Shares of Reinsurance Group of America (RGA) are soaring 9.13% in pre-market trading on Friday, following the company's impressive first-quarter earnings report that exceeded analyst expectations. The significant uptick comes as a welcome change for investors, as RGA's stock had fallen 4.9% in the previous quarter and lost 12.3% year-to-date.

For the quarter ended March 31, 2025, Reinsurance Group of America reported adjusted earnings of $5.66 per share, handily beating the mean expectation of $5.32 from eleven analysts. This performance, while lower than the $6.02 per share reported in the same quarter last year, showcased the company's resilience in a challenging market. However, revenue fell 17% to $5.26 billion, falling short of the $5.68 billion analysts had anticipated.

Despite the mixed results, the market's positive reaction suggests investors are focusing on the earnings beat and the company's ability to outperform expectations. This sentiment is echoed by analysts, with Piper Sandler maintaining a "Buy" rating on RGA. The current average analyst recommendation for Reinsurance Group of America is "buy," with 8 "strong buy" or "buy" ratings and 3 "hold" ratings. Wall Street's median 12-month price target for RGA stands at $246.00, indicating potential upside from current levels.