Core Insights - Reinsurance Group of America (RGA) reported third-quarter 2025 adjusted operating earnings of $6.37 per share, exceeding the Zacks Consensus Estimate by 9.8% and reflecting a 3.9% increase year over year [1][10] - The company's operating revenues reached $6.2 billion, surpassing estimates by 0.9% and showing an 8% year-over-year growth driven by higher net investment income and other revenues [2][10] Financial Performance - Net premiums totaled $4.3 billion, a decline of 2.5% year over year, while investment income rose 24% to $1.5 billion [3] - Total benefits and expenses increased by 8.2% year over year to $5.9 billion, attributed to higher claims, policy benefits, and operating expenses [4] Segment Performance - U.S. and Latin America segment reported a pre-tax adjusted operating income of $236 million, up 48.4% year over year, with the Traditional segment's income increasing by 72% to $136 million [5] - The Financial Solutions segment's pre-tax adjusted operating income rose 25% to $100 million, benefiting from the Equitable transaction [6] - Asia/Pacific segment's pre-tax adjusted operating income surged nearly threefold to $209 million, offsetting losses in EMEA [11] EMEA and Corporate Performance - EMEA segment experienced a pre-tax adjusted operating loss of $52 million, contrasting with a profit of $68 million in the previous year [8] - Corporate and Other segment reported a wider pre-tax adjusted operating loss of $58 million, primarily due to lower variable investment income and higher expenses [13] Financial Metrics - As of September 30, 2025, RGA's total assets amounted to $152 billion, a 26.4% increase year over year, with a book value per share of $158.67, up 6% [14] - The adjusted operating return on equity was 13.2%, a contraction of 60 basis points year over year [14] Capital Deployment - RGA deployed $1.7 billion into in-force block transactions, including $1.5 billion into Equitable Holdings, and repurchased shares worth $75 million [15] - A quarterly dividend of 93 cents was declared, to be paid on November 25, 2025 [15]

Core Insights - First American Financial Corporation (FAF) reported a third-quarter 2025 operating income per share of $1.70, exceeding the Zacks Consensus Estimate by 19.7% and reflecting a year-over-year increase of 26.8% [1][8] - The quarterly results were driven by higher premiums, improved net investment income, expanded pretax margin, and a declining claim loss rate [1][8] Financial Performance - Operating revenues reached $1.9 billion, marking a 40.7% year-over-year increase, attributed to higher direct premiums, escrow fees, and improved net investment income, surpassing the Zacks Consensus Estimate by 6.8% [2][8] - Investment income for the quarter was $163.8 million, up 11.7% year over year, exceeding the estimate of $146.6 million [2] - Total expenses rose 11.7% to $1.7 billion, compared to the estimate of $1.6 billion [2] Segment Results - Title Insurance and Services segment saw total revenues increase by 42% year over year to $1.8 billion, driven by higher direct premiums and escrow fees [3] - Investment income in this segment was $153.1 million, reflecting a 12.1% year-over-year increase, primarily due to higher interest income from the investment portfolio [3] - Home Warranty segment revenues increased by 3.3% to $114.6 million, with pretax income rising 80% year over year [5] Operational Metrics - Adjusted pretax margin expanded by 130 basis points to 12.9% [4] - Title open orders increased by 15.2% to 191,300, while title closed orders rose by 16.6% to 141,800 [4] - Average revenue per direct title order increased by 22% to $16,100 [4] Corporate Financials - The company ended the quarter with cash and cash equivalents of $2.91 billion, a 69.4% increase from the end of 2024 [7] - Stockholders' equity rose by 8% to $5.3 billion, with a debt-to-capital ratio of 33% [7] - Cash flow from operations was $273 million, up 15.2% year over year [7] Dividend Announcement - The board of directors raised the dividend by 2 cents to $2.20 per share, declaring a dividend of 55 cents for the third quarter [9]