Reinsurance Group of America, Incorporated (RGA)

RGA's stock price has been impacted by several events in the past six months. RGA reported record fourth-quarter 2025 results, significantly exceeding analyst expectations, leading to a stock surge. RGA reported Q3 CY2025 results where revenue topped market expectations, but the stock dropped due to weaker underlying trends. Barclays updated its 2026 outlook on life insurers and lowered its price target on RGA. RGA, along with SKB, acquired a 513,275 square foot industrial portfolio in Portland, which saw a mild negative market reaction.

There is no explicit information indicating significant demand seasonality for Reinsurance Group of America's products and services. The company's annualized revenue growth has been strong and recently accelerated, suggesting consistent demand. Net premiums earned constitute the largest and most reliable source of RGA's revenue, while investment and fee income are considered more volatile and fluctuate with market conditions. This suggests that the core reinsurance business experiences steady demand rather than pronounced seasonal peaks or troughs.

Reinsurance Group of America, Inc. (RGA) is a global holding company specializing in life and health reinsurance, headquartered in Chesterfield, Missouri. The company operates within the Financial Services sector, specifically in the Insurance - Reinsurance industry. RGA focuses primarily on life and health-related reinsurance, managing approximately $3.9 trillion of life reinsurance in force and holding assets of $118.7 billion as of December 31, 2024. RGA's services include life and health reinsurance, living benefits reinsurance, financial solutions, underwriting, product development, longevity risk transfer, and technology solutions.

RGA has a significant global presence, operating in 25 markets across various regions. Its geographic segments include the U.S. and Latin America, Canada, Europe, Middle East, and Africa (EMEA), and Asia Pacific.

RGA has maintained a strong brand reputation over the past year. In 2024, RGA was rated #1 for the 14th consecutive year on NMG Consulting's Global All Respondents Business Capability Index and was recognized on Fortune's 'World's Most Admired Companies' list. RGA Reinsurance Company receives high ratings for its claims-paying ability. RGA launched the Aspire health insurance administration platform in the UAE in November 2024. In November 2025, RGA released a new study quantifying the potential impact of GLP-1s, which saw a minor negative reaction in the stock. In January 2026, RGA reached an unprecedented milestone of four million U.S. individual life insurance cases reviewed by its underwriting team.

As of July 28, 2025, Reinsurance Group of America's ownership is largely concentrated among institutional investors, who hold 83.55% of the shares. Individual investors account for a smaller portion, at 0.31% of the total ownership. Shareholders are predominantly from the United States, representing 84.02% of the total. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and FMR LLC. Insider ownership is typically under 2%, limiting concentrated managerial control.