Elyse Greenspan

John Barnidge

Ryan Krueger

Suneet Kamath

Thomas Gallagher

Joel Hurwitz

Jamminder Bhullar

Wesley Carmichael

Jimmy Bhullar

Michael Ward

Taylor Scott

Wes Carmichael

Wilma Burdis

Wilma Jackson Burdis

Bob Huang

Jian Huang

Mike Ward

- **Reinsurance Group of America (RGA)** reported **third quarter 2025 net income available to shareholders of $253 million**, or **$3.81 per diluted share**, and **adjusted operating income of $310 million**, or **$4.66 per diluted share**.  **[898174_86052ddb1d894daca6098e41c933aaa4_0]** **[898174_86052ddb1d894daca6098e41c933aaa4_1]** 
- **Adjusted operating income, excluding notable items, reached a record $424 million**, or **$6.37 per diluted share**, for Q3 2025, compared to $410 million, or $6.13 per diluted share, in the prior-year quarter.  **[898174_86052ddb1d894daca6098e41c933aaa4_0]** **[898174_86052ddb1d894daca6098e41c933aaa4_1]** 
- The company deployed approximately **$1.7 billion of capital** into in-force block transactions, including **$1.5 billion** for the Equitable transaction, and repurchased **$75 million of common shares**.  **[898174_86052ddb1d894daca6098e41c933aaa4_0]** 
- For the trailing twelve months ended September 30, 2025, RGA achieved an **adjusted operating return on equity (ROE) of 13.2%**, and **14.2% excluding notable items**.  **[898174_86052ddb1d894daca6098e41c933aaa4_0]** **[898174_86052ddb1d894daca6098e41c933aaa4_20]** 
- **Net premiums for Q3 2025 totaled $4.28 billion**, a 2.5% decrease from the prior-year quarter, which had included a **$600 million** contribution from a single premium pension transfer transaction.  **[898174_86052ddb1d894daca6098e41c933aaa4_1]**

RGA Reports Strong Third Quarter 2025 Results

- Reinsurance Group of America, Inc. reported **net income available to shareholders of $253 million, or $3.81 per diluted share**, and **adjusted operating income of $310 million, or $4.66 per diluted share**, for the third quarter of 2025.  **[898174_0000898174-25-000135_pressrelease3q25.htm:1]** **[898174_0000898174-25-000135_qfs3q25.htm:2]** **[898174_0000898174-25-000135_pressrelease3q25.htm:12]** 
- **Adjusted operating income, excluding notable items, reached a quarterly record of $424 million, or $6.37 per diluted share**, for Q3 2025.  **[898174_0000898174-25-000135_pressrelease3q25.htm:1]** **[898174_0000898174-25-000135_qfs3q25.htm:2]** **[898174_0000898174-25-000135_pressrelease3q25.htm:12]** 
- The company deployed approximately **$1.7 billion of capital** into in-force block transactions, including **$1.5 billion** for the transaction with Equitable Holdings, Inc..  **[898174_0000898174-25-000135_pressrelease3q25.htm:1]** 
- RGA repurchased **$75 million of common shares** and reported estimated deployable capital of **$3.4 billion** at the end of Q3 2025.  **[898174_0000898174-25-000135_pressrelease3q25.htm:1]** **[898174_0000898174-25-000135_qfs3q25.htm:2]** 
- For the trailing twelve months, the **Return on Equity (ROE) was 7.4%**, **adjusted operating ROE was 13.2%**, and **adjusted operating ROE, excluding notable items, was 14.2%**.  **[898174_0000898174-25-000135_pressrelease3q25.htm:1]** **[898174_0000898174-25-000135_qfs3q25.htm:2]**

Reinsurance Group of America, Inc. Reports Strong Q3 2025 Financial Results

REINSURANCE GROUP OF AMERICA (RGA)