REINSURANCE GROUP OF AMERICA INC
In the published model solve dated 2026-Q2, anchored at $236.54, REINSURANCE GROUP OF AMERICA INC (RGA) is priced for 10.2% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
At $210.67, Reinsurance Group of America trades right around tangible book value (price-to-book near 1.04), while the methods place fair value above the price across asset, earnings, and relative lenses. The market is paying about book for a global life reinsurer that has been compounding book value steadily. The operating quality just stepped up. First-quarter 2026 adjusted operating income rose to $462 million, or $6.97 per share, net premiums grew 14.3 percent to $4.6 billion, and the traili
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590 institutional managers reported holding RGA in 13F filings for the quarter ended 2026-03-31. 59 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 1.2M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RGA has cut its share count 4.4% over the past five years, spending $700.00M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 15 years straight; the current rate is $3.64 a share annually. Cash returned over the past three years: $642.00M in dividends and $403.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at RGA over the trailing three years: 2023: 1 buy totaling $73k. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RGA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -1.5% | +3.9% |
| 2023-11-04 | +2.4% | +9.9% |
| 2024-02-27 | -3.9% | +6.7% |
| 2024-05-04 | +5.6% | +1.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RGA's latest 8-K filings: 2026-08-06 (items 2.02, 7.01, 9.01); 2026-07-09 (items 5.02, 9.01); 2026-07-01 (items 5.02, 7.01, 9.01); 2026-06-22 (items 5.02, 7.01, 9.01); 2026-05-21 (items 5.02, 5.07, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.