Reinsurance of America (RGA)
Market Price (4/19/2026): $211.13 | Market Cap: $13.9 BilSector: Financials | Industry: Reinsurance
Reinsurance of America (RGA)
Market Price (4/19/2026): $211.13Market Cap: $13.9 BilSector: FinancialsIndustry: Reinsurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 30% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -91% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 4.1 Bil, FCF LTM is 4.1 Bil Low stock price volatilityVol 12M is 24% Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include Longevity Risk Solutions, Mortality & Morbidity Risk Management, and Health Claims Reinsurance. | Weak multi-year price returns2Y Excs Rtn is -21%, 3Y Excs Rtn is -11% | Key risksRGA key risks include [1] market volatility's impact on the profitability of its variable annuities with guaranteed living benefits and [2] a notable reliance on investment income. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 30% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -91% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 4.1 Bil, FCF LTM is 4.1 Bil |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include Longevity Risk Solutions, Mortality & Morbidity Risk Management, and Health Claims Reinsurance. |
| Weak multi-year price returns2Y Excs Rtn is -21%, 3Y Excs Rtn is -11% |
| Key risksRGA key risks include [1] market volatility's impact on the profitability of its variable annuities with guaranteed living benefits and [2] a notable reliance on investment income. |
Qualitative Assessment
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Reinsurance of America (RGA) stock has gained about 5% since 12/31/2025 because of the following key factors:
1. A significant Q4 2025 earnings beat provided an initial boost to the stock. Reinsurance Group of America (RGA) reported adjusted operating earnings per share (EPS) of $7.75 for Q4 2025, substantially exceeding analysts' expectations of $5.79 by 33.85%. This strong performance, which also included a record full-year 2025 operating EPS of $24.42 (excluding notable items) and a 15.7% adjusted operating return on equity (ROE), led to a 10.06% surge in the stock price on February 6, 2026, closing at $226.72. The company also deployed $2.5 billion into in-force block transactions and repurchased $125 million of common shares in 2025.
2. Persistent headwinds in the Asia Pacific business and a strategic exit from the U.S. group healthcare segment weighed on future outlook. Despite strong overall results, RGA faced challenges in its Asia Pacific business, which contributed to a reduced Q1 2026 EPS forecast. Additionally, the company announced its exit from the U.S. group healthcare business, discontinuing the writing and renewing of this segment due to unfavorable U.S. group claims in 2025. This exit involves a block with approximately $400 million of premium, impacting future earnings.
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1. A significant Q4 2025 earnings beat provided an initial boost to the stock. Reinsurance Group of America (RGA) reported adjusted operating earnings per share (EPS) of $7.75 for Q4 2025, substantially exceeding analysts' expectations of $5.79 by 33.85%. This strong performance, which also included a record full-year 2025 operating EPS of $24.42 (excluding notable items) and a 15.7% adjusted operating return on equity (ROE), led to a 10.06% surge in the stock price on February 6, 2026, closing at $226.72. The company also deployed $2.5 billion into in-force block transactions and repurchased $125 million of common shares in 2025.
2. Persistent headwinds in the Asia Pacific business and a strategic exit from the U.S. group healthcare segment weighed on future outlook. Despite strong overall results, RGA faced challenges in its Asia Pacific business, which contributed to a reduced Q1 2026 EPS forecast. Additionally, the company announced its exit from the U.S. group healthcare business, discontinuing the writing and renewing of this segment due to unfavorable U.S. group claims in 2025. This exit involves a block with approximately $400 million of premium, impacting future earnings.
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Stock Movement Drivers
Fundamental Drivers
The 4.2% change in RGA stock from 12/31/2025 to 4/18/2026 was primarily driven by a 28.2% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4182026 | Change |
|---|---|---|---|
| Stock Price ($) | 202.60 | 211.07 | 4.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22,270 | 23,682 | 6.3% |
| Net Income Margin (%) | 3.9% | 5.0% | 28.2% |
| P/E Multiple | 15.4 | 11.7 | -24.0% |
| Shares Outstanding (Mil) | 66 | 66 | 0.6% |
| Cumulative Contribution | 4.2% |
Market Drivers
12/31/2025 to 4/18/2026| Return | Correlation | |
|---|---|---|
| RGA | 4.2% | |
| Market (SPY) | -5.4% | 40.2% |
| Sector (XLF) | -4.3% | 54.5% |
Fundamental Drivers
The 10.9% change in RGA stock from 9/30/2025 to 4/18/2026 was primarily driven by a 40.3% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4182026 | Change |
|---|---|---|---|
| Stock Price ($) | 190.38 | 211.07 | 10.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 21,650 | 23,682 | 9.4% |
| Net Income Margin (%) | 3.6% | 5.0% | 40.3% |
| P/E Multiple | 16.3 | 11.7 | -28.2% |
| Shares Outstanding (Mil) | 66 | 66 | 0.6% |
| Cumulative Contribution | 10.9% |
Market Drivers
9/30/2025 to 4/18/2026| Return | Correlation | |
|---|---|---|
| RGA | 10.9% | |
| Market (SPY) | -2.9% | 27.3% |
| Sector (XLF) | -2.3% | 49.9% |
Fundamental Drivers
The 9.2% change in RGA stock from 3/31/2025 to 4/18/2026 was primarily driven by a 53.5% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4182026 | Change |
|---|---|---|---|
| Stock Price ($) | 193.30 | 211.07 | 9.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22,046 | 23,682 | 7.4% |
| Net Income Margin (%) | 3.3% | 5.0% | 53.5% |
| P/E Multiple | 17.6 | 11.7 | -33.4% |
| Shares Outstanding (Mil) | 65 | 66 | -0.6% |
| Cumulative Contribution | 9.2% |
Market Drivers
3/31/2025 to 4/18/2026| Return | Correlation | |
|---|---|---|
| RGA | 9.2% | |
| Market (SPY) | 16.3% | 58.1% |
| Sector (XLF) | 6.3% | 68.3% |
Fundamental Drivers
The 68.3% change in RGA stock from 3/31/2023 to 4/18/2026 was primarily driven by a 53.3% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4182026 | Change |
|---|---|---|---|
| Stock Price ($) | 125.40 | 211.07 | 68.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,880 | 23,682 | 49.1% |
| Net Income Margin (%) | 3.3% | 5.0% | 53.3% |
| P/E Multiple | 16.2 | 11.7 | -27.5% |
| Shares Outstanding (Mil) | 67 | 66 | 1.5% |
| Cumulative Contribution | 68.3% |
Market Drivers
3/31/2023 to 4/18/2026| Return | Correlation | |
|---|---|---|
| RGA | 68.3% | |
| Market (SPY) | 63.3% | 47.9% |
| Sector (XLF) | 70.3% | 63.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RGA Return | -3% | 33% | 16% | 34% | -3% | 3% | 101% |
| Peers Return | 39% | 13% | 5% | 25% | 14% | -3% | 127% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 87% |
Monthly Win Rates [3] | |||||||
| RGA Win Rate | 50% | 42% | 50% | 50% | 42% | 50% | |
| Peers Win Rate | 63% | 58% | 60% | 65% | 62% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| RGA Max Drawdown | -16% | -9% | -14% | 0% | -21% | -4% | |
| Peers Max Drawdown | -2% | -10% | -21% | -1% | -9% | -12% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TRV, MET, AIG, HIG, PRU. See RGA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/17/2026 (YTD)
How Low Can It Go
| Event | RGA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -29.7% | -25.4% |
| % Gain to Breakeven | 42.2% | 34.1% |
| Time to Breakeven | 307 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -65.2% | -33.9% |
| % Gain to Breakeven | 187.4% | 51.3% |
| Time to Breakeven | 1,358 days | 148 days |
| 2018 Correction | ||
| % Loss | -21.9% | -19.8% |
| % Gain to Breakeven | 28.1% | 24.7% |
| Time to Breakeven | 373 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -66.5% | -56.8% |
| % Gain to Breakeven | 198.4% | 131.3% |
| Time to Breakeven | 1,533 days | 1,480 days |
Compare to TRV, MET, AIG, HIG, PRU
In The Past
Reinsurance of America's stock fell -29.7% during the 2022 Inflation Shock from a high on 5/6/2021. A -29.7% loss requires a 42.2% gain to breakeven.
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About Reinsurance of America (RGA)
Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks. In addition, it develops and markets technology solutions; and provides consulting and outsourcing solutions for the insurance and reinsurance industries. The company serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, Australia, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.
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RGA is like the Amazon Web Services (AWS) for insurance companies.
RGA is like the Visa or Mastercard for life insurance companies.
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```html- Life and Health Reinsurance: RGA offers reinsurance for a wide range of individual and group life and health insurance products, covering risks such as mortality, morbidity, lapse, critical illness, disability, and longevity.
- Financial Reinsurance and Capital Solutions: The company provides asset-intensive and financial reinsurance products, as well as other capital-motivated solutions, to manage investment-related risks for clients.
- Technology Solutions: RGA develops and markets technology solutions specifically designed for the insurance and reinsurance industries.
- Consulting and Outsourcing Solutions: They offer consulting expertise and outsourcing services to support operations within the insurance and reinsurance sectors.
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Reinsurance Group of America (RGA) primarily sells its services to other companies.
Based on the provided description, RGA's major customers are life insurance companies.
The background information specifies the type of customer but does not list the names of individual customer companies.
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Tony Cheng
President and Chief Executive Officer
Tony Cheng was named President of Reinsurance Group of America (RGA) in January 2023 and assumed the role of Chief Executive Officer on January 1, 2024. Prior to this, he served as Executive Vice President, Head of EMEA, Asia, and Australia for RGA Reinsurance Company, overseeing the company's operations in these regions. Mr. Cheng joined RGA in 1997, initially as Chief Actuary for a joint venture in Malaysia, and later became CEO of the Hong Kong office in 2004 and Senior Vice President, Asia in 2011. He holds a Bachelor of Economics from Macquarie University and an MBA from Washington University in St. Louis' John M. Olin School of Business. He is also a Fellow of the Institute of Actuaries of Australia and a past President of the Actuarial Society of Hong Kong.
Axel André
Executive Vice President and Chief Financial Officer
Axel André joined RGA as Executive Vice President on June 24, 2024, and became Chief Financial Officer effective August 5, 2024. Before joining RGA, Mr. André served as Executive Vice President and Chief Financial Officer at American Equity Investment Life Insurance Company (AEL) since 2021. He also held the position of Executive Vice President and Chief Financial Officer at Jackson National Life Insurance. Earlier in his career, he spent seven years at American International Group, Inc. (AIG), where his most recent role was Chief Financial Officer for their Individual Retirement business. Mr. André holds a Master of Science from Imperial College (University of London) and a PhD in Physics from Harvard University.
Leslie Barbi
Executive Vice President and Chief Investment Officer
Leslie Barbi serves as the Executive Vice President and Chief Investment Officer for Reinsurance Group of America.
Mark Brooks
Executive Vice President and Chief Information Officer
Mark Brooks holds the position of Executive Vice President and Chief Information Officer at Reinsurance Group of America.
Ron Herrmann
Executive Vice President, Head of the Americas
Ron Herrmann is the Executive Vice President and Head of the Americas for Reinsurance Group of America.
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The key risks for Reinsurance Group of America (symbol: RGA) are primarily centered around its core business of assuming life and health risks, managing significant investment portfolios, and operating within an increasingly complex digital and global landscape.
- Inaccurate Pricing Assumptions for Mortality, Morbidity, and Longevity, including the impact of Pandemics: RGA's profitability is fundamentally tied to the accuracy of its actuarial assumptions regarding mortality, morbidity (illness), and longevity (how long people live). If actual experience differs significantly from these assumptions, it can severely impact the company's financial results. Pandemics and epidemics are explicitly recognized as a major concern because they directly affect mortality and morbidity rates, potentially leading to higher claims than anticipated.
- Financial Market Volatility and Investment Risks: As a reinsurer, RGA maintains a substantial investment portfolio to support its long-term liabilities. The company is exposed to various financial risks, including credit defaults, changes in market values, interest rate fluctuations, and liquidity issues. Prolonged periods of low interest rates or significant asset defaults can negatively impact RGA's investment income and overall profitability.
- Cybersecurity Risks, including AI-enabled Cyberattacks: RGA, like other companies in the financial sector, relies heavily on secure digital infrastructure for its operations, data management, and client interactions. The increasing sophistication of cyber threats, particularly those enhanced by artificial intelligence, poses a significant risk. Successful cyberattacks could lead to data breaches, operational disruptions, reputational damage, and financial instability.
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Increasing prevalence of alternative capital solutions, such as insurance-linked securities (ILS), that directly transfer life and health risks from primary insurers to capital markets.
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Reinsurance Group of America, Incorporated (RGA) operates within the global reinsurance market, with a significant focus on individual and group life and health insurance products. The addressable market sizes for RGA's main products and services are as follows:Global Life and Health Reinsurance Market
The global life and health reinsurance market was valued at approximately USD 160.4 billion in 2023 and is projected to grow with a compound annual growth rate (CAGR) of 5.4% through 2029. Other estimates place the market at USD 180.4 billion in 2025, increasing to USD 190.15 billion in 2026, and is projected to reach USD 235.59 billion by 2030. Another report indicated the market was valued at USD 230.65 billion in 2022 and is estimated to reach USD 731.2 billion by 2032, exhibiting a CAGR of 12.5% from 2023 to 2032.Global Reinsurance Market (Overall)
The broader global reinsurance market, which includes life and health as well as property and casualty reinsurance, was valued at USD 621.39 billion in 2025 and is projected to grow to USD 1403.7 billion by 2034. In 2024, the global reinsurance market was valued at USD 711.75 billion and is projected to reach USD 2000.08 billion by 2034. The life and health reinsurance segment generated over 65% of the total revenue share in the overall reinsurance market in 2024.Regional Life and Health Reinsurance Markets
- North America: North America was the largest region in the life and health reinsurance market in 2025. The U.S. reinsurance market size (overall) was valued at USD 220.05 billion in 2024 and is expected to reach USD 630.10 billion by 2034.
- Europe: Western Europe was the second largest market in the life and health reinsurance market share in 2025. The reinsurance industry in Europe (overall) has a market size of €152.7 billion in 2026. The Europe health insurance market, a component of the health reinsurance market, was valued at USD 517.2 billion in 2025.
- Asia-Pacific: The Asia Pacific Life Reinsurance Market is valued at USD 51.6 billion as of 2024. This market was valued at USD 45.94 billion in 2022 and is expected to reach USD 103.80 billion by 2029. The region is projected to witness the most rapid growth in the global life reinsurance market.
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Here are 3-5 expected drivers of future revenue growth for Reinsurance Group of America (RGA) over the next 2-3 years:
- Growth in Traditional Reinsurance Markets: RGA anticipates continued strong premium growth across its traditional reinsurance business in key regions, including the U.S., Asia/Pacific (APAC), and EMEA (Europe, Middle East, and Africa). This growth is supported by efforts to broaden and deepen client relationships globally, with APAC specifically targeted for an 8-10% compound annual growth rate through 2027.
- Expansion of Financial Solutions Business and Pension Risk Transfer (PRT) Transactions: The Financial Solutions segment is expected to be a significant driver, particularly through large transactions such as the Equitable block, which is projected to contribute substantially to pre-tax income in 2026 and 2027. Strong Pension Risk Transfer (PRT) sales in the UK also contribute to this segment's growth. RGA aims to increase the proportion of revenue from non-traditional and financial solutions to 40% by 2030.
- New Product Development and Market Diversification: RGA is focused on developing and launching new products and reinsurance structures to enter or expand its presence in various markets. This includes new proprietary life products and new product introductions in regions like Hong Kong. The company's growth strategy emphasizes both geographic expansion and product diversification.
- Strategic Acquisitions and In-Force Management Actions: Strategic acquisitions, such as the $2.7 billion acquisition of a European life and health reinsurer in early 2024, have expanded RGA's footprint in key markets. Additionally, in-force management actions have significantly contributed to results, and RGA plans to deploy approximately $1.5 billion into new in-force transactions in 2026.
- Favorable Investment Performance: Strong investment performance, particularly from alternative investments and variable investment income, has consistently exceeded expectations and is identified as a key contributor to RGA's robust financial results and overall growth.
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Capital Allocation Decisions for Reinsurance Group of America (RGA)
Share Repurchases
- Reinsurance Group of America (RGA) authorized a new share repurchase program of up to $500 million in February 2026.
- The company completed a prior $125 million buyback plan in early February 2026.
- RGA repurchased $125 million of common shares during the full year 2025, including $50 million in the fourth quarter of 2025.
Share Issuance
- In February 2026, RGA priced $400 million of 6.375% Fixed-Rate Reset Subordinated Debentures due 2056 for general corporate purposes, including potential debt refinancing.
- In February 2025, the company priced $700 million of 6.650% Fixed-Rate Reset Subordinated Debentures due 2055, with proceeds intended to fund general corporate purposes, including the Equitable Holdings reinsurance transaction.
Outbound Investments
- RGA entered into an agreement with Equitable Holdings in February 2025 to reinsure $32 billion of life insurance liabilities, deploying $1.5 billion in capital for the transaction.
- In early 2024, RGA completed a $2.7 billion acquisition of a leading European life and health reinsurer, significantly expanding its presence in key Continental European markets.
- The company made strategic investments and anchor commitments in PACT Capital LLC (January 2025) and FoxPath Capital Partners (October 2025) to expand its presence in alternative asset management and credit secondary markets.
Capital Expenditures
- RGA invested over $150 million in its global analytics hub in 2024 to build proprietary AI models for predictive risk assessment.
- RGA X, the company's venture arm, deployed $75 million into InsurTech startups in 2024, targeting firms specializing in blockchain for parametric insurance and IoT for advanced health monitoring.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 120.75 |
| Mkt Cap | 40.7 |
| Rev LTM | 38,506 |
| Op Inc LTM | - |
| FCF LTM | 6,012 |
| FCF 3Y Avg | 6,461 |
| CFO LTM | 6,096 |
| CFO 3Y Avg | 6,465 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.3% |
| Rev Chg 3Y Avg | 6.3% |
| Rev Chg Q | 14.8% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 19.2% |
| CFO/Rev 3Y Avg | 20.4% |
| FCF/Rev LTM | 18.9% |
| FCF/Rev 3Y Avg | 20.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 40.7 |
| P/S | 1.0 |
| P/Op Inc | - |
| P/EBIT | 7.9 |
| P/E | 10.9 |
| P/CFO | 5.7 |
| Total Yield | 10.8% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 17.2% |
| D/E | 0.3 |
| Net D/E | -1.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.5% |
| 3M Rtn | 8.4% |
| 6M Rtn | 8.5% |
| 12M Rtn | 13.6% |
| 3Y Rtn | 58.5% |
| 1M Excs Rtn | -2.0% |
| 3M Excs Rtn | 4.5% |
| 6M Excs Rtn | -1.4% |
| 12M Excs Rtn | -17.8% |
| 3Y Excs Rtn | -10.9% |
Price Behavior
Price Behavior
| Market Price | $211.07 | |
| Market Cap ($ Bil) | 13.8 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -5.9% | |
| 50 Days | 200 Days | |
| DMA Price | $210.16 | $196.47 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 0.4% | 7.4% |
| 3M | 1YR | |
| Volatility | 27.8% | 24.3% |
| Downside Capture | 0.13 | 0.32 |
| Upside Capture | 105.23 | 65.18 |
| Correlation (SPY) | 40.4% | 38.1% |
RGA Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.59 | 1.09 | 0.86 | 0.52 | 0.86 | 0.80 |
| Up Beta | -0.48 | 3.94 | 3.17 | 1.31 | 0.86 | 0.87 |
| Down Beta | 0.26 | 0.41 | 0.33 | 0.34 | 1.01 | 1.05 |
| Up Capture | 75% | 122% | 77% | 51% | 61% | 37% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 23 | 32 | 68 | 135 | 401 |
| Down Capture | 84% | 57% | 58% | 35% | 84% | 81% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 13 | 19 | 31 | 58 | 117 | 347 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RGA | |
|---|---|---|---|---|
| RGA | 17.9% | 24.3% | 0.62 | - |
| Sector ETF (XLF) | 12.1% | 15.3% | 0.55 | 55.5% |
| Equity (SPY) | 21.1% | 12.9% | 1.32 | 38.2% |
| Gold (GLD) | 50.9% | 27.5% | 1.49 | -7.9% |
| Commodities (DBC) | 25.2% | 16.2% | 1.40 | -3.1% |
| Real Estate (VNQ) | 17.5% | 13.7% | 0.93 | 30.8% |
| Bitcoin (BTCUSD) | -7.8% | 42.6% | -0.08 | 21.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RGA | |
|---|---|---|---|---|
| RGA | 12.5% | 27.9% | 0.43 | - |
| Sector ETF (XLF) | 10.0% | 18.7% | 0.42 | 63.7% |
| Equity (SPY) | 10.8% | 17.1% | 0.49 | 47.9% |
| Gold (GLD) | 22.6% | 17.8% | 1.04 | -1.9% |
| Commodities (DBC) | 11.6% | 18.8% | 0.51 | 13.9% |
| Real Estate (VNQ) | 4.4% | 18.8% | 0.14 | 34.2% |
| Bitcoin (BTCUSD) | 5.2% | 56.5% | 0.31 | 19.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RGA | |
|---|---|---|---|---|
| RGA | 10.6% | 32.8% | 0.39 | - |
| Sector ETF (XLF) | 13.4% | 22.2% | 0.55 | 72.2% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 58.2% |
| Gold (GLD) | 14.3% | 15.9% | 0.75 | -3.8% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 23.4% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 50.5% |
| Bitcoin (BTCUSD) | 68.4% | 66.9% | 1.07 | 13.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/5/2026 | 9.4% | 9.4% | 0.6% |
| 10/30/2025 | -3.5% | 1.2% | 2.4% |
| 7/31/2025 | -7.9% | -5.5% | 1.7% |
| 5/1/2025 | 5.8% | 8.1% | 9.4% |
| 2/6/2025 | -9.6% | -11.3% | -18.9% |
| 10/31/2024 | 1.9% | 4.5% | 8.2% |
| 8/1/2024 | -7.5% | -9.8% | -0.6% |
| 5/2/2024 | 5.5% | 7.2% | 8.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 15 | 16 |
| # Negative | 11 | 8 | 7 |
| Median Positive | 3.9% | 4.5% | 7.1% |
| Median Negative | -6.1% | -5.9% | -4.9% |
| Max Positive | 11.9% | 13.3% | 16.4% |
| Max Negative | -12.7% | -11.3% | -18.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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