Reinsurance Group of America $(RGA)$ reported net income available to shareholders of USD 463 million for the fourth quarter (Q4) of 2025, with diluted earnings per share of USD 6.97. For the full year (FY) 2025, net income available to shareholders was USD 1.18 billion, representing a 9.7 percent increase. Adjusted operating income for FY 2025 reached USD 1.52 billion, up 14.7 percent. Excluding notable items after tax, adjusted operating income for the year was USD 1.63 billion, an increase of 15.7 percent. RGA provided a reconciliation of net income to adjusted operating income, including capital gains and losses, derivatives, and other income adjustments, as well as changes in the fair value of embedded derivatives and tax-related items. The company highlighted its continued provision of detailed financial information for all segments and its investment portfolio through its Investor Relations website, along with periodic reports and press releases. RGA continues to emphasize the use of non-GAAP financial measures to present a clearer picture of operating performance.

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