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
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Reinsurance Group of America, Incorporated (RGA) 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
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
More on RGA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement