Reinsurance Group of America shares have gained 8.4% in the past month, outperforming the industry's 7.9% growth. The rally was driven by strong first-quarter 2026 earnings, favorable mortality experience, growing pension risk transfer business, higher investment income, and an attractive valuation. The Zacks average price target of $254.38 suggests a potential 18.2% upside from the last closing price. RGA trades at a forward price-to-book value of 1.05, a discount to the industry average of 2.18, and carries a Value Score of A. The Zacks Consensus Estimate for 2026 earnings per share indicates an 18.3% year-over-year increase, with revenues pegged at $26.89 billion, up 12.3%. However, higher expenses, currency exposure, and regulatory changes remain risks, leading to a Zacks Rank #3, or Hold, recommendation.
Reinsurance Group of AmericaStrong Q1 2026 earnings, favorable mortality experience, growing pension risk transfer business, higher investment income, and attractive valuation
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