Reinsurance Group of America

Q2 FY2026 EarningsFY26 Q2 delivered a significant bottom-line beat, with diluted GAAP EPS of $7.01 comfortably exceeding the $6.25 consensus mean (+12.16%). Total revenue of $6,637M was slightly below the $6,672M expectation (-0.52%), though adjusted operating income rose 80.8% YoY to $761M. Performance was primarily driven by favorable mortality experience in the U.S. Traditional segment and the integration of the Equitable Holdings transaction, while Book Value Per Share (BPS) of $209.73 also edged past the $207.58 consensus (+1.04%).