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) Gross margin

Alert me on Gross margin

Reinsurance Group of America, Incorporated's gross margin over the twelve months to 30 June 2026 was 14.0%, up 0.3 percentage points from fiscal 2025 (13.7%). Over the past ten years it has ranged from 10.7% (fiscal 2020) to 17.8% (fiscal 2021); the current reading is higher than 45% of that period. That is below the Insurance Reinsurance industry median of 35.7% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 13.7% 2.50
FY2024 11.2% (1.91)
FY2023 13.1% (0.56)
FY2022 13.7% (4.14)
FY2021 17.8% 7.15
FY2020 10.7% (4.74)
FY2019 15.4% 1.35
FY2018 14.1% (2.15)
FY2017 16.2% 0.12
FY2016 16.1% 2.02

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 15.6% 2.01
Mar 2026 13.6% 0.19
Dec 2025 13.4% 0.00
Sep 2025 13.4% (1.03)
42 more quarters

Against its own ten years

Low 10.7% High 17.8%
Ten-year median 14.1%
Current reading's percentile 50

Gross margin against peers

Company Gross margin
OXBR Oxbridge Re Holdings Limited compare 91.8%
HG Hamilton Insurance Group, Ltd. compare 57.3%
KG Kestrel Group Ltd compare 46.3%
RNR RenaissanceRe Holdings Ltd. compare 36.3%
SPNT SiriusPoint Ltd. compare 35.1%
GLRE Greenlight Capital Re, Ltd. compare 16.8%
EG Everest Group, Ltd. compare 15.6%
RGA Reinsurance Group of America, Incorporated 14.0%
Insurance Reinsurance industry median 35.7%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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