Filing Flows › Reinsurance Group of America (RGA) › Q3 2026
Reinsurance Group of America (RGA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Reinsurance Group of America (RGA) reported revenue of $7.5B for the third quarter 2026 (Q3 2026), +22% from a year earlier and +14% from the quarter before. Operating margin was 8.3%, net earnings $457M (6.1% of revenue).
Reinsurance Group of America, Q3 2026: revenue $7.5B (+22% year over year), operating margin 8.3%, net earnings $457M, operating cash flow −$1.4B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5B | +14% | +22% |
| Operating profit | $624M | +3% | +95% |
| Net earnings | $457M | -2% | +79% |
| Operating cash flow | −$1.4B | — | — |
What changed
Revenue was $7.5B in Q3 2026, up 22% year over year and up 14% from the previous quarter.
Operating profit was $0.62B, a 8.3% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 23% reached operating profit, above the 5% margin then. Total costs grew 18% against revenue growth of 22%. Net earnings were $0.46B, up 80% year over year. The effective tax rate was 26.8%.
Operating cash flow was −$1.4B. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items used $1.8B.
Questions
What was Reinsurance Group of America's revenue in the third quarter 2026?
Reinsurance Group of America (RGA) reported revenue of $7.5B for the third quarter 2026 (Q3 2026), +22% from a year earlier and +14% from the quarter before.
Was Reinsurance Group of America profitable in the third quarter 2026?
Operating profit was $624M (8.3% of revenue) and net earnings $457M.