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) 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 | Free account |
Against its own ten years
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
More on RGA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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