Reinsurance Group of America, Incorporated

RGA Financial Insurance Reinsurance

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

261.75 4.90 −1.84%
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

Reinsurance Group of America, Incorporated (RGA) Free cash flow margin

Alert me on Free cash flow margin

Reinsurance Group of America, Incorporated's free cash flow margin over the twelve months to 30 June 2026 was 11.5%, down 5.8 percentage points from fiscal 2025 (17.3%). Over the past ten years it has ranged from 8.12% (fiscal 2022) to 42.4% (fiscal 2024); the current reading is higher than 55% of that period. That is below the Insurance Reinsurance industry median of 14.6% and in line with the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 17.3% (25.12)
FY2024 42.4% 20.60
FY2023 21.8% 13.66
FY2022 8.12% (16.86)
FY2021 25.0% 2.41
FY2020 22.6% 6.67
FY2019 15.9% 3.85
FY2018 12.1% (3.43)
FY2017 15.5% 3.15
FY2016 12.3% (7.49)

Against its own ten years

Low 8.12% High 42.4%
Ten-year median 17.3%
Current reading's percentile 55

Free cash flow margin against peers

Company Free cash flow margin
RNR RenaissanceRe Holdings Ltd. compare 29.3%
HG Hamilton Insurance Group, Ltd. compare 27.2%
GLRE Greenlight Capital Re, Ltd. compare 25.3%
OXBR Oxbridge Re Holdings Limited compare 17.7%
RGA Reinsurance Group of America, Incorporated 11.5%
SPNT SiriusPoint Ltd. compare 8.34%
EG Everest Group, Ltd. compare 7.47%
KG Kestrel Group Ltd compare −261.4%
Insurance Reinsurance industry median 14.6%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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