REINSURANCE GROUP OF AMERICA INC
REINSURANCE GROUP OF AMERICA INC
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Marketable Securities | |||||||||||||||||
Available For Sale Securities Debt Securities | 107,328 | 101,769 | 99,573 | 86,043 | 84,507 | 77,617 | 78,149 | 70,491 | 65,827 | 60,467 | 54,171 | 56,236 | |||||
Equity Securities Fv Ni | 300 | 311 | 161 | 155 | 153 | 155 | 155 | 144 | 144 | 139 | 133 | 136 | |||||
Mortgage Loans On Real Estate Commercial And Consu… | 11,318 | 11,104 | 10,507 | 10,057 | 9,331 | 8,839 | 8,388 | 7,984 | 7,539 | 7,377 | 7,231 | 7,038 | |||||
Loans Insurance Policy | 3,703 | 3,541 | 3,570 | 1,294 | 1,284 | 1,321 | 1,285 | 1,171 | 1,198 | 1,206 | 1,180 | 1,202 | |||||
Funds Held Under Reinsurance Agreements Asset | 8,390 | 8,149 | 8,268 | 7,115 | 5,328 | 5,436 | 5,545 | 5,556 | 5,642 | 5,683 | 5,725 | 5,862 | |||||
Real Estate Investments Joint Ventures | 4,093 | 3,747 | 3,648 | 3,338 | 3,228 | 3,067 | 2,972 | 2,791 | 2,697 | 2,635 | 2,560 | 2,473 | |||||
Other Short Term Investments | 357 | 346 | 381 | 502 | 454 | 363 | 381 | 335 | 327 | 222 | 141 | 224 | |||||
Other Investments | 1,525 | 1,514 | 1,496 | 1,397 | 1,295 | 1,242 | 1,361 | 1,148 | 1,140 | 1,171 | 1,091 | 1,119 | |||||
Investments | 137,014 | 130,481 | 127,604 | 109,901 | 105,580 | 98,040 | 98,236 | 89,620 | 84,514 | 78,900 | 72,232 | 74,290 | |||||
Cash And Cash Equivalents At Carrying Value | 4,993 | 4,168 | 4,625 | 5,416 | 5,151 | 3,326 | 5,195 | 4,596 | 5,935 | 2,970 | 2,820 | 2,598 | |||||
Accrued Investment Income Receivable | 1,361 | 1,296 | 1,275 | 1,089 | 1,059 | 986 | 995 | 881 | 808 | 759 | 744 | 702 | |||||
Premiums And Other Receivables Net | 4,259 | 4,475 | 4,035 | 4,202 | 3,749 | 3,898 | 3,738 | 3,635 | 3,342 | 3,528 | 3,279 | 3,321 | |||||
Reinsurance Recoverables | 6,743 | 7,175 | 5,758 | 5,386 | 5,420 | 5,531 | 5,438 | 5,122 | 5,265 | 5,448 | 2,818 | 2,664 | |||||
Deferred Policy Acquisition Costs | 6,191 | 6,079 | 5,954 | 5,823 | 5,649 | 5,543 | 5,477 | 4,720 | 4,673 | 4,617 | 4,289 | 4,286 | |||||
Other Assets | 3,503 | 2,916 | 2,752 | 1,662 | 1,602 | 1,351 | 1,179 | 1,314 | 1,463 | 1,401 | 1,240 | 1,179 | |||||
Assets | 164,064 | 156,590 | 152,003 | 133,479 | 128,210 | 118,675 | 120,258 | 109,888 | 106,000 | 97,623 | 87,422 | 89,040 | |||||
Liability For Future Policy Benefits | 72,308 | 66,425 | 66,389 | 63,531 | 59,836 | 53,368 | 55,933 | 50,779 | 47,067 | 41,231 | 36,474 | 38,239 | |||||
Guaranteed Interest Contracts | 53,540 | 52,095 | 49,634 | 37,158 | 36,614 | 35,095 | 34,357 | 31,676 | 31,319 | 30,273 | 29,365 | 29,910 | |||||
Market Risk Benefit Net Amount At Risk | 249 | 234 | 238 | 233 | 243 | 223 | 247 | 217 | 228 | 258 | 224 | 235 | |||||
Liability For Unpaid Claims And Claims Adjustment … | 3,051 | 3,011 | 3,032 | 3,016 | 2,870 | 2,693 | 2,875 | 2,769 | 2,753 | 2,730 | 2,654 | 2,579 | |||||
Reinsurance Payable | 1,495 | 1,888 | 1,600 | 1,353 | 1,291 | 1,316 | 955 | 917 | 874 | 1,103 | 750 | 858 | |||||
Deferred Income Tax Liabilities | 3,182 | 2,998 | 2,591 | 2,454 | 2,250 | 2,199 | 2,059 | 1,866 | 1,897 | 1,862 | 1,601 | 1,424 | |||||
Funds Held Under Reinsurance Agreements Liability | 6,494 | 6,805 | 5,277 | 4,816 | 4,889 | 5,017 | 4,809 | 4,323 | 4,409 | 4,483 | - | - | |||||
Other Liabilities | 4,256 | 3,873 | 4,440 | 3,041 | 2,991 | 2,816 | 2,739 | 2,449 | 3,468 | 2,085 | 3,751 | 3,050 | |||||
Long Term Debt | 6,105 | 5,710 | 5,734 | 5,734 | 5,734 | 5,042 | 5,067 | 5,067 | 4,427 | 4,427 | 4,450 | 4,850 | |||||
Liabilities | 150,680 | 143,039 | 138,935 | 121,336 | 116,718 | 107,769 | 109,041 | 100,063 | 96,442 | 88,452 | 79,269 | 81,145 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Stockholders Equity Inclu… | |||||||||||||||||
Liabilities And Stockholders Equity | 164,064 | 156,590 | 152,003 | 133,479 | 128,210 | 118,675 | 120,258 | 109,888 | 106,000 | 97,623 | 87,422 | 89,040 | |||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital Common Stock | 2,661 | 2,640 | 2,628 | 2,624 | 2,608 | 2,600 | 2,577 | 2,567 | 2,549 | 2,544 | 2,534 | 2,522 | |||||
Retained Earnings Accumulated Deficit | 10,375 | 10,151 | 9,757 | 9,563 | 9,443 | 9,255 | 9,166 | 9,076 | 8,934 | 8,805 | 8,713 | 8,483 | |||||
Treasury Stock Value | -2,057 | -2,013 | -1,960 | -1,887 | -1,888 | -1,889 | -1,889 | -1,889 | -1,891 | -1,900 | -1,852 | -1,803 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 2,314 | 2,682 | 2,552 | 1,752 | 1,238 | 849 | 1,272 | -20 | -125 | -369 | -1,333 | -1,398 | |||||
Stockholders Equity | 13,294 | 13,551 | 12,978 | 12,053 | 11,492 | 10,906 | 11,217 | 9,825 | 9,468 | 9,081 | 8,063 | 7,895 | |||||
Minority Interest | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | |||||
Share Based Compensation … | |||||||||||||||||
Available For Sale Debt Securities Amortized Cost … | 114,976 | 107,264 | 104,461 | 91,888 | 89,709 | 82,907 | 81,606 | 76,161 | 70,790 | 64,977 | 62,332 | 62,185 | |||||
Preferred Stock Par Or Stated Value Per Share | 10,000 | 0.01 | 10,000 | 10,000 | 10,000 | 0.01 | 10,000 | 10,000 | 10,000 | 0.01 | 10,000 | 10,000 | |||||
Common Stock Par Or Stated Value Per Share | 10,000 | 0.01 | 10,000 | 10,000 | 10,000 | 0.01 | 10,000 | 10,000 | 10,000 | 0.01 | 10,000 | 10,000 | |||||
Common Stock Shares Authorized | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | |||||
Common Stock Shares Issued | 171 | 171 | 171 | 171 | 171 | 171 | 171 | 171 | 171 | 171 | 171 | 171 | |||||
Allowance For Loan And Lease Losses Real Estate | 115 | 117 | 113 | 107 | 89 | 93 | 87 | 75 | 77 | 67 | 74 | 57 | |||||
Financing Receivable Allowance For Credit Losses | 232 | 210 | 161 | 132 | 103 | 98 | 120 | 111 | 95 | 75 | 68 | 75 | |||||
Preferred Stock Shares Authorized | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||
Treasury Stock Common Shares | 19,801 | 19,847 | 19,601 | 19,219 | 19,225 | 19,438 | 19,447 | 19,438 | 19,522 | 19,690 | 19,438 | 19,099 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.27% | 2.67% | 13.94% | - | - | - | - | - | - | - | - | - |
| 2025 | 1.37% | -0.57% | -1.07% | 9.71% | 5.73% | 6.40% | 3.08% | 13.29% | 7.31% | -9.99% | -8.41% | -5.93% |
| 2024 | 4.18% | 3.18% | 6.26% | 3.10% | 6.92% | 5.56% | 7.67% | -3.14% | 4.07% | 1.12% | -5.94% | 8.17% |
| 2023 | - | - | - | 0.38% | 6.51% | 6.25% | 7.39% | 6.38% | 11.04% | 9.92% | 8.35% | 23.87% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 5.17 | 5.19 | 4.53 | 4.42 | 4.39 | 4.20 | 4.21 | 4.87 | 4.98 | 5.51 | 6.61 | 5.13 | |||||
Efficiency & Turnover | |||||||||||||||||
| Days Sales Outstanding TTM | 58.62 | 64.48 | 63.60 | 65.76 | 61.54 | 61.30 | 58.55 | 59.39 | 57.05 | 64.29 | 62.12 | 67.35 | |||||
| Receivables Turnover TTM | 6.23 | 5.66 | 5.74 | 5.55 | 5.93 | 5.95 | 6.23 | 6.15 | 6.40 | 5.68 | 5.88 | 5.42 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 18.55 | 17.69 | 12.94 | 11.49 | 11.84 | 10.72 | 11.00 | 12.96 | 12.97 | 13.55 | 15.45 | 9.87 | |||||
| Free Cash Flow Per Share TTM | 85.15 | 62.08 | 73.32 | 74.48 | 76.71 | 142.40 | 136.30 | 135.17 | 124.11 | 60.69 | 46.33 | 43.19 | |||||
| Dividend Per Share TTM | 3.72 | 3.64 | 3.59 | 3.56 | 3.52 | 3.48 | 3.44 | 3.39 | 3.36 | 3.30 | 3.27 | 3.19 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 98.46% | 98.46% | 98.41% | 98.46% | 98.50% | 98.62% | 98.69% | 98.69% | 98.68% | 98.62% | 98.64% | 98.69% | |||||
| Operating Profit Margin TTM | 6.47% | 6.50% | 5.63% | 5.28% | 5.12% | 4.43% | 4.20% | 5.08% | 5.23% | 6.25% | 7.69% | 5.47% | |||||
| Net Profit Margin TTM | 4.91% | 4.99% | 3.89% | 3.54% | 3.77% | 3.24% | 3.37% | 4.06% | 4.21% | 4.90% | 5.78% | 3.99% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 18.55% | 7.20% | 1.97% | 1.76% | 1.83% | 19.07% | 22.08% | 27.13% | 24.71% | 14.42% | 10.40% | 3.65% | |||||
| Net Income Growth (1Y) | 54.35% | 64.85% | 17.64% | -11.29% | -8.75% | -21.12% | -28.79% | 29.36% | 51.92% | 75.82% | 169.53% | 53.55% | |||||
| EPS Growth (1Y) | 56.73% | 64.60% | 17.64% | -11.29% | -8.75% | -20.52% | -28.79% | 31.32% | 54.22% | 77.41% | 173.62% | 53.55% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 10.79 | 11.25 | 14.43 | 16.69 | 16.02 | 19.08 | 18.91 | 15.06 | 14.08 | 11.28 | 8.81 | 13.09 | |||||
| P/B TTM | 0.99 | 0.98 | 0.96 | 1.07 | 1.11 | 1.25 | 1.25 | 1.33 | 1.29 | 1.12 | 1.13 | 1.11 | |||||
| P/S TTM | 0.53 | 0.56 | 0.56 | 0.59 | 0.60 | 0.62 | 0.64 | 0.61 | 0.59 | 0.55 | 0.51 | 0.52 | |||||
| Market Cap | 13.21B | 13.29B | 12.51B | 12.85B | 12.70B | 13.68B | 13.94B | 13.07B | 12.24B | 10.26B | 9.12B | 8.79B | |||||
| Enterprise Value | 14.33B | 14.84B | 13.62B | 13.17B | 13.29B | 15.40B | 13.81B | 13.55B | 10.73B | 11.71B | 10.75B | 11.04B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 5.54B | 4.09B | 4.84B | 4.92B | 5.06B | 9.37B | 9.00B | 8.92B | 8.19B | 4.02B | 3.06B | 2.89B | |||||
| Net Debt | 1.11B | 1.54B | 1.11B | 318.00M | 583.00M | 1.72B | -128.00M | 471.00M | -1.51B | 1.46B | 1.63B | 2.25B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
REINSURANCE GROUP OF AMERICA INC (RGA) — SEC Financial Statements & Analysis
REINSURANCE GROUP OF AMERICA INC (RGA) is a life insurance company, incorporated in MO. REINSURANCE GROUP OF AMERICA INC trades on NYSE as: RGA, RZB, RZC. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), REINSURANCE GROUP OF AMERICA INC reported a 18.55% year-over-year revenue growth, a Gross Profit Margin of 98.46% (TTM), a Price-to-Sales (P/S) ratio of 0.53x (TTM), a Price-to-Book (P/B) ratio of 0.99 (TTM), at a market cap of $13.21B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 18.55%
- Gross Profit Margin TTM
- 98.46%
- P/S TTM
- 0.53x
- P/B TTM
- 0.99
- Market Cap
- $13.21B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is REINSURANCE GROUP OF AMERICA INC in?
REINSURANCE GROUP OF AMERICA INC (RGA) operates in the Life Insurance industry.
What is RGA's market cap?
REINSURANCE GROUP OF AMERICA INC (RGA) has a market capitalization of $13.21B as of 2026-03-31.
What is RGA's P/E ratio?
REINSURANCE GROUP OF AMERICA INC (RGA)'s trailing twelve month P/E ratio is 10.79x as of 2026-03-31.
What exchange does RGA trade on?
REINSURANCE GROUP OF AMERICA INC (RGA) trades on the NYSE.
Where is REINSURANCE GROUP OF AMERICA INC incorporated?
REINSURANCE GROUP OF AMERICA INC is incorporated in MO.