opportunity. Cockrill most recently served as Chief Strategy Officer and has spent more than 25 years with the company in roles including Deputy CFO and CFO for the Americas region. She will continue as a member of RGA's Executive Committee.
Reinsurance stocks post strong Q1 but revenues miss estimates by 1.4%
The six reinsurance stocks tracked by StockStory reported a strong first quarter, though as a group revenues missed analysts' consensus estimates by 1.4%. Everest Group posted revenues of $4.07 billion, down 4.6% year on year and 5.5% below expectations, while Hamilton Insurance Group outperformed with revenues of $758.9 million, beating estimates by 14.1%. AXIS Capital reported $1.67 billion in revenues, up 7.7% but 3.1% short of estimates, and Reinsurance Group of America delivered $6.64 billion, up 24.3% and 3.1% above expectations. Pelagos Insurance recorded $610.6 million in revenues, down 7.3% but 4.7% ahead of estimates. On average, share prices of the companies have held relatively steady since the latest earnings results.