Reinsurance Group of America, Incorporated RGA

248.65 3.24 1.32% as of 25 Sep
Market cap
$16.0B
P/E
10.8×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 3.68
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — 2 — — 1 —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 16,030.00
Revenue 25,970.00
Net Income 1,182.00
Free Cash Flow 5,199.00
Net Debt 421.00
Current Ratio 0.14
Debt/Equity 0.41
P/E ratio 10.80
P/S ratio 0.62
P/B ratio 1.17
Past 5Y EPS Growth (5.04%)
This Y EPS Growth 30.08%
Next Y EPS Growth 0.62%
Next 5Y EPS Growth 12.25%
in millions of $

Dividends

Payout Ratio 0.28
Annual Dividend Rate 3.40
Annual Dividend Yield 2.10%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.87
0.93
0.93
0.98
2025 3.64
0.89
0.89
0.93
0.93
2024 3.48
0.85
0.85
0.89
0.89
2023 3.30
0.80
0.80
0.85
0.85
2022 3.06
0.73
0.73
0.80
0.80
2021 2.86
0.70
0.70
0.73
0.73
2020 2.80
0.70
0.70
0.70
0.70
2019 2.60
0.60
0.60
0.70
0.70
2018 2.20
0.50
0.50
0.60
0.60
2017 1.82
0.41
0.41
0.50
0.50
2016 1.56
0.37
0.37
0.41
0.41
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 2,970 3,326 4,168 5,288
Receivables 9,735 10,415 12,946 12,824
Inventory — — — —
Other — — — —
12,705 13,741 17,114 18,112
2023 2024 2025 Q'26
Payables 45,064 57,377 71,324 77,695
ST’ Debt — — — —
Other 30,273 35,095 52,095 56,085
75,337 92,472 123,419 133,780
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 8.57% 10.18% 13.46%
Cash Flow 6.95% 4.25% 44.96%
Earnings 8.94% 23.29% 31.74%
Book Value 8.25% (1.14%) 23.63%

Revenue

Mar Jun Sep Dec Year
’26 6,494 6,637 — — —
’25 5,260 5,599 6,204 6,635 23,698
’24 6,337 4,878 5,651 5,241 22,107
’23 4,251 4,156 5,153 5,007 18,567
’22 3,917 3,903 4,050 4,357 16,227
’21 4,119 4,137 4,043 4,368 16,667
’20 3,204 3,606 3,643 4,143 14,596
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 2,873 484 — — —
’25 1,429 820 990 852 4,091
’24 5,736 967 1,067 1,600 9,370
’23 1,574 244 1,000 1,226 4,044
’22 163 79 835 266 1,343
’21 2,366 (36) 1,491 361 4,182
’20 2,207 372 200 543 3,322
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 2,873 484 — — —
’25 1,429 820 990 852 4,091
’24 5,736 967 1,067 1,600 9,370
’23 1,569 232 980 1,226 4,044
’22 157 73 828 260 1,318
’21 2,362 (42) 1,486 357 4,163
’20 2,201 367 194 532 3,294
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 4.98 7.01 — — —
’25 4.27 2.70 3.81 6.97 17.69
’24 3.16 3.03 2.33 2.22 10.73
’23 3.72 3.05 4.29 2.37 13.44
’22 2.90 1.56 (1.10) 4.34 9.21
’21 2.03 5.02 (0.32) 10.42 17.13
’20 (1.41) 2.48 3.12 1.94 6.31
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
76.96 121.93 127.84 136.50 55.39 94.32 97.61 120.99 162.00 159.25

Analyst estimates 2026–2028

Powerpack
Low Price
129.28 165.12 164.86 169.26 164.68 134.93 148.75 170.62 233.81 232.97
High Price
2,482 2,640 2,767 3,188 3,600 3,500 3,800 3,900 4,100 4,300
Employees
5 5 5 4 4 5 4 5 5 6
Revenue/Emp
11,522 12,516 12,876 14,300 14,596 16,667 16,227 18,567 22,107 23,698
Revenue
16.08% 16.20% 14.05% 15.40% 10.66% 17.81% 13.67% 13.11% 11.20% 13.70%
Gross Margin
1,044 1,143 846 1,132 553 1,385 718 1,160 980 1,540
EBT
9.06% 9.13% 6.57% 7.92% 3.79% 8.31% 4.42% 6.25% 4.43% 6.50%
EBT Margin
701 1,822 716 870 415 1,170 517 902 717 1,182
Net Income
(67) (52) (12) (6) 3 (11) (33) (86) (168) (228)
Depreciation
179.26 194.27 202.14 228.07 223.18 245.83 242.56 280.05 335.97 359.61
Revenue/Sh
10.91 28.28 11.25 13.88 6.31 17.26 9.21 13.44 10.73 17.94
Earnings/Sh
22.80 30.76 24.82 36.79 50.80 61.68 20.07 61.00 142.40 62.08
Cash Flow/Sh
(0.69) (0.68) (0.46) (0.54) (0.43) (0.28) (0.37) 0.00 0.00 0.00
Capex/Sh
22.11 30.08 24.36 36.25 50.37 61.40 19.70 61.00 142.40 62.08
Free CF/Sh
110.36 148.53 132.65 185.02 219.45 191.95 107.19 138.33 165.74 205.63
Book Value/Sh
64 64 64 63 65 68 67 66 66 66
Shares
11.40 5.58 12.53 11.86 18.81 6.34 18.15 12.02 19.74 11.32
PE Ratio
0.69 0.80 0.69 0.72 0.52 0.45 0.58 0.58 0.64 0.57
PS Ratio
1.13 1.05 1.06 0.88 0.53 0.57 1.32 1.18 1.29 0.99
PB Ratio
0.88 0.94 0.79 0.84 0.55 0.51 0.66 0.68 0.73 0.64
EV/Sales
7.18 6.09 6.53 5.30 2.44 2.03 8.15 3.13 1.72 3.76
EV/FCF
1,466 1,982 1,581 2,307 3,322 4,182 1,343 4,044 9,370 4,091
Op' Cash Flow
(45) (44) (29) (34) (28) (19) (25) — — —
Capex
1,421 1,938 1,552 2,273 3,294 4,163 1,318 4,044 9,370 4,091
FCF
(34,100) (39,255) (43,326) (51,865) (53,996) (60,816) (59,995) (62,632) (78,731) (106,305)
Working Cap'
3,089 2,788 2,788 2,981 3,573 3,667 3,961 4,427 5,042 5,710
Total Debt
1,888 1,485 898 1,532 165 719 1,034 1,457 1,716 1,542
Net Debt
7,093 9,570 8,450 11,601 14,352 13,014 7,171 9,171 10,906 13,551
Sh' Equity
1.36% 3.21% 1.15% 1.23% 0.51% 1.32% 0.58% 0.99% 0.66% 0.86%
ROA
8.40% 7.45% 6.84% 6.35% 3.19% 9.52% 9.14% 7.97% 6.20% 7.89%
ROIC
10.61% 21.87% 7.95% 8.68% 3.20% 8.55% 5.12% 11.04% 7.14% 9.67%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Reinsurance Group of America, Incorporated peers in Insurance Reinsurance

All 8 Insurance Reinsurance stocks →

Reinsurance Group of America, Incorporated (RGA) key facts

  • Reinsurance Group of America, Incorporated (RGA) is an Insurance Reinsurance company in the Financial sector, listed on the New York Stock Exchange.
  • Reinsurance Group of America, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $23.7 billion, up 7.20% from fiscal 2024.
  • As of September 25, 2026, RGA traded at $248.65, a market capitalization of $16.0 billion.
  • Reinsurance Group of America, Incorporated pays an annual dividend of $3.40 per share, a yield of 2.10%, with a payout ratio of 27.8%.
  • Return on equity was 9.67% and debt-to-equity 0.41.

Source: company filings (standardised) and stockrow calculations.

Reinsurance Group of America, Incorporated (RGA) Latest News

News by impact score

Fine-tune

21 Sep

4

RGA's Financial Solutions and longevity units drive growth, with Q2 2026 adjusted operating income up across regions and H1 2026 up 42% to $746 million, aided by capital-efficient balance-sheet solutions, pension-risk-transfer demand, and asset-management synergies. U.S. results benefited from the 2025 Equitable Holdings transaction; EMEA and Asia Pacific saw new business and strong investment income. Longevity reinsurance gains momentum as insurers and pension providers transfer risk to manage capital and longevity exposure, particularly in the UK, with Europe identified as an opportunity. Together, these businesses broaden RGA's addressable market beyond traditional life reinsurance, help deploy capital into long-duration assets, and could deliver a sustainable growth runway, complementing traditional earnings and potentially affecting investor sentiment. Expansion into Financial Solutions and longevity creates a broader, capital-efficient growth engine and long-duration asset opportunities that could meaningfully shift earnings mix.

14 Aug

3

Reinsurance Group of America’s Q2 earnings call featured five revealing analyst questions. Analyst questions from the earnings call can highlight concerns that influence views on financial performance and outlook.

12 Aug

3

Reinsurance Group of America posted stronger Q2 results and raised payouts, prompting questions on whether these developments alter its market narrative. Stronger quarterly results and higher payouts point to noticeable but limited effects on financial performance and investor views.

11 Aug

3

RGA posted Q2 outperformance fueled by higher investment returns and growth in new business. Investment returns and new business gains support improved financial results and positive market positioning for RGA.

8 Aug

3 transcript

Reinsurance Group of America discussed Q2 financial performance, earnings figures, and future outlook during its earnings call. Quarterly earnings calls deliver financial results and guidance that moderately shape near-term market views and operations.

7 Aug

4

Reinsurance Group of America Inc posted record operating earnings for Q2 2026 in its earnings call, highlighting strong financial results that underscore operational performance. Record Q2 2026 operating earnings signal major positive shifts in financial trajectory and investor sentiment for RGA.

4 transcript

Reinsurance Group of America, Incorporated held its Q2 2026 earnings call, covering financial results, operational updates, and forward guidance. Q2 earnings call delivers financial performance data and outlook that shift investor sentiment and valuation.

3

RGA Q2 earnings beat estimates due to higher premiums and investment income. Quarterly earnings beat from premiums and income offers moderate positive signal for near-term results without altering long-term trajectory.

6 Aug

3

Reinsurance Group of America reported Q2 earnings with key metrics compared to Wall Street estimates. Q2 earnings metrics versus estimates typically influence short-term stock movement and investor sentiment.

3

Reinsurance Group of America beat Q2 earnings and revenue estimates. Quarterly earnings beat offers moderate positive signal for near-term results.

3

Reinsurance Group of America, Incorporated reported its second quarter results. Quarterly earnings releases supply key financial data that shape near-term investor views on performance.

7 Jul

3

Reinsurance Group of America (RGA) shows strong positioning to beat earnings estimates again based on favorable operational and market factors. Anticipated earnings beat can lift near-term investor sentiment and share price without altering long-term fundamentals.

1 Jul

3

Reinsurance Group of America is positioned as the single insurance stock to hold for decades while two peers are flagged for avoidance based on weaker fundamentals and outlook. Long-term buy recommendation can lift near-term sentiment and trading volume but lacks fundamental operational or regulatory changes.

29 Jun

3

Reinsurance Group of America outperforms industry peers while trading at a discount, raising questions on whether investors should hold the stock. Outperformance paired with discounted valuation points to moderately noticeable effects on investor sentiment and stock trajectory.

16 Jun

3

Reinsurance Group of America releases Q1 earnings, triggering buy, sell or hold analysis for the stock. Q1 earnings and related stock advice may shift near-term sentiment without altering long-term fundamentals.

8 Jun

4

Investors react to Reinsurance Group of America (RGA) landmark reinsurance deal with Equitable. Landmark Equitable reinsurance deal represents major strategic move likely to alter RGA trajectory and investor sentiment.

18 May

3

Reinsurance Group of America held its Q1 earnings call and fielded the top five analyst questions on results and outlook. Q1 earnings call and analyst questions provide financial details and forward-looking signals that influence near-term investor sentiment and positioning.

14 May

4

Reinsurance Group of America (RGA) Q1 earnings call highlights key financial results, strategic initiatives, and forward guidance for the reinsurance giant. Q1 earnings call highlights reveal financial performance, operational updates, and outlook that significantly shape RGA's market trajectory and investor sentiment.

12 May

4

Reinsurance Group of America (RGA) posted strong Q1 results propelled by global diversification and favorable claims experience, driving upside potential. Q1 earnings strength from diversification and claims signals major positive shift in financial trajectory and investor sentiment.

8 May

4 transcript

Reinsurance Group of America (RGA) released Q1 2026 earnings call transcript detailing financial results, performance highlights, and management outlook. Q1 2026 earnings transcript discloses key financial metrics, strategic initiatives, and forward guidance directly influencing RGA's valuation and market trajectory.

4

Reinsurance Group of America, Incorporated (RGA) released Q1 2026 earnings call summary highlighting financial results, premiums growth, investment performance, and outlook amid market conditions. Q1 2026 earnings details and forward guidance directly shape RGA's valuation, strategic direction, and market perception.

3

Reinsurance Group of America (RGA) reported Q1 earnings and revenues surpassing estimates, driven by higher investment income. Q1 earnings beat provides moderately noticeable positive influence on financial performance and market sentiment.

7 May

4

Reinsurance Group of America, Incorporated (RGA) reported first quarter results. First quarter earnings reports significantly influence financial performance and investor sentiment for RGA.

3

Reinsurance Group of America (RGA) Q1 earnings compared to analyst estimates, with analysis of key metrics including revenue, net income, and premiums. Q1 earnings metrics versus estimates moderately influence RGA's financial performance and short-term market sentiment.

3

Reinsurance Group of America (RGA) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates positively impacts RGA's financial performance and investor sentiment.

3

Reinsurance Group of America (NYSE:RGA) posted better-than-expected sales in Q1 CY2026. Better-than-expected Q1 sales positively affect RGA's financial performance and investor sentiment without fundamentally altering long-term trajectory.

1 May

3

Reinsurance Group of America (RGA) announces the full redemption of its outstanding 5.75% Fixed-to-Floating Rate Subordinated Debentures due 2056. Redemption of long-term subordinated debentures reduces RGA's future interest expenses and improves balance sheet strength.

30 Apr

3

Reinsurance Group of America (RGA) earnings are projected to grow, raising questions on whether investors should buy the stock. Projected earnings growth could noticeably boost investor sentiment and short-term stock performance.

17 Mar

3

Reinsurance Group of America (RGA) exhibits strong growth prospects offering upside potential, prompting a buy or hold stance on its stock. Strong growth prospects indicate moderately noticeable positive influence on RGA's financial performance and market sentiment.

10 Mar

3

Reinsurance Group of America (RGA) trades at attractive lows with a Zacks Rank #2 (Buy), Value Score A, strong earnings growth projections of 12.7%, and robust fundamentals, making it an ideal 'buy the bottom' stock amid sector volatility. Bullish valuation and growth outlook expected to moderately lift investor sentiment and near-term performance.

stockrow.com/RGA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com