Reinsurance Group Of America Inc Dossier
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SectorFinancials IndustryInsurance - Reinsurance Beta (adjusted)0.64 Intrinsic Value $262.72median of 2 methodsbased on filings through 30 Jun 2026 Market Price $244.62Price as of 1 Oct 2026 Near fair valueIntrinsic value is 7% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $16B Enterprise Value $16.4B Shares Outstanding 65.8M diluted Next Earnings Date29 Oct 2026 Last ex-dividend18 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary RGA entered the second half of 2026 with strong operating momentum: second-quarter adjusted operating income was $8.89 per diluted share and trailing-12-month adjusted operating ROE excluding notable items reached 18.4%, above the 13%-15% intermediate-term range. The company also returned $111 million to shareholders during the quarter and raised its quarterly dividend by 5.4%. These results support confidence in underwriting, investment execution, and capital management, but the latest quarter benefited from an unusually strong earnings level and reinsurance results remain exposed to biometric claims, investment-market, credit, and complex-transaction risks. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$223.00 Mean target$266.89 High · most bullish analyst$302.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $223.0018% Adverse mortality or morbidity experience, weaker investment results, credit deterioration, or execution challenges in complex in-force transactions drive adjusted operating ROE below the 13% lower bound of management's range. Reduced capital flexibility or weaker transaction returns would further impair the thesis. Base CaseCentral scenario $266.8958% Matches the consensus meanEarnings normalize from the exceptionally strong second quarter while adjusted operating ROE remains within or moderately above the 13%-15% intermediate-term range. New business, in-force transactions, and investment income support growth, offset by ordinary claims variability. Bull CaseUpside scenario $302.0024% Sustained favorable claims experience, investment performance, and contributions from recently written and acquired business keep adjusted operating ROE above the 15% upper end of management's intermediate-term range. Disciplined transaction selection and shareholder distributions reinforce per-share value creation. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |