Reinsurance Group of America, Incorporated RGA
- Market cap
- $16.0B
- P/E
- 10.8×
Follow RGA
Target Price Range
Analyst price targets
Free account| 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
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| 129.28 | 165.12 | 164.86 | 169.26 | 164.68 | 134.93 | 148.75 | 170.62 | 233.81 | 232.97 |
High Price
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| 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
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| 16.08% | 16.20% | 14.05% | 15.40% | 10.66% | 17.81% | 13.67% | 13.11% | 11.20% | 13.70% |
Gross Margin
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| 1,044 | 1,143 | 846 | 1,132 | 553 | 1,385 | 718 | 1,160 | 980 | 1,540 |
EBT
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| 9.06% | 9.13% | 6.57% | 7.92% | 3.79% | 8.31% | 4.42% | 6.25% | 4.43% | 6.50% |
EBT Margin
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| 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
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| 22.11 | 30.08 | 24.36 | 36.25 | 50.37 | 61.40 | 19.70 | 61.00 | 142.40 | 62.08 |
Free CF/Sh
|
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| 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
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| 0.69 | 0.80 | 0.69 | 0.72 | 0.52 | 0.45 | 0.58 | 0.58 | 0.64 | 0.57 |
PS Ratio
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| 1.13 | 1.05 | 1.06 | 0.88 | 0.53 | 0.57 | 1.32 | 1.18 | 1.29 | 0.99 |
PB Ratio
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| 0.88 | 0.94 | 0.79 | 0.84 | 0.55 | 0.51 | 0.66 | 0.68 | 0.73 | 0.64 |
EV/Sales
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|||
| 7.18 | 6.09 | 6.53 | 5.30 | 2.44 | 2.03 | 8.15 | 3.13 | 1.72 | 3.76 |
EV/FCF
|
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| 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
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| 1,421 | 1,938 | 1,552 | 2,273 | 3,294 | 4,163 | 1,318 | 4,044 | 9,370 | 4,091 |
FCF
|
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| (34,100) | (39,255) | (43,326) | (51,865) | (53,996) | (60,816) | (59,995) | (62,632) | (78,731) | (106,305) |
Working Cap'
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| 3,089 | 2,788 | 2,788 | 2,981 | 3,573 | 3,667 | 3,961 | 4,427 | 5,042 | 5,710 |
Total Debt
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| 1,888 | 1,485 | 898 | 1,532 | 165 | 719 | 1,034 | 1,457 | 1,716 | 1,542 |
Net Debt
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| 7,093 | 9,570 | 8,450 | 11,601 | 14,352 | 13,014 | 7,171 | 9,171 | 10,906 | 13,551 |
Sh' Equity
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| 1.36% | 3.21% | 1.15% | 1.23% | 0.51% | 1.32% | 0.58% | 0.99% | 0.66% | 0.86% |
ROA
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| 8.40% | 7.45% | 6.84% | 6.35% | 3.19% | 9.52% | 9.14% | 7.97% | 6.20% | 7.89% |
ROIC
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| 10.61% | 21.87% | 7.95% | 8.68% | 3.20% | 8.55% | 5.12% | 11.04% | 7.14% | 9.67% |
ROE
|
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Reinsurance Group of America, Incorporated peers in Insurance Reinsurance
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| EG Everest Group, Ltd. | $14.3B | 7.8× | Compare |
| RNR RenaissanceRe Holdings Ltd. | $13.7B | 5.6× | Compare |
| HG Hamilton Insurance Group, Ltd. | $3.3B | 5.6× | Compare |
| SPNT SiriusPoint Ltd. | $3.0B | 6.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| GLRE Greenlight Capital Re, Ltd. | $487.3M | 9.9× | Compare |
| KG Kestrel Group Ltd | $43.3M | 0.0× | Compare |
| OXBR Oxbridge Re Holdings Limited | $12.2M | 73.0× | Compare |
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.
Reinsurance Group of America, Incorporated (RGA) Latest News
21 Sep
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
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
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
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
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
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.
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.
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
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.
Reinsurance Group of America beat Q2 earnings and revenue estimates. Quarterly earnings beat offers moderate positive signal for near-term results.
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
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
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
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
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
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
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
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
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
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.
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.
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
Reinsurance Group of America, Incorporated (RGA) reported first quarter results. First quarter earnings reports significantly influence financial performance and investor sentiment for RGA.
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.
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.
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
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
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
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
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.