Reinsurance Group of America posts strong Q3 2026 earnings and raises EPS outlook

Reinsurance Group of America reported third‑quarter 2026 net income of $6.92 per diluted share and adjusted operating income of $8.49 per diluted share. Revenue rose 20.8% year‑on‑year to $7.55 billion and net premiums earned increased 25% to $5.35 billion. The company returned $139 million to shareholders via $75 million of share repurchases and $64 million of dividends, and set an 8%‑10% EPS growth target for the coming year.

The earnings beat and higher‑than‑expected premiums suggest stronger underwriting and investment performance, which may support the announced share‑repurchase and dividend payouts. The new 8%‑10% EPS growth target signals management’s confidence in continued earnings expansion, a factor analysts may incorporate into valuation models.

  • 1Net income available to shareholders was $6.92 per diluted share, up from $3.81 a year earlier.
  • 2Adjusted operating income was $8.49 per diluted share, compared with $4.66 per diluted share in the prior‑year quarter.
  • 3The company returned $139 million to shareholders, including $75 million in share repurchases and $64 million in dividends.
  • 4Revenue for the quarter was $7.55 billion, a 20.8% year‑on‑year increase.
  • 5Net premiums earned were $5.35 billion, up 25% year‑on‑year and beating consensus of $4.63 billion.
  • 6Management set an EPS growth target of 8% to 10% for the next period.

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