Reinsurance Group of America, Incorporated — Cyborg Score 8/10
Strong
Reinsurance - Life and Health
Strategic Profile
RGA combines deep local insight with global perspective from operations in 25 markets around the world. Recognized among Fortune's World's Most Admired Companies, RGA continues to earn global respect for its long-term value, leadership strength, and unwavering commitment to innovation, community responsibility, and talent excellence. The company maintains strong capital generation and deployment capabilities while focusing on profitable growth in core reinsurance segments.
Cyborg Score Rationale
Q4 2025 results significantly surpassed Wall Street's expectations with revenue of $6.64 billion representing 20.9% year-over-year growth and adjusted earnings per share of $7.75, crushing consensus estimates by nearly 35%. Strong dividend history and consistent capital management demonstrate operational excellence, though reinsurance sector cyclicality presents moderate headwinds.
Top Insights
RGA's annualized revenue growth of 11.9% over the last two years is above its five-year trend, suggesting demand was strong and recently accelerated
Net premiums earned grew by 15% year-over-year, while book value per share came in well ahead of estimates
RGA has raised its dividend every year for the last 16 years with a payout ratio of 14.6%, indicating sustainable shareholder returns
RGA was rated #1 on NMG Consulting's 2024 Global All Respondents Business Capability Index for the 14th consecutive year
Named Competitors
Munich Re — Diversified global reinsurer with life and health expertise
Swiss Re — Leading global reinsurer with significant life and health operations
Everest Re — Major reinsurer with property and life underwriting
Arch Capital — Reinsurance and insurance services provider
Recent Developments
(February 2026) Q4 2025 earnings beat consensus by 35% on adjusted EPS with $6.64B revenue and $500M share buyback authorization
(January 2026) Named to Fortune's World's Most Admired Companies list recognizing excellence and client value delivery
(February 2026) Announced $0.93 quarterly dividend reflecting consistent capital return to shareholders
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