Reinsurance Group of America Expands Earnings Power with High-Impact New Ventures; What Lies Ahead? 

Reinsurance Group of America (RGA) reported its second quarter 2025 financial results, revealing both favorable and challenging aspects. The company achieved an operating EPS of $4.72 per share and an adjusted operating return on equity of 14.3%, aligning with their intermediate-term targets despite the challenging market conditions. A significant factor impacting the quarter’s results was large claims volatility in U.S. individual life insurance and unfavorable claims in the U.S. group healthcare excess business line. The latter, which has been consistent with broader market trends, negatively affected the company’s short-term business outcomes. However, RGA plans to reprice the majority of this business by January 2026, potentially mitigating future impacts.