Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer, has reported a 25% year-on-year increase in consolidated net premiums to $5.4 billion for the third quarter of 2026.
For the first nine months of 2026, net premiums were up to $14.42 billion, compared to $12.5 billion for 9M’25.
In this quarter, net premiums included approximately $800 million from single premium pension risk transfer transactions, which are included in the US Financial Solutions business, compared with no contribution from these transactions in the prior-year quarter, explained RGA.
By segment, US and Latin America added $1.9 billion in net premiums for Q3’25, and $5.8 billion for 9M’26.
Canada contributed $346 million for Q3’26 and $1.03 billion in net premiums for 9M’26, while Europe, Middle East and Africa (EMEA) added $556 million in Q3’26 and $1.7 billion for 9M’26. Net premiums from Asia Pacific (APAC) stood at $863 million for Q3’26 and $2.6 billion for 9M’26.
Total revenues for this quarter were up to $7.55 billion, compared to $6.2 billion in Q3’25, while for 9M’26, revenues rose to $20.7 billion, compared to $17.1 billion in Q3’25.
RGA recorded third-quarter net income of $456 million, up from $253 million in the prior-year quarter, while net income for 9M’26 was $1.24 billion, compared to $719 million for 9M’25.
For Q3’26, adjusted operating income was up to $558 million, compared to $310 million for Q3’25, and for 9M’26, it was up to $1.6 billion, compared to $1 billion for 9M’25.
RGA’s investment income for the quarter, excluding spread-based businesses, increased 17.5% compared with the prior-year quarter, primarily due to a larger average invested asset base, higher variable income and accretive new money rates.
For Q3’26, net investment income, net of related expenses, was $1.9 billion, compared to $1.5 billion in Q3’25, while for 9M’26, it was up to $5.5 billion, compared to $4.1 billion for 9M’25.
Tony Cheng, President and Chief Executive Officer, RGA, commented, “RGA delivered excellent results this quarter with strong performance across all regions. Investment performance was robust, and claims experience was favorable to expectations, demonstrating continued strong fundamentals underpinned by a long history of biometric expertise and superior investment capabilities.
“These results reinforce the strategic advantages of RGA’s diversified platform and our ability to generate attractive, risk-adjusted returns across a range of market environments. We continued to maintain our disciplined approach to capital deployment with a focus on high return, quality business as well as shareholder returns. Our pipeline for both in-force and flow business remains healthy and supports our confidence in RGA continuing to deliver strong financial results for the remainder of 2026 and beyond.”
