RGA Q1 net income rises to $286 million, adjusted operating income falls to $378 million
Reinsurance Group of America (RGA) reported first-quarter 2025 net income available to shareholders of $286 million, or $4.27 per diluted share, up from $210 million, or $3.16, a year earlier. Adjusted operating income fell to $378 million, or $5.66 per diluted share, from $401 million, or $6.02, and net premiums fell 25% to $4.0 billion, mainly due to a much smaller pension risk transfer contribution than in the prior-year quarter.
Key points
- Net income available to RGA shareholders was $286 million ($4.27 per diluted share) versus $210 million ($3.16) a year earlier.
- Adjusted operating income was $378 million ($5.66 per diluted share) versus $401 million ($6.02).
- Net premiums were $4,019 million versus $5,376 million, a 25% decrease; the company said they rose 13% after adjusting for the pension risk transfer and currency effects.
- The board declared a regular quarterly dividend of $0.89, payable May 27, 2025, to shareholders of record as of May 13, 2025.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.