RGA · Reinsurance Group of America Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.49B | - | $6.20B | $5.60B | $5.26B | - | $5.65B | $4.88B | $6.34B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $441.00M | - | $320.00M | $341.00M | $369.00M | - | $214.00M | $269.00M | $272.00M | - |
| Interest Expense | $99.00M | - | $98.00M | $90.00M | $80.00M | - | $78.00M | $72.00M | $68.00M | - |
| Income Tax | $110.00M | - | $65.00M | $160.00M | $81.00M | - | $56.00M | $65.00M | $60.00M | - |
| Net Income | $330.00M | - | $253.00M | $180.00M | $286.00M | - | $156.00M | $203.00M | $210.00M | - |
| EPS - Basic | $5.04 | - | $3.85 | $2.72 | $4.33 | - | $2.37 | $3.07 | $3.20 | - |
| EPS - Diluted | $4.98 | - | $3.81 | $2.70 | $4.27 | - | $2.33 | $3.03 | $3.16 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.99B | $4.17B | $4.63B | $5.42B | $5.15B | $3.33B | $5.20B | $4.60B | $5.93B | $2.97B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $164.06B | $156.59B | $152.00B | $133.48B | $128.21B | $118.67B | $120.26B | $109.89B | $106.00B | $97.62B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $6.11B | $5.71B | $5.73B | $5.73B | $5.73B | $5.04B | $5.07B | $5.07B | $4.43B | $4.43B |
| Total Liabilities | $150.68B | $143.04B | $138.94B | $121.34B | $116.72B | $107.77B | $109.04B | $100.06B | $96.44B | $88.45B |
| Stockholders' Equity | $13.29B | $13.46B | $12.98B | $12.05B | $11.40B | $10.82B | $11.13B | $9.73B | $9.47B | $9.08B |
| Retained Earnings | $10.38B | $10.15B | $9.76B | $9.56B | $9.44B | $9.26B | $9.17B | $9.08B | $8.93B | $8.80B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.87B) | - | - | - | ($1.43B) | - | - | - | ($5.74B) | - |
| Investing Cash Flow | ($3.70B) | - | - | - | ($1.70B) | - | - | - | ($3.72B) | - |
| Financing Cash Flow | $1.67B | - | - | - | $2.07B | - | - | - | $1.00B | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 6.8% | - | 5.2% | 6.1% | 7.0% | - | 3.8% | 5.5% | 4.3% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 5.1% | - | 4.1% | 3.2% | 5.4% | - | 2.8% | 4.2% | 3.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 25.0% | - | 20.4% | 47.1% | 22.1% | - | 26.4% | 24.3% | 22.2% | - |
| Return on assets | 0.2% | - | 0.2% | 0.1% | 0.2% | - | 0.1% | 0.2% | 0.2% | - |
| Return on equity | 2.5% | - | 1.9% | 1.5% | 2.5% | - | 1.4% | 2.1% | 2.2% | - |
| Return on invested capital | 1.7% | - | 1.4% | 1.0% | 1.7% | - | 1.0% | 1.4% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.46 | 0.42 | 0.44 | 0.48 | 0.50 | 0.47 | 0.46 | 0.52 | 0.47 | 0.49 |
| Debt / Assets | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 4.5x | - | 3.3x | 3.8x | 4.6x | - | 2.7x | 3.7x | 4.0x | - |
| Equity multiplier | 12.34 | 11.63 | 11.71 | 11.07 | 11.24 | 10.97 | 10.81 | 11.29 | 11.20 | 10.75 |
| Liabilities / Assets | 0.92 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.04 | 0.04 | 0.04 | - | 0.05 | 0.04 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 41.0x | - | 50.4x | 73.5x | 46.1x | - | 93.5x | 67.7x | 61.0x | - |
| P / B | 1.0x | - | 1.0x | 1.1x | 1.2x | - | 1.3x | 1.4x | 1.4x | - |
| P / S | 2.1x | - | 2.1x | 2.4x | 2.5x | - | 2.6x | 2.8x | 2.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 23.5% | - | 9.8% | 14.8% | -17.0% | - | 9.7% | 17.4% | 49.1% | - |
| Revenue CAGR (3y) | 15.2% | - | 15.1% | 12.9% | 10.2% | - | 11.8% | 5.6% | 15.4% | - |
| Revenue CAGR (5y) | 9.5% | - | 11.2% | 9.2% | 10.4% | - | 9.3% | 7.1% | 13.1% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 19.5% | - | 49.5% | 26.8% | 35.7% | - | -43.7% | 1.5% | -22.5% | - |
| Net income growth (YoY) | 15.4% | - | 62.2% | -11.3% | 36.2% | - | -45.6% | -1.0% | -16.7% | - |
| EPS growth (YoY) | 16.6% | - | 63.5% | -10.9% | 35.1% | - | -45.7% | -0.7% | -15.1% | - |
| EPS CAGR (3y) | 10.2% | - | -3.1% | -2.6% | - | - | - | -15.5% | 15.9% | - |
| EPS CAGR (5y) | 19.7% | - | 4.1% | 1.7% | - | - | -10.8% | -1.0% | 3.6% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.6% | 24.5% | 16.6% | 23.8% | 20.4% | 19.1% | 38.0% | 24.7% | 24.2% | 119.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$699.00M totalCorporate And Other$699.00M · 100.0%
Product / service
$12.33B totalLife Insurance Segment$9.13B · 74.0%
Other Insurance Product Line$3.21B · 26.0%
Peer comparison
Same SIC group: Life Insurance
Comparing REINSURANCE GROUP OF AMERICA INC against the 5 most active filers in the same SIC group.
Dividends
$3.72/share trailing 12 months · +4.5% YoY
| Ex-date | Per share |
|---|---|
| May 19, 2026 | $0.9300 |
| Feb 17, 2026 | $0.9300 |
| Nov 10, 2025 | $0.9300 |
| Aug 12, 2025 | $0.9300 |
| May 13, 2025 | $0.8900 |
| Feb 18, 2025 | $0.8900 |
| Nov 12, 2024 | $0.8900 |
| Aug 13, 2024 | $0.8900 |
| May 13, 2024 | $0.8500 |
| Feb 12, 2024 | $0.8500 |
| Nov 13, 2023 | $0.8500 |
| Aug 14, 2023 | $0.8500 |
| May 15, 2023 | $0.8000 |
| Feb 13, 2023 | $0.8000 |
| Nov 14, 2022 | $0.8000 |
| Aug 15, 2022 | $0.8000 |
| May 16, 2022 | $0.7300 |
| Feb 14, 2022 | $0.7300 |
| Nov 15, 2021 | $0.7300 |
| Aug 16, 2021 | $0.7300 |
| May 17, 2021 | $0.7000 |
| Feb 17, 2021 | $0.7000 |
| Nov 16, 2020 | $0.7000 |
| Aug 13, 2020 | $0.7000 |