California Public Employees Retirement System decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA – Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,725 shares of the insurance provider’s stock after selling 16,562 shares during the quarter. California Public Employees Retirement System owned 0.24% of Reinsurance Group of America worth $32,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of RGA. Activest Wealth Management purchased a new position in shares of Reinsurance Group of America during the fourth quarter worth approximately $30,000. Tobam boosted its stake in shares of Reinsurance Group of America by 244.7% in the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Reinsurance Group of America during the 4th quarter valued at $35,000. Entrust Financial LLC bought a new position in shares of Reinsurance Group of America during the 4th quarter valued at $40,000. Finally, Advisory Services Network LLC purchased a new position in Reinsurance Group of America in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.
Insider Buying and Selling In related news, EVP John W. Hayden sold 414 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the completion of the transaction, the executive vice president owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value of $1,474,060.00. Following the transaction, the executive vice president owned 3,938 shares of the company’s stock, valued at $829,264.04. The trade was a 64.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.
Reinsurance Group of America Stock Down 0.8% Shares of NYSE:RGA opened at $238.97 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $15.65 billion, a PE ratio of 12.95 and a beta of 0.47. The stock’s 50-day moving average is $215.17 and its 200 day moving average is $210.18. Reinsurance Group of America, Incorporated has a 1 year low of $165.52 and a 1 year high of $245.00.
Reinsurance Group of America (NYSE:RGA – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping the consensus estimate of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period last year, the business posted $5.66 earnings per share. Reinsurance Group of America’s quarterly revenue was up 23.5% compared to the same quarter last year. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 26.86 EPS for the current year.
Reinsurance Group of America Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.15%.
Analyst Upgrades and Downgrades RGA has been the subject of several recent research reports. UBS Group boosted their price target on shares of Reinsurance Group of America from $220.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $261.00 to $269.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Evercore reiterated an “outperform” rating and issued a $267.00 price objective on shares of Reinsurance Group of America in a report on Monday, May 18th. Piper Sandler lowered their target price on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $257.50.
Get Our Latest Stock Analysis on Reinsurance Group of America
Reinsurance Group of America Profile (Free Report)
Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.
RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.
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ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release second quarter earnings on Thursday, August 6, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA's website, www.rgare.com.RGA will host a conference call to discuss the second quarter results beginning at 10 a.m. Eastern Time on Friday, August 7. Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 inter.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Reinsurance Group (RGA - Free Report) . This company, which is in the Zacks Insurance - Life Insurance industry, shows potential for another earnings beat.
This reinsurance company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 22.43%.
For the most recent quarter, Reinsurance Group was expected to post earnings of $6.19 per share, but it reported $6.97 per share instead, representing a surprise of 12.60%. For the previous quarter, the consensus estimate was $5.86 per share, while it actually produced $7.75 per share, a surprise of 32.25%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Reinsurance Group lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Reinsurance Group currently has an Earnings ESP of +0.42%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Chubb?Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Chubb (CB - Free Report) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $7.02 a share, just 14 days from its upcoming earnings release on July 21, 2026.
Chubb's Earnings ESP sits at +6.72%, which, as explained above, is calculated by taking the percentage difference between the $7.02 Most Accurate Estimate and the Zacks Consensus Estimate of $6.58. CB is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
CB is part of a big group of Finance stocks that boast a positive ESP, and investors may want to take a look at Reinsurance Group (RGA - Free Report) as well.
Reinsurance Group, which is readying to report earnings on July 30, 2026, sits at a Zacks Rank #3 (Hold) right now. Its Most Accurate Estimate is currently $6.55 a share, and RGA is 23 days out from its next earnings report.
The Zacks Consensus Estimate for Reinsurance Group is $6.52, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +0.42%.
CB and RGA's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Maurice Tulloch has been appointed to the company's Board of Directors, effective July 1, 2026.“Maurice brings a forward-looking view of the insurance industry, paired with broad, hands-on experience leading global businesses,” said Tony Cheng, President and Chief Executive Officer, RGA. “His combination of operational expertise and global insight,.
Key Takeaways RGA benefits from favorable mortality trends and growing demand for pension risk transfer solutions.Canada operations and longevity insurance provide diversified earnings and support long-term growth.Reinsurance Group maintains capital flexibility through buybacks, dividends and investments to fund growth. Shares of Reinsurance Group of America, Incorporated (RGA - Free Report) have gained 8.4% in the past month compared with the industry’s growth of 7.9%
RGA's recent rally has been driven by first-quarter 2026 strong earnings, favorable mortality experience, growing pension risk transfer business, higher investment income and its still-attractive valuation, which have strengthened investor sentiment.
Image Source: Zacks Investment Research
Shares of Manulife Financial Corp. (MFC - Free Report) , Voya Financial, Inc. (VOYA - Free Report) and Sun Life Financial Inc. (SLF - Free Report) have gained 5.5%, 12.2% and 8.5%, respectively, in the past month.
RGA’s Average Target Price Suggests UpsideBased on short-term price targets offered by eight analysts, the Zacks average price target is $254.38 per share. The average suggests a potential 18.2% upside from the last closing price.
Image Source: Zacks Investment Research
RGA’s Attractive ValuationShares of RGA are trading at a discount to the industry. Its forward price-to-book value of 1.05X is lower than the industry average of 2.18X, the Finance sector’s 4.53X, and the Zacks S&P 500 Composite’s 7.92X. The life insurer has a Value Score of A.
Image Source: Zacks Investment Research
Shares of Manulife Financial and Voya Financial are also trading at a discount, whereas Sun Life Financial is trading at a premium to the industry average.
RGA’s Growth Projection EncouragesThe Zacks Consensus Estimate for Reinsurance Group’s 2026 earnings per share (EPS) indicates a year-over-year increase of 18.3%. The consensus estimate for revenues is pegged at $26.89 billion, implying a year-over-year improvement of 12.3%.
The consensus estimate for 2027 EPS and revenues indicates an increase of 6.6% and 6.5%, respectively, from the corresponding 2026 estimates.
Earnings have grown 26.7% over the past five years, outpacing the industry average of 5.9%.
The Zacks Consensus Estimate for 2026 and 2027 has moved 2.3% and 0.8% north, respectively, over the last 60 days.
Key Points to Note for RGAReinsurance Group is a leader in the traditional United States and Latin American markets. It has successfully expanded its product line with market-leading services, capabilities, expertise and innovation. Individual mortality has matured, providing a base for stable earnings and capital generation. RGA continues to benefit from favorable mortality trends, particularly in its U.S. individual life business, which has improved underwriting profitability. The significant value embedded in the in-force business is anticipated to generate predictable long-term earnings.
In Canada, Reinsurance Group is a market leader with solid growth and profitability. It has a sizable block of in-force business, which is a significant source of future earnings. Reinsurance Group expects longevity insurance, which is projected to witness steady demand, to experience long-term growth in the Canadian market. While longevity insurance provides a diversified income source, it also acts as a hedge against the company’s large mortality position.
RGA continues to capitalize on robust demand for financial solutions. The company continues to benefit from increasing demand for pension risk transfer transactions, which has become an important long-term growth driver. Its combination of biometric underwriting expertise and asset management capabilities differentiates it from its peers and allows it to capture complex, higher-return transactions.
The company’s net investment income has been improving over the years. It witnessed a CAGR of 17.7% over the five years (2020-2025). Investment income remains supportive as new money yields continue to exceed the existing portfolio yield, improving book yields over time. Management expects variable investment income to be 7% during 2026 despite a subdued real estate environment.
RGA has also been managing capital effectively via share buybacks, dividend payments and prudent investments. As of March 31, 2026, excess capital stood at $2.4 billion, while deployable capital over the next 12 months reached $2.9 billion, providing ample flexibility to fund growth opportunities. RGA expects to return 20-30% of after-tax operating earnings to shareholders over the long term while reducing financial leverage during 2026.
Risks for RGAHigher total benefits and expenses remain concerns for RGA. In the first quarter of 2026, it increased 23.8% year over year to $6.1 billion due to higher claims and other policy benefits, interest credited, policy acquisition costs and other insurance expenses, which is weighing on margin expansion.
Reinsurance Group, being a multinational company, is exposed to foreign currency risk since exchange rates may be subject to adverse changes over time.
New regulations, including evolving capital and reinsurance requirements in the United States and the U.K., could increase compliance costs or reduce transaction economics.
ConclusionFavorable mortality experience, strong momentum in financial solutions, a diversified business, disciplined capital deployment and improving investment income should continue to favor RGA over the long term. However, higher expenses, currency exposure and regulatory changes remain risks.
Coupled with solid growth projections, attractive valuations and solid capital position, it is, therefore, wise to retain this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +24% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Reinsurance Group (RGA - Free Report) Formed in 1992 in Timberlake, MO, Reinsurance Group of America Inc. is a leading global provider of traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia.
RGA is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Finance stock. RGA has a Momentum Style Score of A, and shares are up 0.5% over the past four weeks.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.61 to $26.88 per share. RGA boasts an average earnings surprise of +9.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, RGA should be on investors' short list.
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Laura Cockrill has been named Chief Financial Officer, effective immediately. She succeeds Axel André, who will leave the company on July 17 to pursue a new opportunity. Most recently, Ms. Cockrill served as Chief Strategy Officer and as a member of RGA’s Executive Committee.
“During her more than 25 years with RGA, Laura has excelled in positions of increasing responsibility across the finance organization and the company more broadly,” said Tony Cheng, President and Chief Executive Officer, RGA. “She has played a pivotal role in shaping and advancing our enterprise strategy and long-term growth priorities. Laura is a proven leader who brings an unmatched understanding of our business, and I look forward to continuing to work closely with her to achieve our financial objectives and create long-term value for our shareholders. I would also like to thank Axel for his numerous contributions during his tenure and wish him all the best as he embarks on this exciting new chapter.”
Prior to her current role, Ms. Cockrill served as the organization’s Deputy Chief Financial Officer, and before that, as Chief Financial Officer for the Americas region. During her career with the company, she has held a wide range of finance roles, giving her deep expertise across business, capital, collateral, investments, treasury, and financial planning and analysis. She will remain a member of RGA’s Executive Committee.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus, all directed toward creating sustainable long-term value. RGA has approximately $4.3 trillion of life reinsurance in force and total assets of $164.1 billion as of March 31, 2026. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at investor.rgare.com.
More News From Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Laura Cockrill has been named Chief Financial Officer, effective immediately. She succeeds Axel André, who will leave the company on July 17 to pursue a new opportunity. Most recently, Ms. Cockrill served as Chief Strategy Officer and as a member of RGA’s Executive Committee.
“During her more than 25 years with RGA, Laura has excelled in positions of increasing responsibility across the finance organization and the company more broadly,” said Tony Cheng, President and Chief Executive Officer, RGA. “She has played a pivotal role in shaping and advancing our enterprise strategy and long-term growth priorities. Laura is a proven leader who brings an unmatched understanding of our business, and I look forward to continuing to work closely with her to achieve our financial objectives and create long-term value for our shareholders. I would also like to thank Axel for his numerous contributions during his tenure and wish him all the best as he embarks on this exciting new chapter.”
Prior to her current role, Ms. Cockrill served as the organization’s Deputy Chief Financial Officer, and before that, as Chief Financial Officer for the Americas region. During her career with the company, she has held a wide range of finance roles, giving her deep expertise across business, capital, collateral, investments, treasury, and financial planning and analysis. She will remain a member of RGA’s Executive Committee.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus, all directed toward creating sustainable long-term value. RGA has approximately $4.3 trillion of life reinsurance in force and total assets of $164.1 billion as of March 31, 2026. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at investor.rgare.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260622488200/en/
Reinsurance Group of America, Incorporated is a global leader in life and health reinsurance with $4.3 trillion in force and $157 billion in assets. Focus is on RGA's baby bond NT CAL 52, offering a 7.125% coupon, callable or resettable in October 2027, and currently trading just above par. We like this one, and it offers a lower-risk play today.
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release first quarter earnings on Thursday, May 7, at approximately 4:15 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA's website, www.rgare.com. RGA will host a conference call to discuss the first quarter results beginning at 10 a.m. Eastern Time on Friday, May 8. Interested parties may access the call by dialing 1-844-481-2753 (412-317-0669 internation.
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is Reinsurance Group of America (RGA - Free Report) . RGA is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 7.54. This compares to its industry's average Forward P/E of 8.55. Over the last 12 months, RGA's Forward P/E has been as high as 10.24 and as low as 7.17, with a median of 8.48.
Another valuation metric that we should highlight is RGA's P/B ratio of 1.02. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.96. RGA's P/B has been as high as 1.47 and as low as 0.96, with a median of 1.18, over the past year.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. RGA has a P/S ratio of 0.58. This compares to its industry's average P/S of 0.76.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Reinsurance Group of America is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, RGA feels like a great value stock at the moment.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
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Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Reinsurance Group (RGA - Free Report) Formed in 1992 in Timberlake, MO, Reinsurance Group of America Inc. is a leading global provider of traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia.
RGA is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Finance stock. RGA has a Momentum Style Score of B, and shares are up 1.8% over the past four weeks.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.57 to $26.34 per share. RGA boasts an average earnings surprise of +8.2%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, RGA should be on investors' short list.
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Reinsurance Group of America (RGA - Free Report) . RGA is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 7.54, which compares to its industry's average of 9.17. Over the past 52 weeks, RGA's Forward P/E has been as high as 10.24 and as low as 7.17, with a median of 8.48.
We should also highlight that RGA has a P/B ratio of 1.02. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.08. RGA's P/B has been as high as 1.47 and as low as 0.96, with a median of 1.18, over the past year.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. RGA has a P/S ratio of 0.58. This compares to its industry's average P/S of 0.83.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Reinsurance Group of America is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, RGA feels like a great value stock at the moment.
Wall Street expects a year-over-year increase in earnings on higher revenues when Reinsurance Group (RGA - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis reinsurance company is expected to post quarterly earnings of $6.19 per share in its upcoming report, which represents a year-over-year change of +9.4%.
Revenues are expected to be $6.42 billion, up 20.3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.47% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Reinsurance Group?For Reinsurance Group, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.07%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Reinsurance Group will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Reinsurance Group would post earnings of $5.86 per share when it actually produced earnings of $7.75, delivering a surprise of +32.25%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Reinsurance Group doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA) (the “Company”) announced today that a notice of redemption will be issued to the holders of all of its outstanding $400 million aggregate principal amount 5.75% Fixed-to-Floating Rate Subordinated Debentures due 2056 (CUSIP No. 759351 802 and ISIN US7593518027) (the “2056 Debentures”) in accordance with the terms of the indenture governing the 2056 Debentures. The 2056 Debentures are listed on the New York Stock.
Wall Street analysts expect Reinsurance Group (RGA - Free Report) to post quarterly earnings of $6.19 per share in its upcoming report, which indicates a year-over-year increase of 9.4%. Revenues are expected to be $6.42 billion, up 20.3% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Reinsurance Group metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Net investment income' will reach $1.58 billion. The estimate indicates a change of +28.5% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Other revenues' at $326.38 million. The estimate suggests a change of +270.9% year over year.
The combined assessment of analysts suggests that 'Revenues- Net premiums' will likely reach $4.48 billion. The estimate indicates a change of +11.6% from the prior-year quarter.
Analysts' assessment points toward 'Pre-tax adjusted operating income (loss)- U.S. and Latin America Traditional' reaching $117.78 million. The estimate is in contrast to the year-ago figure of $140.00 million.
The collective assessment of analysts points to an estimated 'Pre-tax adjusted operating income (loss)- Total U.S. and Latin America' of $227.20 million. Compared to the current estimate, the company reported $207.00 million in the same quarter of the previous year.
Analysts expect 'Pre-tax adjusted operating income (loss)- Canada Traditional' to come in at $35.15 million. The estimate compares to the year-ago value of $32.00 million.
It is projected by analysts that the 'Pre-tax adjusted operating income (loss)- Canada Financial Solutions' will reach $9.16 million. The estimate is in contrast to the year-ago figure of $11.00 million.
Based on the collective assessment of analysts, 'Pre-tax adjusted operating income (loss)- Total Canada' should arrive at $44.32 million. The estimate is in contrast to the year-ago figure of $43.00 million.
Analysts predict that the 'Pre-tax adjusted operating income (loss)- EMEA Traditional' will reach $28.17 million. Compared to the present estimate, the company reported $50.00 million in the same quarter last year.
The consensus estimate for 'Pre-tax adjusted operating income (loss)- U.S. and Latin America Financial Solutions' stands at $109.42 million. The estimate is in contrast to the year-ago figure of $67.00 million.
Analysts forecast 'Pre-tax adjusted operating income (loss)- Total EMEA' to reach $134.31 million. Compared to the current estimate, the company reported $140.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Pre-tax adjusted operating income (loss)- Asia Pacific Traditional' should come in at $94.85 million. Compared to the current estimate, the company reported $106.00 million in the same quarter of the previous year.
View all Key Company Metrics for Reinsurance Group here>>>
Over the past month, shares of Reinsurance Group have returned +2.5% versus the Zacks S&P 500 composite's +10.3% change. Currently, RGA carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life and health reinsurance, reported first quarter net income available to RGA shareholders of $330 million, or $4.98 per diluted share, compared with $286 million, or $4.27 per diluted share, in the prior-year quarter. Adjusted operating income for the first quarter totaled $462 million, or $6.97 per diluted share, compared with $379 million, or $5.66 per diluted share, the year be.
Reinsurance Group (RGA - Free Report) came out with quarterly earnings of $6.97 per share, beating the Zacks Consensus Estimate of $6.19 per share. This compares to earnings of $5.66 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +12.53%. A quarter ago, it was expected that this reinsurance company would post earnings of $5.86 per share when it actually produced earnings of $7.75, delivering a surprise of +32.25%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Reinsurance Group, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $6.66 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.78%. This compares to year-ago revenues of $5.34 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Reinsurance Group shares have added about 5.5% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for Reinsurance Group?While Reinsurance Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Reinsurance Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.61 on $6.63 billion in revenues for the coming quarter and $26.27 on $26.6 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Life Insurance is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Finance sector, Citizens & Northern (CZNC - Free Report) , has yet to report results for the quarter ended March 2026.
This bank is expected to post quarterly earnings of $0.58 per share in its upcoming report, which represents a year-over-year change of +41.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Citizens & Northern's revenues are expected to be $36.8 million, up 35.3% from the year-ago quarter.
For the quarter ended March 2026, Reinsurance Group (RGA - Free Report) reported revenue of $6.66 billion, up 24.8% over the same period last year. EPS came in at $6.97, compared to $5.66 in the year-ago quarter.
The reported revenue represents a surprise of +3.78% over the Zacks Consensus Estimate of $6.42 billion. With the consensus EPS estimate being $6.19, the EPS surprise was +12.53%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Reinsurance Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net premiums- U.S. and Latin America- Financial Solutions: $320 million versus the three-analyst average estimate of $257.26 million.Net investment income- U.S. and Latin America- Traditional: $288 million versus $296.43 million estimated by three analysts on average.Net premiums- U.S. and Latin America- Traditional: $1.93 billion versus the three-analyst average estimate of $2 billion.Other Revenues- Corporate and Other: $29 million versus the three-analyst average estimate of $19.08 million.Net investment income- Corporate and Other: $149 million versus $157.1 million estimated by three analysts on average.Other Revenues- EMEA Financial Solutions: $15 million versus the three-analyst average estimate of $10.98 million.Net investment income- EMEA Financial Solutions: $137 million compared to the $120.5 million average estimate based on three analysts.Net investment income- EMEA Traditional: $35 million versus the three-analyst average estimate of $35.54 million.Net investment income: $1.7 billion compared to the $1.58 billion average estimate based on four analysts. The reported number represents a change of +38.1% year over year.Revenues- Other revenues: $368 million versus $326.38 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +318.2% change.Revenues- Net premiums: $4.6 billion compared to the $4.48 billion average estimate based on four analysts. The reported number represents a change of +14.3% year over year.Investment related gains, net- Corporate and Other: $1 million versus the three-analyst average estimate of $2.69 million.View all Key Company Metrics for Reinsurance Group here>>>
Shares of Reinsurance Group have returned +1.6% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways RGA Q1 adjusted EPS jumped 21.9% y/y and beat estimates on strong revenue growth.Financial Solutions growth across the United States, EMEA and Asia/Pacific boosted RGA's results.RGA repurchased $50M in shares and raised its quarterly dividend to 93 cents. Reinsurance Group of America, Incorporated (RGA - Free Report) reported first-quarter 2026 adjusted operating earnings of $6.97 per share, which beat the Zacks Consensus Estimate by 12.6%. The bottom line rose 21.9% from the year-ago quarter.
RGA's operating revenues of $6.7 billion beat the Zacks Consensus Estimate by 3.7%. The top line improved 19.9% year over year on higher net investment income, net premiums and other revenues.
RGA reported strong first-quarter results, driven by solid growth in Financial Solutions businesses across the United States, EMEA and the Asia/Pacific, along with higher investment income and premium growth. However, higher expenses and weakness in the United States and Latin America Traditional segment partially offset the strong performance.
Net premiums of $4.6 billion increased 14.3% year over year and beat the Zacks Consensus Estimates by 2.4%.
Investment income improved 19.3% from the prior-year quarter to $1.7 billion and beat the Zacks Consensus Estimates by 7.4%. The increase was driven by a larger average invested asset base and higher earned yields. The average investment yield increased to 4.93% from 4.64% in the prior-year period, driven by higher variable investment income.
Total benefits and expenses increased 23.8% year over year to $6.1 billion on higher claims and other policy benefits, interest credited, policy acquisition costs and other insurance expenses, other operating expenses, and Interest credited.
Quarterly Segmental UpdateU.S. and Latin America: Total pre-tax adjusted operating income was $256 million, which increased 23.7% year over year.
The Traditional segment reported a pre-tax adjusted operating income of $138 million, which decreased 1.4% year over year. Net premiums increased 0.6% from the year-ago quarter to $1.9 billion.
The Financial Solutions segment’s pre-tax adjusted operating income increased 76% to $118 million.
Canada: Total pre-tax adjusted operating income rose 11.6% year over year to $48 million.
The Traditional segment delivered a 18.7% year-over-year increase in pre-tax adjusted operating income to $48 million. Net premiums grew 6.3% to $339 million, benefiting from a $2 million favorable impact from foreign currency exchange rates during the quarter.
The Financial Solutions segment’s pre-tax adjusted operating income decreased 9.1% year over year to $10 million. Foreign currency exchange rates had an immaterial effect on adjusted operating income before taxes.
EMEA: Total pre-tax adjusted operating income grew 30% to $182 million.
Pre-tax adjusted operating profit of the Traditional segment was $54 million, higher than the year-ago quarter’s profit of $50 million. Foreign currency exchange rates had a favorable effect of $5 million on adjusted operating income before taxes. Premiums increased 12% to $605 million. Foreign currency exchange rates had a favorable effect on net premiums of $43 million for the quarter.
The Financial Solutions pre-tax adjusted operating income increased 42.2% year over year to $128 million. Foreign currency exchange rates had a favorable effect of $8 million on adjusted operating income before taxes.
Asia/Pacific: Total pre-tax adjusted operating income rose nearly 15.5% from the year-ago quarter’s level to $190 million.
The Traditional segment’s pre-tax adjusted operating income rose 17.9% year over year to $125 million, including a $1 million favorable impact from foreign currency exchange rates. Premiums increased 10.7% to $860 million. Foreign currency exchange rates had a favorable effect on net premiums of $18 million for the quarter.
The Financial Solutions segment’s pre-tax adjusted operating income increased 10.2% to $65 million. Foreign currency exchange rates had an immaterial impact of $1 million on adjusted operating income before taxes.
Corporate and Other: Pre-tax adjusted operating loss totaled $65 million, reflecting an improvement from a loss of $70 million in the year-ago quarter. Results were unfavorable relative to the expected quarterly average run rate, primarily due to compensation expenses and unfavorable variable investment income.
RGA’s Financial UpdateAs of March 31, 2026, total assets were $164 billion, up 4.8% from the 2025-end level.
Book value per share, excluding accumulated other comprehensive income, increased 1.8% to $167.60 from the 2025-end level.
Adjusted operating return on equity was 15.2%, representing a 50-basis-point year-over-year increase.
RGA’s Capital DeploymentReinsurance Group repurchased shares of $50 million in the first quarter.
The company’s board of directors declared a quarterly dividend of 93 cents. Effective May 5, 2026, the dividend will be paid out on June 2, 2026, to shareholders of record as of May 19, 2026.
RGA’s Zacks RankRGA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Some Other InsurersVoya Financial, Inc. (VOYA - Free Report) reported first-quarter 2026 adjusted operating earnings of $2.26 per share, which beat the Zacks Consensus Estimate by 11.8%. The bottom line increased 13% year over year.
Adjusted operating revenues amounted to $2 billion, which increased 3.1% year over year. Net investment income increased 1.6% year over year to $569 million. Meanwhile, fee income of $604 million rose 6% year over year. Premiums totaled $744 million, up 1% from the year-ago quarter.
Arthur J. Gallagher & Co. (AJG - Free Report) reported first-quarter 2026 adjusted net earnings of $4.47 per share, which beat the Zacks Consensus Estimate by 1.6%. The bottom line increased 21.8% on a year-over-year basis.
Total revenues of $4.7 billion beat the Zacks Consensus Estimate by 1.4%. The top line also improved 28.1% year over year, driven by higher commissions, fees, supplemental revenues, and contingent revenues.
Everest Group, Ltd. (EG - Free Report) reported first-quarter 2026 operating income of $16.08 per share, which beat the Zacks Consensus Estimate by 14.6%. The bottom line increased significantly 149% year over year. Total operating revenues of about $4 billion declined 4.6% year over year. The top line missed the Zacks Consensus Estimate by 7.7%.
Gross written premiums fell 18.5% year over year to $3.6 billion, reflecting an 8.5% decline in Reinsurance Treaty, partially offset by growth in Global Wholesale & Specialty. Our estimate was $4.8 billion.Net investment income rose 15.5% year over year to $567 million, driven by a larger asset base and strong alternative investment returns. The figure exceeded our estimate of $491 million and the Zacks Consensus Estimate of $513 million.
Miami, OK, May 08, 2026 (GLOBE NEWSWIRE) -- The American Global Insurance and Reinsurance Group (the “American Global Group”) is pleased to announce that it has entered into a strategic partnership with two leading Lloyd’s syndicates. American Global Group’s principal subsidiary, American Global Insurance, Inc. (“AGII”), a commercial insurance and reinsurance company organized and licensed under the laws the Modoc Nation, a tribal entity recognized by the Federal Government which has its sovereign tribal jurisdiction in the State of Oklahoma, has secured quota share reinsurance support for its health care indemnity insurance from two prominent, corporately owned, syndicates at Lloyd’s of London.
The American Global Group is comprised of insurance and reinsurance companies and various service companies that support its businesses, many of which are established under the laws of Tribal Jurisdictions. AGII is the preeminent insurer and reinsurer of the American Global Group. It was established and incorporated under the laws of the Modoc Nation, and licensed, pursuant to the Insurance Code of the Modoc Nation, by its Department of Insurance.
AGII principally underwrites supplemental wellness and fully funded health care indemnity insurance programs for small to medium sized employers that conform to the guidelines set forth in the Employee Retirement Income Security Act of 1974 (“ERISA”) and the Internal Revenue Code, such that they are exempt from state and local regulation. AGII has also designed and developed health care plans that will soon be offered in certain States as alternatives to the Affordable Care Act (“ACA”) products; these plans are ACA compliant. Many of AGII’s insurance programs integrate Health Savings Accounts to bring additional savings, versatility, and long-term wealth accumulation to further add to the value proposition.
As noted above, AGII entered into a Hospital Indemnity Quota Share Reinsurance Agreement with two pre-eminent Lloyd’s of London Syndicates effective as of January 1, 2026. Under the Quota Share Agreement, the Lloyd’s of London Syndicates are assuming a fifty percent (50%) share of the premiums and losses directly related to the medical health indemnity risks underwritten by AGII.
The Commissioner of Insurance for the Modoc Nation believes AGII is the first tribal insurance company to secure a working relationship with any Lloyd’s of London Syndicate. He commented that “with the support and strength of the oldest and most established insurance and reinsurance organization in the world, the American Global Group is now setting its sights on redefining how American employers can provide affordable quality healthcare to their employees.”
This Quota Share Agreement serves to validate the underwriting capabilities of the AGII team, while at the same time, gives additional assurances and confidence to AGII’s policyholders and insureds that they have solid financial backing and support from not only AGII, but also from two of the most highly rated Lloyd’s of London Syndicates.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
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What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
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Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
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With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Reinsurance Group (RGA - Free Report) Formed in 1992 in Timberlake, MO, Reinsurance Group of America Inc. is a leading global provider of traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia.
RGA is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Finance stock. RGA has a Momentum Style Score of A, and shares are up 2.7% over the past four weeks.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.09 to $26.40 per share. RGA also boasts an average earnings surprise of +9.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, RGA should be on investors' short list.
Despite Downturns, Analysts Say These 4 Financial Stocks Are BuysReinsurance Group of America NYSE: RGA reported a strong first quarter of 2026, with management pointing to broad-based earnings strength across regions, favorable claims experience and continued capital deployment into new business opportunities.
On the company’s earnings call, President and Chief Executive Officer Tony Cheng said the quarter reflected “disciplined execution, strong underlying fundamentals, and the benefits of the diversified global platform” RGA has built. Cheng said performance was strong across many regions and products, with Asia Pacific, EMEA and the U.S. all contributing to results.
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3 Stocks Generating a Ridiculous Amount of CashChief Financial Officer Axel André said RGA generated pre-tax adjusted operating income of $611 million for the quarter, or $6.97 per share after tax. Adjusted operating return on equity, excluding notable items, was 16.2% for the trailing 12 months. André said management views first-quarter run-rate earnings per share at approximately $6.70 after considering claims experience, variable investment income and other items.
Broad-Based Regional Strength Cheng said Asia Pacific delivered another strong quarter, supported by ongoing growth and execution. He highlighted several notable transactions in Japan, including both in-force and flow deals involving asset and biometric risk.
In EMEA, Cheng said earnings exceeded expectations, helped by favorable overall experience and continued momentum in longevity. He said RGA completed additional longevity transactions in the region by leveraging long-standing client relationships.
In the U.S., management said adjusted operating performance was strong, aided by favorable claims experience and contributions from recent new business. Cheng said U.S. individual life activity remained robust, driven in large part by the company’s strategic underwriting initiative. He also said U.S. group results were in line with 2026 expectations.
André said traditional premium growth was 5% year over year, helped by growth in EMEA and Asia Pacific. U.S. traditional premium growth was approximately 1%, reflecting the effect of strategic recaptures of certain treaties in the second half of 2025. André said those recaptures involved lower-quality and less profitable blocks and reduced volatility.
Claims Experience Remains Favorable Management emphasized favorable biometric claims experience during the quarter. André said economic claims experience was favorable by $117 million, with a corresponding favorable current-period financial impact of $4 million. More than half of the economic experience came from U.S. individual life, and every region posted favorable experience.
André said much of that favorable experience was deferred to future periods because of uncapped cohorts, while the portion recognized in current-period income was partly offset by unfavorable experience in EMEA traditional capped cohorts. Since the beginning of 2023, he said total company economic claims experience has been favorable by $343 million.
During the Q&A session, Chief Risk Officer Jonathan Porter said first-quarter U.S. claims experience benefited from lower frequency of both large and non-large claims. He said RGA did not see other significant trends in its own data during the quarter. Porter also noted that the flu season was more moderate than last year based on CDC data.
Asked about longer-term mortality trends and GLP-1 drugs, Porter said RGA has not made material assumption changes related to GLP-1s. However, he said the expected benefit gives the company more confidence that its existing mortality improvement assumptions will be realized over time.
Capital Deployment and Share Repurchases RGA deployed $338 million into in-force transactions during the quarter. André said the company remains selective and is focused on the quality and expected returns of new business. Cheng said most in-force deployment during the quarter was in Asia, where RGA saw attractive risk-reward opportunities.
The company also repurchased $50 million of shares in the quarter, bringing total repurchases to $175 million since buybacks were reinstated in the third quarter of last year. André said RGA ended the quarter with estimated excess capital of $2.4 billion and estimated next-12-month deployable capital of $2.9 billion.
André said RGA expects shareholder capital returns to range between 20% and 30% of after-tax operating earnings over the long term. He also said the company expects to allocate $400 million of excess capital to reduce financial leverage during 2026.
Responding to an analyst question about whether RGA has enough opportunities to meet its capital deployment needs, André said the company is tracking in line with expectations and will prioritize quality over quantity. He said RGA expects to meet its financial targets through a combination of capital deployment and shareholder returns.
Investment Portfolio and Private Credit André said RGA’s non-spread book yield, excluding variable investment income, was 4.85% in the quarter. The new money rate was 5.64%, above the portfolio yield, which he said continues to provide a tailwind to the overall book yield. Variable investment income was modestly below the company’s 7% annual return expectation by about $8 million.
André also addressed RGA’s private credit strategy, saying private credit represents approximately 9% of the total portfolio and is diversified across categories such as investment-grade private placements, private asset-backed securities, fund finance, infrastructure debt and middle-market loans. He said most private assets are investment grade, and the majority of below-investment-grade private assets are first-lien senior secured loans underwritten by RGA’s internal team.
“Overall, fundamentals across the portfolio remain healthy,” André said, adding that credit performance has been in line with expectations.
Pipeline, Competition and Regulatory Topics Cheng said RGA’s pipeline remains strong, high quality and globally diversified. He cited continued opportunities in Asia tied to product development and capital framework changes in markets such as Japan and Korea. He also pointed to strong U.K. longevity momentum and continued U.S. opportunities linked to RGA’s biometric and underwriting strengths.
Asked about competition, Cheng said RGA’s “sweet spot” remains transactions that combine biometric and asset risks. He said competition has increased in some markets, particularly for more “vanilla” asset-intensive transactions, but argued that RGA is uniquely positioned in more complex deals involving both asset and biometric expertise.
Management also addressed several client and regulatory topics. Porter said RGA does not expect the planned merger of Equitable and Corebridge to affect its in-force or flow reinsurance transactions with Equitable. On potential U.K. regulatory changes related to funded reinsurance counterparty charges, Porter said RGA does not expect a large impact because roughly 90% of its in-force U.K. longevity block is done on a swap basis rather than funded reinsurance.
André said RGA does not expect the NAIC’s Actuarial Guideline 55 to have a material impact on the company, noting that its U.S. business typically uses its onshore flagship entity, RGA Re, as the reinsurer facing clients.
Cheng closed the call by saying RGA was pleased with its strong start to the year and remains confident in its outlook for 2026 and beyond.
About Reinsurance Group of America NYSE: RGAReinsurance Group of America, Incorporated NYSE: RGA is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company's offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.
RGA's product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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MIAMI, OH, May 20, 2026 (GLOBE NEWSWIRE) -- American Global Insurance, part of the American Global Insurance and Reinsurance Group (“American Global Group”), announced that it has entered into a quota share reinsurance partnership with two corporately owned Lloyd’s syndicates to support its healthcare indemnity insurance portfolio.
The agreement became effective on January 1, 2026, and provides quota share reinsurance support for risks underwritten by American Global Insurance, Inc. (“AGII”), the group’s principal insurance subsidiary. Under the terms of the agreement, the participating Lloyd’s syndicates will assume 50 percent of the premiums and losses associated with AGII’s medical health indemnity insurance business.
AGII is a commercial insurance and reinsurance company organized and licensed under the laws of the Modoc Nation, a federally recognized tribal entity with sovereign jurisdiction in Oklahoma. The company operates pursuant to the Insurance Code of the Modoc Nation and is licensed by the Modoc Nation Department of Insurance.
The American Global Group includes insurance, reinsurance, and service companies that support a range of risk management and healthcare-focused insurance operations. AGII serves as the primary underwriting entity within the organization and focuses on supplemental wellness and fully funded healthcare indemnity insurance programs designed for small and mid-sized employers.
According to the company, many of AGII’s insurance offerings are structured to align with the Employee Retirement Income Security Act of 1974 (ERISA) and applicable Internal Revenue Code guidelines. These programs are designed to support employer-sponsored healthcare solutions while operating within federally established regulatory frameworks.
AGII has also developed healthcare plans intended for future availability in select U.S. markets as alternatives to Affordable Care Act (ACA) marketplace products. The company stated that these plans are designed to comply with ACA requirements. In addition, several AGII programs integrate Health Savings Accounts (HSAs), allowing employers and employees to incorporate tax-advantaged healthcare savings features into their benefits planning strategies.
Company representatives stated that the quota share reinsurance agreement represents an important operational milestone for the organization’s healthcare indemnity business. By partnering with established Lloyd’s syndicates, AGII aims to strengthen its risk management framework and expand long-term underwriting capacity.
“The support provided through this agreement reflects confidence in AGII’s underwriting platform and healthcare indemnity programs,” said a spokesperson for the American Global Group. “The partnership also enhances the company’s ability to manage risk exposure while continuing to serve employer groups seeking alternative healthcare coverage solutions.”
The Commissioner of Insurance for the Modoc Nation commented on the significance of the arrangement, noting that AGII is believed to be the first tribal insurance company to establish a working relationship with Lloyd’s syndicates for this type of reinsurance support.
“With the backing of one of the most established insurance and reinsurance markets in the world, the American Global Group is positioned to continue developing healthcare insurance solutions for employers,” the commissioner stated.
Industry observers continue to monitor developments involving tribal insurance entities and alternative healthcare financing models as employers seek additional flexibility in managing healthcare-related costs and employee benefit structures.
The company stated that the agreement with the Lloyd’s syndicates provides additional financial support for AGII policyholders and insured programs through shared participation in covered healthcare indemnity risks. The arrangement also reflects ongoing collaboration between tribal-regulated insurance organizations and international reinsurance markets.
American Global Group said it plans to continue expanding its healthcare indemnity and wellness-related insurance operations through strategic partnerships, underwriting initiatives, and product development efforts focused on employer-sponsored healthcare programs.
More information about the company and its insurance programs is available at American Global Insurance®.
About American Global Insurance and Reinsurance Group
The American Global Insurance and Reinsurance Group is comprised of insurance, reinsurance, and service companies supporting healthcare-focused insurance operations and related risk management services. Its principal subsidiary, American Global Insurance, Inc. (AGII), is organized under the laws of the Modoc Nation and provides healthcare indemnity insurance and reinsurance solutions for employer-sponsored benefit programs.
Media Contact
Company Name: AGI
Contact Person: Ron Poe
Phone: +19549809654
Country: USA
Website: https://agicoverage.com/
Key Takeaways RGA benefits from market leadership in the U.S., Latin America and Canada, supporting stable earnings growth. Product expansion, longevity insurance and favorable biometrics experience aid diversification. Strong capital levels support growth investments, dividends and share repurchases over time. Reinsurance Group of America, Incorporated (RGA - Free Report) shares are trading at a discount to the Zacks Life Insurance industry. Its forward price-to-book value of 1.05X is lower than the industry average of 2.06X, the Finance sector’s 4.37X, and the Zacks S&P 500 Composite’s 8.12X. The life insurer has a Value Score of A.
The insurer has a market capitalization of $14.02 billion. The average volume of shares traded in the last three months was 0.3 million.
Shares of Manulife Financial Corp. (MFC - Free Report) and Voya Financial, Inc. (VOYA - Free Report) are trading at a discount, while Sun Life Financial Inc. (SLF - Free Report) is trading at a multiple higher than the industry average.
Image Source: Zacks Investment Research
RGA’s Price PerformanceShares of this life insurer have gained 4.8% in the past year compared with the industry’s growth of 11.3%.
Image Source: Zacks Investment Research
RGA Trading Above 50-Day and 200-Day Moving AveragesShares of Reinsurance Group closed at $214.04 on Tuesday and are trading above the 50-day and 200-day simple moving averages (SMA) of $207.90 and $199.98, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.
Image Source: Zacks Investment Research
RGA’s Growth Projection EncouragesThe Zacks Consensus Estimate for Reinsurance Group’s 2026 earnings per share (EPS) indicates a year-over-year increase of 17.9%. The consensus estimate for revenues is pegged at $26.89 billion, implying a year-over-year improvement of 12.2%.
The consensus estimate for 2027 EPS and revenues indicates an increase of 6.4% and 6.5%, respectively, from the corresponding 2026 estimates.
Earnings have grown by 26.7% over the past five years, outpacing the industry average of 6.4%.
Average Target Price for RGA Suggests UpsideBased on short-term price targets offered by eight analysts, the Zacks average price target is $254.38 per share. The average suggests a potential 18.8% upside from the last closing price.
Image Source: Zacks Investment Research
Reinsurance Group’s Return on Invested CapitalIts return on invested capital (ROIC) has increased every year, reflecting RGA’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 5.87%, higher than the industry average of 0.6%.
Key Points to Note for RGAReinsurance Group is a leader in the traditional U.S. and Latin American markets. It has successfully expanded its product line with market-leading services, capabilities, expertise and innovation. Individual mortality has matured, providing a base for stable earnings and capital generation. Significant value embedded in the in-force business is anticipated to generate predictable long-term earnings. Product-line expansion contributes to risk diversification.
In Canada, Reinsurance Group is a market leader with solid growth and profitability. It has a sizable block of in-force business, which is a significant source of future earnings. Reinsurance Group expects longevity insurance, projected to witness steady demand, to experience long-term growth in the Canadian market. While longevity insurance provides a diversified income source, it also acts as a hedge against a large mortality position.
Demand for protection products among the emerging global middle class and increasing demand for retirement, senior protection and savings products among aging populations create opportunities for growth in new business.
RGA is well-capitalized and has access to multiple forms of capital. RGA expects to remain active in deploying capital in attractive growth opportunities while balancing returning excess capital to shareholders over time.
Reinsurance Group continues to ramp up technological inclusion with its product. This insurer is a global biometric liability reinsurance leader. Biometrics experience, which includes mortality, morbidity and longevity, over the last five quarters was favorable.
Wealth DistributionThis global reinsurer has also been managing capital effectively via share buybacks, dividend payments and prudent investments. RGA expects to remain active in deploying capital into attractive growth opportunities in organic flow and in-force block transactions and returning excess capital to shareholders through dividends and share repurchases.
ConclusionNew business volumes, favorable longevity experience, a diversified business and effective capital deployment should continue to favor RGA over the long term.
The stock also has a VGM Score of A. VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.
Coupled with solid growth projections, as well as attractive valuations and favorable ROIC of the stock, it is, therefore, wise to hold on to this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Redesigning and repricing of products and services to maintain sales and profitability have been driving Zacks Life Insurance industry players. Increased automation is expected to drive premium growth and boost the efficiency of AIA (AAGIY - Free Report) , Aviva (AVVIY - Free Report) , Reinsurance Group of America (RGA - Free Report) , Primerica Inc. (PRI - Free Report) and Voya Financial (VOYA - Free Report) .
In the December 2025 FOMC meeting, the Federal Reserve slashed the interest rate by 25 basis points to 3.5%-3.75%, with one more cut expected this year. In such a scenario, life insurers will likely face challenges as they invest a large portion of their premiums to meet contractually guaranteed obligations of policyholders. Also, with accelerated digitalization, expenses are likely to increase. Prudently pricing the products and balancing customers' preferences and claim costs are a challenge.
About the Industry The Zacks Life Insurance industry includes companies offering life insurance, annuities, and retirement products such as term and whole life policies, health coverage, Medicare supplements, long-term care, and wealth and asset management services. Per Research and Markets, the global life insurance market is expected to grow to $7.13 trillion in 2026 and reach $11 trillion in 2032, at a CAGR of 7.5%, given the increase in the aging population and increased awareness of the need for financial security. While emerging markets could see faster growth due to low insurance penetration, developed markets could witness slower growth due to market maturity, as per Deloitte. The industry has also been witnessing the accelerated adoption of technology. However, rising mortality or loss cost trends may impact the profitability of insurers.
3 Trends Shaping the Future of the Life Insurance Industry Prevailing Low Interest Rate: The Federal Reserve slashed the interest rate three times in 2025, with one more cut in 2026, given a soft job market and muted economic growth. Life insurers are direct beneficiaries of improved rates as they invest premiums to meet the contractually guaranteed obligations of policyholders. Thus, muted rates will likely weigh on investment return. Nonetheless, in times of persistently low interest rates, life insurers direct their funds into alternative investments like private equity, hedge funds and real estate. With an improving equity market, lower interest rates could relieve pressure on indexed universal life (IUL) and whole life sales, given low unemployment as per the LIMRA report. LIMRA expects indexed universal life (IUL) sales to grow at a double-digit pace in 2026, driven by new product launches and broader distribution. In contrast, variable universal life (VUL) sales are projected to slow down due to anticipated equity market volatility, while term life sales are likely to remain relatively stable with limited growth.
Product Redesigning: The industry is increasingly combining insurance, wealth management, and healthcare services (including retirement income products, annuities, investment-linked insurance and health and wellness riders) to stay relevant, per a McKinsey and Company report. Life insurers continue to roll out investment products that provide bundled covers of guaranteed retirement income, life and healthcare to cater to customers preferring policies with “living” benefits more than those with death benefits. Increased awareness about having coverage continues to support the life insurance business. A compelling product portfolio with prudent pricing will thus aid sales of life insurers. Per a report published in ReporterLinker, global life insurance gross written premium is expected to be $2.5 trillion by 2026. Per Statista’s report, gross written premium is expected to show an annual growth rate (CAGR 2025-2029) of 3.54%. According to a Deloitte report, global life insurance premiums may decline amid U.S. policy uncertainty, while annuities should continue growing. Advanced markets will likely see limited growth, whereas emerging markets are expected to expand faster due to low insurance penetration and rising middle-income populations.
Increased Adoption of Technology: Per Statista, the United States is experiencing a shift toward digital platforms and online sales in life insurance. Carriers have started selling policies online that appeal to the tech-savvy population. These insurers are offering customized coverages leveraging artificial intelligence and machine learning. At the same time, the use of real-time data makes premium calculation easier and reduces risk. Increased automation is expected to drive premium growth and boost efficiency. Moreover, accelerated digitization, as evident from the increased adoption of generative AI, cognitive intelligence and blockchain, should help life insurers curb operational costs and aid margin expansion. Insurers are investing heavily in technological advancements to ensure efficiency and smooth functioning. At the same time, players must shield themselves from falling prey to cyber threats.
Zacks Industry Rank Indicates Bleak Prospects The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates strong prospects for the near term.
The Zacks Life Insurance industry, within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #179, which places it in the bottom 27% of the 255 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is the result of a negative earnings outlook for the constituent companies in aggregate. The consensus estimate has dropped 20.5% for the current year.
Before we present a few life insurance stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry vs. Sector & S&P 500 The Life Insurance industry has underperformed the Zacks S&P 500 composite but outperformed the Finance sector year to date. The stocks in this industry have collectively gained 3.6% compared with the Finance sector’s increase of 0.9% and the Zacks S&P 500 composite’s increase of 11.2% in the said time frame.
Year-to-Date Price Performance
Life Insurance Industry's Current Valuation On the basis of trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 2.02X compared with the S&P 500’s 8.23X and the sector’s 4.39X.
Over the past five years, the industry has traded as high as 2.14X, as low as 1.08X, and at the median of 1.67X.
Price-to-Book (P/B) Ratio (TTM)
Price-to-Book (P/B) Ratio (TTM)
5 Life Insurance Stocks to Watch Here, we present one Zacks Rank #2 (Buy) stock and four Zacks Rank #3 (Hold) stocks from the industry. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Aviva: Headquartered in London, United Kingdom, Aviva provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada and internationally. This insurer’s solid results across all the business lines bode well for growth. The proposed acquisition of Direct Line will position Aviva as a strong leader in UK Personal Lines, accelerating its capital-light business while generating cost synergies.
Earnings growth, coupled with balance sheet strength, enables this Zacks Rank #2 insurer to return wealth to shareholders through dividend hikes and share buybacks while also investing in the business. This drives efficiency and growth, both organically and inorganically.
The Zacks Consensus Estimate for AVVIY’s 2026 and 2027 earnings indicates a year-over-year increase of 10.1% and 15.3%, respectively.
Price and Consensus: AVVIY
AIA: Based in Central, Hong Kong, AIA Group Limited, together with its subsidiaries, provides life insurance-based financial services in Hong Kong. This leading pan Asian life insurer benefits from its solid agent force, exclusive bancassurance tie-up, strong free surplus generation and a shareholder-friendly capital return program. It carries a Zacks Rank #3.
The Zacks Consensus Estimate for AAGIY’s 2026 and 2027 earnings indicates a year-over-year increase of 30.5% and 15.6%, respectively.
Price and Consensus: AAGIY
Reinsurance Group of America: Timberlake, MO-based Reinsurance Group of America is a leading global provider of traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia. Reinsurance Group is set to benefit from better pricing and expanding business in the pension risk transfer market. Solid in-force business ensures predictable long-term earnings. Product-line expansion contributes to risk diversification for this Zacks Rank #3 insurer.
The Zacks Consensus Estimate for RGA’s 2026 and 2027 earnings indicates a year-over-year increase of 18.3% and 6.7%, respectively. The consensus estimates for 2026 and 2027 earnings have moved 2.3% and 0.8% north, respectively, in the past 30 days. RGA delivered a four-quarter average earnings surprise of 9.82%.
Price and Consensus: RGA
Primerica: This Duluth, GA-based, second-largest issuer of term-life insurance coverage in North America aims to be a successful senior health business while continuing to enhance its shareholders’ value. Strong demand for protection products drives sales growth and policy persistency benefits for this insurer. A strong business model makes this Zacks Rank #3 insurer well-poised to cater to the middle market's increased demand for financial security.
The Zacks Consensus Estimate for PRI’s 2026 and 2027 earnings indicates a year-over-year increase of 6.7% and 8.7%, respectively. The consensus estimates for 2026 and 2027 earnings have moved 2.6% and 1.8% upward, respectively, in the past 30 days. PRI delivered a four-quarter average earnings surprise of 9.3%.
Price and Consensus: PRI
Voya Financial: Based in New York, this retirement, investment, and employee benefits company in the United States is poised to grow, given its focus on high-growth, high-return, capital-light businesses, solid market presence and cost savings. Expansion of its distribution network and achievement of efficiencies through automation are expected to drive Voya Financial’s performance. The insurer carries a Zacks Rank #3. The Zacks Consensus Estimate for Voya Financial’s 2026 and 2027 earnings indicates a year-over-year increase of 8% and 15.2%, respectively. The expected long-term earnings growth rate is pegged at 11.5%. It delivered a four-quarter average earnings surprise of 7.25%.
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Crystal Lu has been named Senior Vice President, Investor Relations, effective June 8, 2026. In this role, Ms. Lu will lead investor relations strategy and liaise with the global investment community, supporting communication around the company's financial performance and long-term value creation as RGA continues to advance its enterprise prioritie.
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced it has been recognized as Reinsurer of the Year by the InsuranceERM Americas Awards 2026, an annual program recognizing companies excelling in insurance risk and capital management. The award recognizes a reinsurer that has delivered measurable reinsurance and risk transfer benefits over the past 18 months, while also demonstrating a strong culture of r.
