insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · RGA

1Y3Y5YMax
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AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$23.70B$22.11B$18.57B$16.26B$16.66B$14.60B
Cost of Revenue------
Gross Profit------
R&D------
SG&A------
Total Operating Expenses------
D&A$43.00M$46.00M$41.00M$38.00M$43.00M$49.00M
Operating Income$1.54B$980.00M$1.16B$831.00M$553.00M$553.00M
Interest Expense$366.00M$304.00M$257.00M$184.00M$127.00M$170.00M
Income Tax$351.00M$256.00M$251.00M$204.00M$74.00M$138.00M
Net Income$1.18B$717.00M$902.00M$623.00M$617.00M$415.00M
EPS - Basic$17.94$10.90$13.60$9.31$9.10$6.35
EPS - Diluted$17.69$10.73$13.44$9.21$9.04$6.31

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$4.17B$3.33B$2.97B$2.93B$2.95B$3.41B
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$156.59B$118.67B$97.62B$84.71B$92.17B$84.66B
Current Liabilities------
Long-term Debt$5.71B$5.04B$4.43B$3.96B$3.67B$3.57B
Total Liabilities$143.04B$107.77B$88.45B$80.47B$79.16B$70.30B
Stockholders' Equity$13.46B$10.82B$9.08B$4.14B$13.01B$14.35B
Retained Earnings$10.15B$9.26B$8.80B$8.97B$8.56B$8.15B

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$4.09B$9.37B$4.04B$1.34B$4.18B$3.32B
Investing Cash Flow($12.09B)($12.54B)($4.07B)($5.69B)($4.63B)($2.68B)
Financing Cash Flow$8.80B$3.66B$78.00M$4.44B$20.00M$1.25B
CapEx---$25.00M$19.00M$28.00M
Free Cash Flow---$1.32B$4.16B$3.29B

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin6.5%4.4%6.2%5.1%3.3%3.8%
EBITDA margin6.7%4.6%6.5%5.3%3.6%4.1%
Net margin5.0%3.2%4.9%3.8%3.7%2.8%
Free cash flow margin---8.1%25.0%22.6%
FCF / Net income---2.126.757.94
R&D / Revenue------
SG&A / Revenue------
Effective tax rate22.9%26.3%21.8%24.7%10.7%25.0%
Return on assets0.8%0.6%0.9%0.7%0.7%0.5%
Return on equity8.8%6.6%9.9%15.0%4.7%2.9%
Return on invested capital6.2%4.6%6.7%7.7%3.0%2.3%
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity0.420.470.490.960.280.25
Debt / Assets0.040.040.050.050.040.04
Debt / EBITDA3.614.913.694.566.155.94
Interest coverage4.2x3.2x4.5x4.5x4.4x3.3x
Equity multiplier11.6310.9710.7520.447.085.90
Liabilities / Assets0.910.910.910.950.860.83
Efficiency
Asset turnover0.150.190.190.190.180.17
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E11.5x19.9x12.0x15.4x12.1x18.4x
P / B1.0x1.3x1.2x2.3x0.6x0.5x
P / S0.6x0.6x0.6x0.6x0.4x0.5x
EV / EBITDA9.6x15.6x10.3x12.3x13.8x12.9x
Growth
Revenue growth (YoY)7.2%19.1%14.2%-2.4%14.1%2.1%
Revenue CAGR (3y)13.4%9.9%8.4%4.4%9.0%5.3%
Revenue CAGR (5y)10.2%9.1%7.6%5.4%7.7%7.0%
Gross profit growth (YoY)------
Operating income growth (YoY)57.1%-15.5%39.6%50.3%0.0%-51.1%
Net income growth (YoY)64.9%-20.5%44.8%1.0%48.7%-52.3%
EPS growth (YoY)64.9%-20.2%45.9%1.9%43.3%-53.7%
EPS CAGR (3y)24.3%5.9%28.7%-12.2%-6.3%-38.9%
EPS CAGR (5y)22.9%-4.7%4.1%-19.8%-3.5%-3.3%
FCF growth (YoY)----68.3%26.4%44.9%
FCF CAGR (5y)----7.4%24.0%9.8%
Book value growth (YoY)24.5%19.1%119.1%-68.1%-9.3%23.7%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$699.00M total
Corporate And Other$699.00M · 100.0%

Product / service

$12.33B total
Life Insurance Segment$9.13B · 74.0%
Other Insurance Product Line$3.21B · 26.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9
Neutral
  • ✓Net income positive
  • ✓Operating cash flow positive
  • ✓ROA improved YoY
  • ✓Cash flow > net income
  • ✗Long-term debt decreased
  • -Current ratio improved
  • ✓No share dilution
  • -Gross margin improved
  • ✗Asset turnover improved

Peer comparison

Same SIC group: Life Insurance

CompanyRevenue (last FY)Net marginROE
JXN$6.68B0.4%0.3%
MET$77.08B4.4%11.9%
PRU$60.77B5.9%11.0%
LNC$18.21B6.5%10.8%
VOYA$8.19B8.0%13.2%

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-datePer 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