Reinsurance Group of America, Incorporated filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 6, 2026, reporting third-quarter net income available to shareholders of $456 million and total assets of $169.520 billion.

Key Highlights

  • Net income available to shareholders: $456 million for the three months ended September 30, 2026, compared to $253 million for the same period in 2025.
  • Diluted earnings per share: $6.92 for Q3 2026, up from $3.81 in Q3 2025; nine-month diluted EPS was $18.91 versus $10.78 a year earlier.
  • Total revenues: $7.550 billion for the three months ended September 30, 2026, compared to $6.204 billion in the prior-year quarter.
  • Total assets: $169.520 billion as of September 30, 2026, up from $156.590 billion as of December 31, 2025.
  • Accumulated other comprehensive loss: $(40) million as of September 30, 2026, a shift from accumulated other comprehensive income of $2.682 billion at December 31, 2025, driven by net unrealized investment losses of $(6.194) billion for the nine months ended September 30, 2026.
  • Shares outstanding: 65,049,910 shares of common stock as of October 26, 2026, with 20,267,585 treasury shares held at cost of $(2.179) billion.
  • Quarterly dividend: $0.98 per share paid to shareholders during the three months ended September 30, 2026.

Reinsurance Group of America Q3 2026 Financial Results and Balance Sheet Position

According to the filing, Reinsurance Group of America (NYSE:RGA) reported net premiums of $5.352 billion for the three months ended September 30, 2026, compared to $4.280 billion in the same quarter of 2025. Net investment income rose to $1.934 billion from $1.475 billion a year earlier. Total benefits and expenses for the quarter were $6.926 billion, resulting in income before income taxes of $624 million, against $320 million in Q3 2025. The provision for income taxes was $167 million for the quarter.

For the nine months ended September 30, 2026, the registrant disclosed net income available to RGA, Inc. shareholders of $1.248 billion, compared to $719 million for the same period in 2025. Total revenues for the nine-month period were $20.681 billion versus $17.063 billion a year earlier. Total benefits and expenses were $19.011 billion for the nine months ended September 30, 2026. Net investment income for the nine-month period was $5.499 billion, compared to $4.115 billion in the prior-year period.

The condensed consolidated balance sheet as of September 30, 2026 showed total investments of $137.767 billion, up from $130.481 billion at December 31, 2025. Fixed maturity securities available-for-sale were carried at fair value of $107.757 billion, against an amortized cost of $121.126 billion. Total liabilities were $157.794 billion, including future policy benefits of $71.288 billion and interest-sensitive contract liabilities of $58.993 billion. Long-term debt stood at $5.310 billion. Total RGA, Inc. shareholders' equity was $11.636 billion as of September 30, 2026, compared to $13.461 billion at December 31, 2025. The company also reported a share repurchase program charge of $(75) million during the three months ended September 30, 2026.

What Was Disclosed

Reinsurance Group of America filed its quarterly report covering the period ended September 30, 2026, disclosing financial statements, segment data, investment details, and equity activity. The filing reported higher year-over-year revenues and net income alongside a significant decline in accumulated other comprehensive income due to unrealized investment losses.