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Can Reinsurance Group of America’s Asia Momentum Keep Driving The Story?

The Reinsurance Group of America reported first quarter 2026 results reflecting broad-based strength across its geographic segments and business lines, supported by favorable claims experience, continued earnings emergence from prior years’ business, and solid investment performance. The company highlighted strong momentum in Asia Pacific with significant transaction activity, particularly in Japan, across both in-force and flow deals involving asset and biometric risk. The Europe, Middle East, and Africa region demonstrated performance above expectations, driven by new business and longevity transactions, while the U.S. showed robust individual life growth and in-line group results, underpinned by strategic underwriting initiatives. Overall, adjusted operating income before tax was $611 million, or $6.97 per share after tax, with a trailing twelve-month adjusted operating return on equity (excluding notable items) of 16.2%. Premium growth was 5% year-over-year on the Traditional side, led by EMEA and Asia Pacific; U.S.