Key Points – RGA posted a strong Q1 2026, with pre-tax adjusted operating income of $611 million and adjusted operating ROE of 16.2%.
Management said the quarter benefited from broad-based strength across Asia Pacific, EMEA and the U.S. – Claims experience was notably favorable, with economic claims experience of $117 million positive across all regions
Management said this reinforces confidence in its mortality assumptions, while noting some of the benefit will be deferred to future periods. – Capital deployment remains active and selective, including $338 million deployed into in-force transactions and $50 million in share buybacks. RGA ended the quarter with $2.4 billion in excess capital and plans to prioritize high-quality opportunities and shareholder returns. – Despite Downturns, Analysts Say These 4 Financial Stocks Are Buys Reinsurance Group of America (NYSE:RGA) reported a strong first quarter of 2026, with management pointing to broad-based earnings strength across regions, favorable claims experience and continued capital deployment into new business opportunities. On the company’s earnings call, President and Chief Executive Officer Tony Cheng said the quarter reflected “disciplined execution, strong underlying fundamentals, and the benefits of the diversified global platform” RGA has built.
Cheng said performance was strong across many regions and products, with Asia Pacific, EMEA and the U.S. all contributing to results. – 3 Stocks Generating a Ridiculous Amount of Cash Chief Financial Officer Axel André said RGA generated pre-tax adjusted operating income of $611 million for the quarter, or $6.97 per share after tax. Adjusted operating return on equity, excluding notable items, was 16.2% for the trailing 12 months. André said management views first-quarter run-rate earnings per share at approximately $6.70 after considering claims experience, variable investment income and other items.