RGA

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Reinsurance Group of America, Inc.

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Key Metrics

Previous Close: $240.70
52-Week Range: $178.21 – $251.00
Market Cap: $15.84B
P/E (TTM): 10.69
EPS (TTM): 22.70
Dividend Yield: 1.63%

Advanced Metrics

Price/Book: 1.16
PEG Ratio: 1.14
Return on Equity: 11.69%
Return on Assets: 0.95%
Gross Margin: 14.07%
Operating Margin: 10.64%
Profit Margin: 5.81%
Current Ratio: 1.17
Debt/Equity: 0.41
Total Debt: $5.71B
Free Cash Flow: $9.84B
Revenue Growth: 18.50%
Earnings Growth: 159.60%
Enterprise Value: $15.85B

RGA Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$15.88B	$18.40B	$22.05B	$23.68B
Pretax Income	$718.00M	$1.16B	$980.00M	$1.54B
Income Tax	$197.00M	$251.00M	$256.00M	$351.00M
Net Income	$517.00M	$902.00M	$717.00M	$1.18B
Diluted EPS	7.64	13.44	10.73	17.69
Diluted Shares	67.70M	67.12M	66.88M	66.81M

RGA Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$2.93B	$2.97B	$3.33B	$4.17B
Receivables	$2.67B	$5.45B	$5.53B	$7.17B
Total Assets	$84.90B	$97.62B	$118.67B	$156.59B
Long-Term Debt	$3.56B	$4.43B	$5.04B	$5.71B
Total Debt	$3.96B	$4.43B	$5.04B	$5.71B
Total Liabilities	$77.73B	$88.45B	$107.77B	$143.04B
Retained Earnings	$8.17B	$8.80B	$9.26B	$10.15B
Shareholders' Equity	$7.08B	$9.08B	$10.82B	$13.46B
Net Debt	$1.03B	$1.46B	$1.72B	$1.54B

RGA Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.34B	$4.04B	$9.37B	$4.09B
Capital Expenditure	-$25.00M	—	—	—
Free Cash Flow	$1.34B	$4.04B	$9.37B	$4.09B
Depreciation & Amortisation	$38.00M	$41.00M	$46.00M	$43.00M
Investing Cash Flow	-$5.69B	-$4.07B	-$12.54B	-$12.09B
Financing Cash Flow	$4.44B	$78.00M	$3.66B	$8.80B
Dividends Paid	-$205.00M	-$219.00M	-$229.00M	-$240.00M
Share Repurchases	-$81.00M	-$227.00M	-$27.00M	-$174.00M
Net Change in Cash	$91.00M	$56.00M	$486.00M	$795.00M

RGA Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$5.29B	$5.56B	$6.23B	$6.61B	$6.48B
Pretax Income	$369.00M	$341.00M	$320.00M	$510.00M	$441.00M
Income Tax	$81.00M	$160.00M	$65.00M	$45.00M	$110.00M
Net Income	$286.00M	$180.00M	$253.00M	$463.00M	$330.00M
Diluted EPS	4.27	2.70	3.81	6.97	4.98
Diluted Shares	66.86M	66.73M	66.51M	66.43M	66.23M

RGA Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$5.15B	$5.42B	$4.63B	$4.17B	$4.99B
Receivables	$5.42B	$5.39B	$5.76B	$7.17B	$6.74B
Total Assets	$128.21B	$133.48B	$152.00B	$156.59B	$164.06B
Long-Term Debt	$5.73B	$5.73B	$5.73B	$5.71B	$6.11B
Total Debt	$5.73B	$5.73B	$5.73B	$5.71B	$6.11B
Total Liabilities	$116.72B	$121.34B	$138.94B	$143.04B	$150.68B
Retained Earnings	$9.44B	$9.56B	$9.76B	$10.15B	$10.38B
Shareholders' Equity	$11.40B	$12.05B	$12.98B	$13.46B	$13.29B
Net Debt	$583.00M	$318.00M	$1.11B	$1.54B	$1.11B

RGA Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$1.43B	$820.00M	$990.00M	$852.00M	$2.87B
Free Cash Flow	$1.43B	$820.00M	$990.00M	$852.00M	$2.87B
Investing Cash Flow	-$1.70B	-$1.18B	-$5.95B	-$3.27B	-$3.70B
Financing Cash Flow	$2.07B	$540.00M	$4.21B	$1.99B	$1.67B
Dividends Paid	-$59.00M	-$59.00M	-$61.00M	-$61.00M	-$61.00M
Share Repurchases	-$38.00M	$0.00	-$75.00M	-$61.00M	-$94.00M
Net Change in Cash	$1.80B	$183.00M	-$756.00M	-$433.00M	$842.00M

Market Snapshot

About

Reinsurance Group of America is a leading global life and health reinsurance company. RGA provides reinsurance solutions for mortality, morbidity, and longevity risks, serving insurance companies worldwide. The company offers traditional and financial reinsurance, facultative underwriting, and product development support across life insurance, critical illness, disability, and longevity products in over 25 countries.