What move does the options market price into Reinsurance Group of America's report?

Implied ±4.7%, either direction.

RGANYSELife Insurance

Reinsurance Group of America Inc (RGA) earnings date, market-implied expected move, and options open interest by expiry

264.46

+1.01 · +0.38%

post 265.00 +0.21%

Closed16:47 ET

Open263.29Volume430,740Mkt cap$17.3BP/E11.52EPS23.00Div yield1.42%

Day262.65 – 265.00100%52-wk175.13 – 272.4492%

RGA

Reinsurance Group of America Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±4.7%implied · report alone

252.39277.07

straddle ±5.7%

spot 264.73exp Nov 20ATM strike 260ATM straddle 17.80IV 35%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 5 days

est.Q3 FY26

Calendar

Next report

Last report

+4.24%

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

43dEQH · supplierEquitable (EQH) Just Put Bitcoin Inside a Retirement Annuity
74dBHF · customerBrighthouse Stock Falls After Regulator Details Plan to Scrutinize Deal
83dHMN · customerHorace Mann Educators Q2 Earnings Call Highlights

News

Largest filed tie

13F top-10 QoQ

−0.28%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

631 managers

Top fund weight

0.38%

RGA weight · MDY

N-PORTJun 30 '26

5 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Reinsurance Group of America (RGA) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed—▲+4.24%—

quarterimplied−5%0+5%realized×

Q2 FY26—▲+4.24%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 28 close

1.30OI · 4 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4730%Nov 2020d3650%

10%Dec 1848d—0——

340%Jan 1576d0.021,8550%0.02

6+100%Apr 16167d0.09640%0.09

ExpiryPutsCallsP/C

Nov 2020d4730%3650%1.30

Dec 1848d10%0——

Jan 1576d340%1,8550%0.02

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±5.7%

Funds 4

MDY±0.0%

REVS±0.0%

VIG±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

7.10%as filednet margin · revenue +2.20% QoQ · +18.64% YoY

Revenue$6.5B+2.20%

Pre-tax income$605M+37.19%

Net income$464M7.10%+40.18%

Tax$141M+28.18%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:45 ET

Intraday

Event sensitivity

NFP ×1.56· ±1.7% vs ±1.1% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.7%5 of 10×1.56

FOMCrate decision±1.3%12 of 24×1.13

PCEpersonal income & outlays±1.2%11 of 19×1.03

GDPgross domestic product±1.1%10 of 19×1.00

CPIconsumer prices±1.1%5 of 10×0.96

CPROFcorporate profits±1.0%5 of 12×0.93

PPIproducer prices±1.0%6 of 10×0.87

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 7.01 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	7.01	—
Q1 FY26	—	4.98	—
Q3 FY25	—	3.81	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod