Filing Flows › Reinsurance Group of America (RGA) › Q1 2026
Reinsurance Group of America (RGA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Reinsurance Group of America (RGA) reported revenue of $6.5B for the first quarter 2026 (Q1 2026), +23% from a year earlier and -2% from the quarter before. Operating margin was 6.8%, net earnings $331M (5.1% of revenue).
Reinsurance Group of America, Q1 2026: revenue $6.5B (+24% year over year), operating margin 6.8%, net earnings $331M, operating cash flow −$2.9B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5B | -2% | +23% |
| Operating profit | $441M | -14% | +20% |
| Net earnings | $331M | -29% | +15% |
| Operating cash flow | −$2.9B | -139% | — |
What changed
Revenue was $6.5B in Q1 2026, up 23% year over year and down 2% from the previous quarter.
Operating profit was $0.44B, a 6.8% margin (down 0.2 points year over year). Of the extra revenue versus Q1 2025, 6% reached operating profit, below the 7% margin then. Total costs grew 24% against revenue growth of 23%. Net earnings were $0.33B, up 15% year over year. The effective tax rate was 24.9%.
Operating cash flow was −$2.9B. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items used $3.2B.
Questions
What was Reinsurance Group of America's revenue in the first quarter 2026?
Reinsurance Group of America (RGA) reported revenue of $6.5B for the first quarter 2026 (Q1 2026), +23% from a year earlier and -2% from the quarter before.
Was Reinsurance Group of America profitable in the first quarter 2026?
Operating profit was $441M (6.8% of revenue) and net earnings $331M.