Reinsurance Group of America trades at a compelling forward P/E of 7.2x with a PEG of 0.44 and strong revenue growth of 24% year-over-year, but consecutive earnings misses in two of the four most recent quarters and a recent news-driven caution signal weigh on the near-term thesis.
Thesis pillars
- Attractive Valuation Low Peg→Stable
- Revenue Growth Trajectory→Stable
- Earnings Consistency Risk→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 20, 2026· older than 90 days
Reinsurance Group of America, I (RGA) Stock Analysis
Range Bound setup
Financial Services · Insurance - Reinsurance
Hold if already holding. Not a fresh buy at $264.70, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.8% away).
Reinsurance Group of America underwrites traditional life and health reinsurance and asset-intensive reinsurance globally, with segments spanning U.S. and Latin America, Canada, EMEA, and Asia Pacific. Revenue comes from premium income on mortality, morbidity, and longevity... Read more
Hold if already holding. Not a fresh buy at $264.70, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.8% away). Chart setup: RSI 55 mid-range, Bollinger mid-band. Mixed signals. Hold existing position. Score 6.1/10, moderate confidence.
Passes 5/9 gates (positive momentum, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 1d<=7d. Suitability: moderate.
About Reinsurance Group of America, I
About Reinsurance Group of America, I
Reinsurance Group of America provides traditional life and health reinsurance — covering individual and group life, disability, long-term care, and critical illness — as well as financial solutions including asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer, and capital solutions. Primary U.S. subsidiaries, including RGA Reinsurance Company and RGA Life and Annuity Insurance Company, are domiciled in Missouri and supervised by the Missouri Department of Commerce and Insurance (MDCI) as RGA's group supervisor. A significant portion of net premiums comes from non-U.S. operations spanning Canada, EMEA, Asia Pacific, and Latin America.
RGA earns income by assuming mortality, morbidity, lapse, longevity, and investment risk from ceding companies, receiving premium in return for indemnifying them against claims above retention limits. Traditional reinsurance is written on facultative or automatic treaty bases, with pricing driven by assumptions about mortality trends, lapse rates, and investment returns; deviations generate reserve strengthening charges and income statement volatility. For asset-intensive reinsurance, the company actively co-manages investment portfolios with clients — including funds-withheld structures where the ceding company legally owns the assets — and closed a reinsurance transaction with subsidiaries of Equitable Holdings, Inc. on July 31, 2025. Reserve financing for Regulation XXX statutory requirements relies on retrocession to affiliated captives and third-party reinsurers; if collateral capacity tightens, the company may need to raise additional capital or alter the volume and type of business underwritten.
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Missouri's MDCI acts as RGA's group supervisor and has operated a supervisory college of international regulators since October 2012, which could impose limitations on subsidiary activities if conditions warrant. Use of affiliated captive reinsurers for Regulation XXX reserves is permitted for captives organized before 2016, but arrangements established after 2015 face more restrictive standards; if RGA cannot effectively utilize captives for new business, the company may need to raise capital or alter its business mix. Ratings agencies periodically review capital adequacy, and a downgrade could trigger collateral-posting requirements or give ceding companies the right to terminate certain reinsurance contracts.
See also: Financial Services · Insurance - Reinsurance
From Reinsurance Group of America, I's most recent 10-K filing, extracted June 11, 2026.
Recent developments
No fresh coverage since Aug 26, 2026
Recent Developments — Reinsurance Group of America, I
Latest news
- NEWS Reinsurance Group Of America (RGA) Draws Undervalued Attention, Is The Stock Still Cheap? - simplywall.st — simplywall.st Aug 26, 2026 positive
- NEWS Sun Life-Wilton Re Team Up to Expand Reinsurance, Asset Management - TradingView — TradingView Aug 26, 2026 positive
- NEWS Is Reinsurance Group of America (RGA) Stock Undervalued Right Now? - Yahoo Finance — Yahoo Finance Aug 26, 2026 positive
- NEWS Reinsurance Group of America, Incorporated (RGA) Latest Stock News & Headlines - Yahoo Finance — Yahoo Finance Aug 26, 2026 neutral
- NEWS Zacks Industry Outlook Aviva, Reinsurance, Primerica, Voya and Lincoln National - TradingView — TradingView Aug 26, 2026 neutral
Latest item Aug 26, 2026 · Generated 2026-11-04T11:39:50Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMGeographicnon-U.S. operations10-K Item 1A: 'A significant portion of our net premiums comes from our operations outside of the U.S.'
- MEDIUMregulatoryMissouri MDCI group supervision10-K Item 1: 'the MDCI, RGA's group supervisor, has organized a supervisory college'
Material Events(8-K, last 90d)
- 2026-05-21Item 5.02LOWAt the 2026 annual meeting on May 20, 2026, shareholders approved an amendment and restatement of the Employee Stock Purchase Plan, increasing authorized shares by 300,000 to a total of 400,000 shares. Routine compensatory arrangement; no officer departure.SEC filing →
- 2026-03-20Item 5.02MEDIUMMark Brooks, EVP and Chief Information Officer (named executive officer), resigned effective April 3, 2026. No successor named and no reason cited.SEC filing →
- 2026-03-19Item 5.02LOWPeter Babej appointed to Board of Directors effective April 1, 2026, for a term ending at the 2026 annual meeting. Former CEO of Citi Asia and Global Head of Financial Institutions at Citigroup. Board size increased to twelve directors.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $264.70, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.8% away). Chart setup: RSI 55 mid-range, Bollinger mid-band. Mixed signals. Hold existing position. Analyst target $243.41 reached (−8.0%), stop $255.52 (−3.6%), A.R:R -1.3:1. Score 6.1/10, moderate confidence.
Analyst target $243.41 reached (−8.0% from $264.70); no take-profit level is published. Analyst target $243.41 reached (−8.0%), stop $255.52 (−3.6%), A.R:R -1.3:1. Stop-loss: $255.52.
Analyst target reached - limited upside remaining; Near 52-week high (2.8% away); V7 low-quality RISK_OFF penalty: -0.5 (Q=4.4).
Reinsurance Group of America, I trades at a P/E of 11.8 (forward 8.8). TrendMatrix value score: 8.1/10. Verdict: Hold.
15 analysts rate RGA, with a consensus score of 3.7/5. 9 analysts publish price targets averaging $280.
What does Reinsurance Group of America, I do?Reinsurance Group of America underwrites traditional life and health reinsurance and asset-intensive reinsurance...
Reinsurance Group of America underwrites traditional life and health reinsurance and asset-intensive reinsurance globally, with segments spanning U.S. and Latin America, Canada, EMEA, and Asia Pacific. Revenue comes from premium income on mortality, morbidity, and longevity risks assumed from primary life insurance companies, with a significant portion of net premiums from non-U.S. operations.