Reinsurance Group of America Inc (RGA)
Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. It offers individual and group life and health, disability, long-term care, and critical illness reinsurance; and financial solutions, such as asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer transactions, and capital solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risks; coinsurance of payout annuities; underwritten annuities; funding agreement backed note program and other capital motivated solutions; and superannuation. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.
- Symbol
- RGA
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Insurance - Reinsurance
- Market cap
- $15.98B
- 52 week range
- 178.21 - 257.81
Valuation
- Share price
- $246.75 (close of 2026-09-23)
- P/E (TTM)
- 10.67x
- Price to book
- 1.16x
- Price to free cash flow
- 5.36x
- Enterprise value
- $16.40B
- Book value per share
- $212.06
Price performance
| Period | Change |
|---|
| 1 day | +0.66% |
| 5 days | -0.65% |
| 1 month | +1.49% |
| 3 months | +16.53% |
| 6 months | +22.74% |
| Year to date | +21.28% |
| 1 year | +31.31% |
| 3 years | +66.09% |
| 5 years | +123.14% |
| 10 years | +128.89% |
| All time | +414.59% |
Profitability and growth
- Return on equity
- 8.72%
- Return on assets
- 0.75%
- Net margin
- 4.99%
- EBITDA margin
- 8.19%
- Revenue growth
- 7.20%
- Net income growth
- 64.85%
- Free cash flow growth
- -56.34%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 18.67%
- Net debt to EBITDA
- 0.19x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $23.70B
- EBITDA
- $1.94B
- Net income
- $1.18B
- Earnings per share
- $17.94
- Interest expense
- $366.00M
- Shares outstanding
- 65.90M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $23.70B | $1.18B | $17.94 |
| 2024-12-31 | $22.11B | $717.00M | $10.90 |
| 2023-12-31 | $18.57B | $902.00M | $13.60 |
| 2022-12-31 | $16.23B | $517.00M | $7.73 |
| 2021-12-31 | $16.67B | $1.17B | $17.26 |
| 2020-12-31 | $14.60B | $415.00M | $6.35 |
| 2019-12-31 | $14.30B | $870.00M | $13.88 |
| 2018-12-31 | $12.88B | $716.00M | $11.25 |
| 2017-12-31 | $12.52B | $1.82B | $28.28 |
| 2016-12-31 | $11.52B | $701.44M | $10.91 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | 4.99% | 8.72% |
| 2024-12-31 | 3.24% | 6.57% |
| 2023-12-31 | 4.86% | 9.84% |
| 2022-12-31 | 3.19% | 7.21% |
| 2021-12-31 | 7.02% | 14.30% |
| 2020-12-31 | 2.84% | 2.89% |
| 2019-12-31 | 6.08% | 7.50% |
| 2018-12-31 | 5.56% | 8.47% |
| 2017-12-31 | 14.56% | 19.04% |
| 2016-12-31 | 6.09% | 9.89% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $4.17B | $5.71B |
| 2024-12-31 | $3.33B | $5.04B |
| 2023-12-31 | $2.97B | $4.43B |
| 2022-12-31 | $2.93B | $3.96B |
| 2021-12-31 | $2.93B | $3.67B |
| 2020-12-31 | $2.95B | $3.57B |
| 2019-12-31 | $3.41B | $2.98B |
| 2018-12-31 | $1.45B | $2.79B |
| 2017-12-31 | $1.30B | $2.79B |
| 2016-12-31 | $1.20B | $3.09B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $4.09B | $42.00M |
| 2024-12-31 | $9.37B | $60.00M |
| 2023-12-31 | $4.04B | $46.00M |
| 2022-12-31 | $1.32B | $45.00M |
| 2021-12-31 | $4.16B | $55.00M |
| 2020-12-31 | $3.29B | $-12.00M |
| 2019-12-31 | $2.27B | $39.00M |
| 2018-12-31 | $1.55B | $30.00M |
| 2017-12-31 | $1.94B | $22.00M |
| 2016-12-31 | $1.42B | $33.10M |
Dividend history
- Most recent payment
- 2026-08-18
- Paid in the last twelve months
- $3.77
| Payment date | Dividend per share |
|---|
| 2026-08-18 | $0.98 |
| 2026-05-19 | $0.93 |
| 2026-02-17 | $0.93 |
| 2025-11-10 | $0.93 |
| 2025-08-12 | $0.93 |
| 2025-05-13 | $0.89 |
| 2025-02-18 | $0.89 |
| 2024-11-12 | $0.89 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $6.93
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $6.51 |
| 2026-05-07 | - | - |
| 2026-02-05 | - | - |
| 2025-10-30 | - | - |
| 2025-07-31 | - | - |
| 2025-05-01 | - | - |
| 2025-02-06 | - | - |
| 2024-10-31 | - | - |
Filings and sources
- Company website
- rgare.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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