Reinsurance Group (RGA) Tops Q3 Earnings and Revenue Estimates

Core Insights - Reinsurance Group (RGA) reported quarterly earnings of $6.37 per share, exceeding the Zacks Consensus Estimate of $5.8 per share, and showing an increase from $6.13 per share a year ago, resulting in an earnings surprise of +9.83% [1] - The company generated revenues of $6.19 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.95% and up from $5.73 billion year-over-year [2] - RGA's stock has underperformed the market, losing about 11.2% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $5.52 on revenues of $6.33 billion, while for the current fiscal year, the estimate is $21.77 on revenues of $23.46 billion [7] - The estimate revisions trend for RGA was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Insurance - Life Insurance industry, to which RGA belongs, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Brighthouse Financial (BHF), is expected to report quarterly earnings of $5.09 per share, reflecting a year-over-year change of +27.6% [9]