Reinsurance Group of America reports profit growth in Q4 2025

Core Insights - Reinsurance Group of America (RGA) reported a significant increase in net income for Q4 2025, reaching $463 million, compared to $148 million in Q4 2024, indicating strong financial performance [1] - Earnings per diluted share rose to $6.97 in Q4 2025 from $2.22 in the same quarter of the previous year, reflecting improved profitability [1] - For the full year 2025, net income available to shareholders was $1.18 billion, a 64.9% increase from $717 million in 2024, showcasing robust annual growth [4] Financial Performance - Adjusted operating income for Q4 2025 was $515 million, up from $334 million in Q4 2024, demonstrating operational efficiency [1] - Total net premiums for Q4 2025 were $4.8 billion, a 15% increase from the previous year's fourth quarter, with a positive foreign currency impact of $42 million [2] - The US Financial Solutions business contributed approximately $200 million to net premiums from single premium pension risk transfer transactions, compared to around $150 million in the prior year [2] Segment Contributions - By segment, net premiums in Q4 2025 included $2.1 billion from the US and Latin America, $347 million from Canada, $583 million from EMEA, and $862 million from Asia Pacific [2] - RGA's president and CEO highlighted the strong contributions from most business segments, emphasizing the strength and diversity of the company's global platform [3] Strategic Outlook - The company is tracking at or ahead of its intermediate-term financial targets since the beginning of its strategy cycle in 2023, indicating confidence in meeting established goals [4] - RGA's board approved a share repurchase program authorizing buybacks of up to $500 million of the company's common stock, reflecting a commitment to returning value to shareholders [5] - The CEO expressed optimism for continued success, citing a strong balance sheet and favorable business conditions [6]