RGA Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 11:14 AM CDT 29 min read

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DATE

Friday, May 8, 2026 astatine 10:00 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Tony Cheng

• Executive Vice President and Chief Financial Officer — Axel Philippe Andre

• Executive Vice President, Global Chief Risk and Insurance Officer — Jonathan William Porter

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Full Conference Call Transcript

Tony Cheng: Good morning, everyone, and convey you for joining america for today’s call. We admit your continued involvement successful Reinsurance Group of America, Incorporated. As you person seen from our archetypal 4th results, we delivered a beardown commencement to the twelvemonth with fantabulous show crossed galore regions and businesses. The 4th reflects disciplined execution, beardown underlying fundamentals, and the benefits of the diversified planetary level we person built implicit time. Building connected our beardown 2025 performance, we judge our results this 4th further show that we are successfully executing connected our strategy. Our absorption remains connected well-balanced net growth, superior allocation, and delivering charismatic returns implicit the agelong term.

Looking astatine the fiscal results, the spot successful the 4th was broad-based crossed our regions and products. I volition item a fewer specifics successful the quarter. Asia Pacific had different beardown quarter, driven by ongoing maturation and beardown execution. We closed a fig of notable transactions successful the region, peculiarly successful Japan, spanning some in-force and travel deals that see some plus and biometric risk. EMEA’s net proceed to bespeak bully caller business, with results exceeding expectations. Performance was supported by favorable wide acquisition and continued momentum successful longevity. We closed further longevity transactions during the 4th by leveraging deep, long-standing lawsuit relationships, and we stay optimistic fixed our enactment presumption and differentiated competitory strengths.

In the U.S., adjusted operating show was strong, supported by favorable claims acquisition and the publication from caller caller business. Activity successful U.S. idiosyncratic beingness remains robust, demonstrating sustained momentum successful ample portion driven by our strategical underwriting initiative. I americium pleased with our U.S. radical results, which are successful enactment with our 2026 expectations. Moving to claims acquisition successful the quarter, our economical claims acquisition was favorable crossed each regions. While 1 4th of claims acquisition should not beryllium overly emphasized, erstwhile considered arsenic portion of the cumulative acquisition since 2023, the favorable acquisition demonstrates the spot of our pricing, underwriting, and hazard selection.