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Reinsurance Group of America, Incorporated

Reinsurance Group of America, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $23.7 billion, up 7.20% from fiscal 2024.

Revenue: +18.5%
EPS: +159.9%
Free cash flow: +41.0%
Total debt: −0.44%

Quarter to June 2026, against a year earlier

259.09 2.87 −1.10%

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Market cap: $17.1B
P/E: 11.4×
Fwd P/E: 10.4×
Dividend yield: 1.44%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	7	7	6	7	4	8	5	7	6	6
P/E ratio Full definition →	11.40	5.58	12.53	11.86	18.81	6.34	18.15	12.02	19.74	11.32
P/S ratio Full definition →	0.69	0.80	0.69	0.72	0.52	0.45	0.58	0.58	0.64	0.57
P/FCF ratio Full definition →	5.64	5.17	5.76	4.50	2.30	1.78	7.17	2.70	1.51	3.31
P/Operating CF Full definition →	17.95	11.41	18.58	18.83	13.96	20.56	35.55	8.82	0.82	1.83
P/B ratio Full definition →	1.13	1.05	1.06	0.88	0.53	0.57	1.32	1.18	1.29	0.99
Price to Tangible BV Full definition →	1.13	1.05	1.06	0.88	0.53	0.57	1.32	1.18	1.29	0.99
EV/Sales Full definition →	0.88	0.94	0.79	0.84	0.55	0.51	0.66	0.68	0.73	0.64
EV/EBITDA Full definition →	8.94	9.32	10.02	9.08	10.99	4.04	8.95	9.25	12.81	7.98
EV/Operating CF Full definition →	6.95	5.95	6.41	5.23	2.42	2.02	7.99	3.10	1.71	3.72
EV/FCF Full definition →	7.18	6.09	6.53	5.30	2.44	2.03	8.15	3.13	1.72	3.76
Quick Ratio Full definition →	0.11	0.11	0.12	0.10	0.13	0.13	0.13	0.17	0.15	0.14
Current Ratio Full definition →	0.11	0.11	0.12	0.10	0.13	0.13	0.13	0.17	0.15	0.14
Net Debt/EBITDA Full definition →	1.66	1.17	0.89	1.15	0.22	0.35	0.89	1.15	1.58	0.92
Debt/Assets Full definition →	5.82%	4.61%	4.32%	3.89%	4.22%	3.98%	4.67%	4.53%	4.25%	3.65%
Debt/Equity Full definition →	0.44	0.29	0.33	0.26	0.25	0.28	0.55	0.48	0.46	0.42
Asset Turnover Full definition →	0.22	0.22	0.21	0.20	0.18	0.19	0.18	0.20	0.20	0.17
Operating CF/Net income Full definition →	2.09	1.09	2.21	2.65	8.00	3.57	2.60	4.48	13.07	3.46
Capex/Depreciation Full definition →	0.67	0.85	2.42	5.67	(9.33)	1.73	0.76	0.00	0.00	0.00
Interest Coverage Full definition →	8.77	9.03	6.96	7.71	4.35	15.04	6.28	5.27	4.12	5.21
ROE Full definition →	10.61%	21.87%	7.95%	8.68%	3.20%	8.55%	5.12%	11.04%	7.14%	9.67%
ROA Full definition →	1.36%	3.21%	1.15%	1.23%	0.51%	1.32%	0.58%	0.99%	0.66%	0.86%
ROIC Full definition →	8.40%	7.45%	6.84%	6.35%	3.19%	9.52%	9.14%	7.97%	6.20%	7.89%
Return on Tangible Assets Full definition →	(2.06%)	(4.64%)	(1.65%)	(1.68%)	(0.77%)	(1.92%)	(0.86%)	(1.44%)	(0.91%)	(1.11%)
Average Days of Receivables Full definition →	93.83	102.46	119.17	110.70	108.43	131.42	142.02	191.38	171.96	199.40
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(5.23)	(4.61)	(5.60)	(5.80)	(8.25)	(9.46)	(7.24)	(7.00)	(6.69)	(9.39)
Graham Number Full definition →	164.67	305.03	182.75	239.25	174.40	273.00	137.05	205.51	200.87	288.34
Earnings Yield Full definition →	8.77%	17.92%	7.98%	8.43%	5.31%	15.76%	5.51%	8.32%	5.06%	8.83%
Free Cash Flow Yield Full definition →	17.73%	19.36%	17.37%	22.23%	43.46%	56.08%	13.94%	36.98%	66.35%	30.19%
Revenue per Share Full definition →	179.26	194.27	202.14	228.07	223.18	245.83	242.56	280.05	335.97	359.61
Operating CF per Share Full definition →	22.80	30.76	24.82	36.79	50.80	61.68	20.07	61.00	142.40	62.08
Capex per Share Full definition →	(0.69)	(0.68)	(0.46)	(0.54)	(0.43)	(0.28)	(0.37)	0.00	0.00	0.00
Free Cash Flow per Share Full definition →	22.11	30.08	24.36	36.25	50.37	61.40	19.70	61.00	142.40	62.08
Cash per Share Full definition →	18.68	20.23	29.67	23.11	52.11	43.48	43.75	44.80	50.55	63.25
Shareholders Equity per Share Full definition →	110.36	148.53	132.65	185.02	219.45	191.95	107.19	138.33	165.74	205.63
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	110.36	148.53	132.65	185.02	219.45	191.95	107.19	138.33	165.74	205.63
Free Cash Flow Full definition →	1,421.08	1,938.00	1,552.00	2,273.00	3,294.00	4,163.00	1,318.00	4,044.00	9,370.00	4,091.00
Working Capital Full definition →	(34,100.32)	(39,254.95)	(43,326.00)	(51,865.00)	(53,996.00)	(60,816.00)	(59,995.00)	(62,632.00)	(78,731.00)	(106,305.00)
Capital Expenditures Full definition →	(44.64)	(44.00)	(29.00)	(34.00)	(28.00)	(19.00)	(25.00)	—	—	—
Net Current Asset Value Full definition →	(41,842.18)	(46,128.53)	(49,991.00)	(59,344.00)	(62,560.00)	(70,212.00)	(68,492.00)	(75,747.00)	(94,028.00)	(125,925.00)
EV/EBIT Full definition →	8.44	8.95	9.90	9.04	10.87	4.04	8.95	9.25	12.81	7.98
Capex to Sales Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Operating Income Full definition →	6.63	7.59	8.73	7.66	10.24	3.55	7.88	7.98	11.23	7.03
Other line items
Depreciation/Fixed assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash ROIC Full definition →	12.48%	14.19%	11.82%	14.18%	15.44%	21.21%	9.37%	24.41%	48.61%	17.46%
Accounts Receivable Turnover Full definition →	4.02	3.87	3.34	3.35	3.37	3.22	2.64	2.31	2.19	2.03
Accounts Payable Turnover Full definition →	0.40	0.40	0.37	0.36	0.36	0.33	0.34	0.38	0.38	0.32
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	914.84	969.02	1,036.10	1,054.15	1,076.64	1,156.13	1,013.44	1,019.55	1,066.81	1,272.96
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	2,868.36	3,237.56	3,858.61	4,270.50	4,336.50	5,168.50	6,157.50	8,024.50	10,075.00	11,680.50
Average Payables Full definition →	24,118.69	26,038.82	29,629.53	33,177.50	36,702.00	40,926.00	41,141.00	41,979.00	51,220.50	64,350.50
Average Assets Full definition →	51,740.52	56,806.35	62,524.91	70,633.00	80,693.50	88,415.50	88,539.50	91,263.50	108,149.00	137,632.50
Average Common Equity Full definition →	6,614.23	8,331.31	9,009.77	10,025.50	12,976.50	13,683.00	10,092.50	8,171.00	10,038.50	12,228.50

Show all line items

Columns are period end dates · fundamentals updated 26 Oct 2026

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