Here’s what key metrics tell us about reinsurance group (RGA) Q4 earnings

Reinsurance Group (RGA – Free Report) reported $6.77 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 23.4%. EPS of $7.75 for the same period compares to $4.99 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $6.11 billion, representing a surprise of +10.86%. The company delivered an EPS surprise of +32.16%, with the consensus EPS estimate being $5.86.

While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.

Here is how Reinsurance Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net premiums- U.S. and Latin America- Financial Solutions: $443 million versus $218.7 million estimated by three analysts on average.
• Net premiums- EMEA Financial Solutions: $263 million versus the three-analyst average estimate of $217.71 million.
• Other Revenues- Asia Pacific Financial Solutions: $12 million compared to the $5.62 million average estimate based on three analysts.
• Other Revenues- Asia Pacific Traditional: $7 million versus the three-analyst average estimate of $3.67 million.
• Other Revenues- Canada Financial Solutions: $1 million versus the three-analyst average estimate of $4.56 million.
• Other Revenues- Corporate and Other: $29 million versus the three-analyst average estimate of $18.92 million.
• Other Revenues- EMEA Financial Solutions: $14 million versus $13.28 million estimated by three analysts on average.
• Net investment income- Asia Pacific Financial Solutions: $288 million versus $252.94 million estimated by three analysts on average.
• Net investment income- Asia Pacific Traditional: $76 million versus $74.41 million estimated by three analysts on average.
• Net investment income: $1.69 billion versus the four-analyst average estimate of $1.49 billion. The reported number represents a year-over-year change of +42.7%.
• Revenues- Net premiums: $4.78 billion versus the four-analyst average estimate of $4.37 billion. The reported number represents a year-over-year change of +15%.
• Revenues- Other revenues: $299 million compared to the $322.79 million average estimate based on four analysts. The reported number represents a change of +103.4% year over year.