As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at reinsurance stocks, starting with Reinsurance Group of America (NYSE: RGA).

This is a cyclical industry, and the sector benefits when there is 'hard market', characterized by strong premium rate increases that outpace loss and cost inflation, resulting in robust underwriting margins. The opposite is true in a 'soft market'. Interest rates also matter, as they determine the yields earned on fixed-income portfolios. The primary headwind remains the immense and concentrated exposure to large-scale catastrophe losses, as the growing impact of climate change challenges traditional risk models and creates significant earnings volatility. Additionally, they face the risk of adverse prior-year reserve development, where claims prove more costly than anticipated, while the eventual influx of new capital from alternative sources threatens to soften the market and compress future returns.

The 6 reinsurance stocks we track reported a strong Q1. As a group, revenues missed analysts’ consensus estimates by 1.4%.

Luckily, reinsurance stocks have performed well with share prices up 10.4% on average since the latest earnings results.

Reinsurance Group of America (NYSE: RGA)

Operating behind the scenes of the insurance industry since 1973, Reinsurance Group of America (NYSE: RGA) provides life and health reinsurance services to insurance companies, helping them manage risk and meet regulatory requirements.

Reinsurance Group of America reported revenues of $6.64 billion, up 24.3% year on year. This print exceeded analysts’ expectations by 3.1%. Overall, it was a stunning quarter for the company with a solid beat of analysts’ book value per share and EPS estimates.

Tony Cheng, President and Chief Executive Officer, commented, “RGA delivered a strong start to 2026, with first quarter performance exceeding expectations across many regions and businesses. The results reflect disciplined execution, strong underlying fundamentals, and the continued benefits of our diversified global platform.

Reinsurance Group of America pulled off the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 8.6% since reporting and currently trades at $231.16.

Is now the time to buy Reinsurance Group of America? Access our full analysis of the earnings results here, it’s free.

Best Q1: Hamilton Insurance Group (NYSE: HG)

Founded in 2013 and operating through three distinct underwriting platforms across four countries, Hamilton Insurance Group (NYSE: HG) operates global specialty insurance and reinsurance platforms across Lloyd's, Ireland, Bermuda, and the United States.

Hamilton Insurance Group reported revenues of $758.9 million, down 1.3% year on year, outperforming analysts’ expectations by 14.1%. The business had an incredible quarter with a beat of analysts’ EPS estimates.

Hamilton Insurance Group delivered the biggest analyst estimate beat among its peers. The market seems happy with the results as the stock is up 5.6% since reporting. It currently trades at $34.62.

Is now the time to buy Hamilton Insurance Group? Access our full analysis of the earnings results here, it’s free.

Slowest Q1: AXIS Capital (NYSE: AXS)

Founded in the aftermath of the 9/11 attacks when insurance capacity was scarce, AXIS Capital Holdings Limited (NYSE: AXS) is a global specialty insurer and reinsurer that provides coverage for complex risks across property, liability, professional lines, cyber, and other specialty markets.

AXIS Capital reported revenues of $1.67 billion, up 7.7% year on year, falling short of analysts’ expectations by 3.1%. It was a softer quarter as it posted a miss of analysts’ net premiums earned and book value per share estimates.

Interestingly, the stock is up 15.5% since the results and currently trades at $113.14.

Read our full analysis of AXIS Capital’s results here.

Pelagos Insurance (NYSE: PLGO)

Founded in Bermuda in 2014 and designed to adapt nimbly to evolving market conditions, Pelagos Insurance (NYSE: PLGO) is a global specialty insurance and reinsurance company focused on creating value through strategic capital allocation, expert risk selection and a network of long-term underwriting partnerships.

Pelagos Insurance reported revenues of $610.6 million, down 7.3% year on year. This result beat analysts’ expectations by 4.7%. It was a stunning quarter as it also produced a beat of analysts’ EPS and net premiums earned estimates.

The stock is up 23.8% since reporting and currently trades at $25.05.

Read our full, actionable report on Pelagos Insurance here, it’s free.

RenaissanceRe (NYSE: RNR)

Born in Bermuda after the devastating Hurricane Andrew created a crisis in the catastrophe insurance market, RenaissanceRe (NYSE: RNR) provides property, casualty, and specialty reinsurance and insurance solutions to customers worldwide, primarily through intermediaries.

RenaissanceRe reported revenues of $2.19 billion, down 36.8% year on year. This number came in 21.4% below analysts’ expectations. Aside from that, it was a mixed quarter as it also logged a beat of analysts’ EPS estimates but a significant miss of analysts’ net premiums earned estimates.

RenaissanceRe had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is up 1.4% since reporting and currently trades at $315.07.

Read our full, actionable report on RenaissanceRe here, it’s free.

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